YMIBYism has a lot of virtues but making housing cheaper isn’t one of them. YIMBYism should be looked at as an economic development policy and judged on ROI. As it has been practiced, YIMBYism has no redeeming social value. |
The thing is YIMBYism has become a badge of honor with all the yard signs, t-shirts, and shaming of others who don’t agree. Interestingly, developers, architects, and many republicans are YIMBY so it’s one area where the affordable housing advocates, progressives, the creative professions, and pro business republicans unite. |
If you change the name from "gentrification" to "upzoning," then liberal white people don't feel so guilty promoting it. |
The reason you don't know why is because it didn't happen. They are different things. There might be upzoning and then gentrification, but gentrification can also happen without upzoning, and guess what? Upzoning can also happen without gentrification. |
Stand up for what you believe in. If you know you're right, who cares what other people say? |
Uh, sure, in theory. In reality, it basically only happens in ungentrified areas. How else is DC getting so incredibly white? Because developers buy homes from black people and turn them into luxury condos they then sell to white people. |
Subdividing a large rowhouse into multiple condos makes money for the developer (first and foremost), the architects, contractors, and the real estate professionals. The condos however are not cheap, and cost a small fortune. |
Obviously gentrification only happens in ungentrified areas. How would you go about gentrifying an area that is already gentrified? DC is currently 38% non-Hispanic white. |
Which costs less, a condo in a large rowhouse subdivided into multiple condos, or a large rowhouse? |
The unwritten story here is that these buildings with a small number of condos will turn into disasters for the condo owners. The idea that these small condo associations will be managed well is zero. Disputes will arise. Finances will be poor. Basic maintenance will be ignored. Condo owners will make no money on them. I would never advise anyone, including my children, to buy one. The only people that will profit will be the developers and other real estate professionals.
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Condos are the engines of gentrification. They drive up the price of everything. |
DC is basically the only place in America that is getting dramatically whiter. Everywhere else the white share of the population is shrinking. |
I also think it’s kind of sad the beautiful interiors get chopped up. But more money is to be made in subdividing homes, and yes a 1.5 mill condo is cheaper than a 3 mill rowhouse. I keep hearing we’re in an unprecedented housing crisis—probably true to an extent but there is also a bit of hyperbole. |
Condos mean more people in a given area. Which means more bars and restaurants. Which means more people want to live there. Which drives up the prices of those condos. Which drives up the prices of houses developers need to buy and tear down in order to build more condos. Which means even more people in a given area. Which means more bars and restaurants, which means more people want to live there, which drives up the prices even further. |
The primary purpose of housing is housing. Not profit. And nobody is forcing you to buy a condo in a building with a small number of condos. |