Submitted by magenta_placenta t3_10khw9m in Washington
up_down_underwater t1_j5s2ldx wrote
Reply to comment by brilliant_beast in Washington state might nix-single family zoning by magenta_placenta
Free market? And I’d love to see your equation of how this will “drive up the prices of single family homes” ?
Crazyboreddeveloper t1_j5sjn9x wrote
You don’t think turning Seattle into the hottest realestate investment opportunity on the west coast would increase demand from buyers with infinite cash thereby increasing the cost of houses?
Paid_Corporate_Shill t1_j5u09jh wrote
It’ll probably increase the cost of houses in Seattle but decrease the costs of apartments and condos. Not really a bad thing unless you reeeeeally want to buy a house in Seattle.
Crazyboreddeveloper t1_j5u8qsc wrote
Yeah, developers love building cheap apartments /s
Paid_Corporate_Shill t1_j5u993c wrote
If many developers build apartments, the price comes down. It doesn’t matter what the developers want lol
Crazyboreddeveloper t1_j5xnakm wrote
!remindme 10 years.
I highly doubt rents going to be any cheaper because investors like profit and don’t like loss.
See you then.
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Paid_Corporate_Shill t1_j5yyuki wrote
Sounds good, consider skimming this at some point in the meantime
brilliant_beast t1_j5s9jao wrote
Restricting the supply of new single family homes, assuming no change in demand, will absolutely drive up prices.
Maybe some people will be content living in a multi-family home instead. Others will continue to want single-family homes.
SadShitlord t1_j5soew4 wrote
This isn't restricting supply any more than it already is, nothing about this says anyone has to build foulrplexes. If they will its because the demand for dense housing is higher than demand for single family homes
brilliant_beast t1_j5tnu32 wrote
I must have misunderstood. I assumed it meant it would become harder to build single family homes.
I definitely support relaxing the restriction on multi family development and letting the market decide what kind of housing is built.
up_down_underwater t1_j5vug9g wrote
…there we go.
ThurstonHowell3rd t1_j5ufsgn wrote
Given the choice, I wouldn't want to live in a single-family home next to a stack box multi-family home. All of a sudden my 6' privacy fence needs to be 30' tall and the street is littered with fights over tight on-street parking. No thanks.
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