Quote:
Originally Posted by GGG
The old ladies can stay if they can be afford the new taxes we wouldn’t actually kick them out. I just have no sympathy to the argument that you can buy a house at 20 and expect that zoning should remain constant for 50 years of development.
If you want the same lifestyle that you have in your SFH surrounded by SFH then you need to move to an area that is less valuable to the public good. The individuals in these situations already made substantial amounts of money as a result of the increase in property value. That is reasonable compensation for the required change in zoning to accommodate the change in society and a the city between 1970 and 2020.
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Doesn’t your logic break down though the second you do the re-zoning as property values will drop, won’t they? With the drop in value, it kinda blows up the theory that these people will be reasonably compensated no?