JohnDeere t1_j5uxhsb wrote on January 25, 2023 at 7:11 PM

Reply to comment by cusmilie in Washington state might nix-single family zoning by magenta_placenta

So? All housing adds to supply. If someone moves into that expensive home they are not competing for the cheaper ones anymore and driving up prices.

cusmilie t1_j5v6tpl wrote on January 25, 2023 at 8:08 PM

That would be the goal, but not happening. Families have a slim chance of getting a home against developers and investors. Until developers and investors are leveraged to point to where they slow down buying inventory, it won’t shift.

JohnDeere t1_j5v7o0l wrote on January 25, 2023 at 8:13 PM

It literally does tho, its basic supply and demand I dont know why this terribly backwards idea comes from. We have a supply issue, we need more housing. Literally any housing helps. If the developers and investors were just buying legit any open property anywhere sure you may have a point but that would mean we would have no houses available either which we know is not the case. All housing built is good full stop.

cusmilie t1_j5vrwm0 wrote on January 25, 2023 at 10:16 PM

I don’t know what you mean with open - as in listed in MLS? I don’t know exact percentages, but I would gather conservatively 75% never get listed. It’s under the table deals and in some cases taking advantage of elderly. The area started providing free legal housing advice to elderly which implies city knows it’s a problem.