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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
I'm thrilled that they pay taxes, but don't get it twisted - the people who owned the older home before the market blew up are the ones who come out on top of this scenario. If gauche yuppies want to pay a premium and get exactly no equity in their investment- have at it! Your taxes pay for my kids education.

[/quote]

Who's getting it twisted?  That's just another reason to thank the "gauche yuppies" for helping those who own the older homes in close-in neighborhoods.

It comes down to whether you want to look on the bright side [b](more tax revenues, equity appreciation, younger families, additional amenities in nearby commercial areas)[/b] or be a sourpuss (higher taxes, lamenting the loss of the "old neighborhood," and complaining about what someone else chose to build on their own property).  Assuming you can't prevent the redevelopment (and kvetching on an anonymous forum doesn't really have much impact on anyone's behavior), it seems like it would be healthier to focus on the positives.

I also wouldn't worry too much about the "gauche yuppies" who "get exactly no equity on their investment," because most likely they are rolling over equity appreciation from other investments into the new builds AND seeing the new builds appreciate as well.    [/quote]

All those things could be achieved by upzoning to allow new townhouses.  More tax revenues, younger families, greater demand to support retail.  Plus you would have more density that could support transit more kids within walking distance, and more housing closer in  for middle class people.    [/quote]

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