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Metropolitan DC Local Politics
Reply to "What do you think of YIMBYs?"
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[quote=Anonymous][quote=Anonymous]Density increases land values. Cost per s.f. To build decreases with scale (but increases with regulation and government rent-seeking fees). Building new houses in desirable areas with density limits increases land costs faster than increased building supply reduces prices. #1: abolish, or severely reduce, zoning limits. Think Houston, TX or maybe Tokyo, JP #2: eliminate government-associated costs of building. Require builders to be bonded to provide engineer-approved documentation of building practices. #3: recapture the land-value increase due to density with land-value taxes. (Also works for land-value increases due to metro stations, better schools, safer parks, fun playgrounds, transportation access, public safety, convenient shopping, generous employers, etc.) [/quote] This sounds right - like YIMBY, but dealing with gentrification. It starts to go beyond my level of understanding of impacts, but I'd like the overall effect to make it more livable for people who are otherwise being pushed out, including at the expense of my property values. I have not done anything to earn doubling of the value of the land I own and I don't like that it's breaking up communities.[/quote]
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