Reply to The DMV needs a YIMBY revolution

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Simply increasing the number of units will not be accretive to the tax base.  People are being told that they have a “Right” to live where they choose.  Not true.  [/quote]

Really? A 20 story building is going to be assessed at $100 million. The 10 or 15 SFHs on that same parcel would be assessed at a fraction of that. Of course, to encourage growth and affordable housing, the building owner may end up not paying taxes [/quote]

This seems like a good idea. No reason to pay for any public services that the 20-story building might use. [/quote]

Excellent idea. More demand for services and no new resources. The math definitely maths.[/quote]

The people living in that 20 story building pay income and sales tax. The company that owns the building pays property tax. Lots of new resources.[/quote]

This response indicates either a lack of math literacy or intentionally misleading rhetoric. Most local tax revenue a from property taxes and most localities don’t have direct income taxes, so they don’t necessarily benefit from changes in income tax revenue attributable to their district. Sales taxes make up a relatively small share or total tax revenue and they do not come close to offsetting the cost of providing services for new residents. A LVT is not a serious policy proposal unless you change the entire system for local government funding. It will force elderly people out of their homes and bankrupt local governments. [/quote]

An expensive apartment close to transportation is probably going to be working adults without children who use minimal resources. Expensive apartment and then house in the suburbs has been the pattern for generations.[/quote]

The other reality is that developers are not building family apartments in transit accessible areas.  Their sweet spot is smaller, upmarket 1 BR and 1BR plus den for singles and couples, in “amenity-rich” buildings.  Plus, too many kids kills that buzzy urban vibrancy that developers try to create.[/quote]

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