Quote:
Originally Posted by Bring_Back_Shantz
Others have pointed out that you are wrong, and that that is the problem with a plebiscite, so maybe I'm piling on.
But, again, that's exactly the point, too often people apply what they think is common sense or simple logic.
"I don't want to live next to a 4 plex, so it must mean any house next to 4 plex is worth less".
When the reality is, any lot that can be turned into a 4 plex is immediately more valuable to a developer, and if a developer is willing to pay more for that lot, then anyone who wants to buy it to live on it is gonna have to pay more, hence...the value has gone up.
Now does that help housing affordability?
Well, now there are 4 $500k doors in that neighborhood instead of 1 $1M, so there are more doors that are less expensive. Whether or not $500k is affordable is questionable, but the answer sure as heck isn't "Don't let anyone build more doors so that the people who own $1M houses don't incorrectly feel like their house is worth less".
Letting people vote using the "This is how I feel so it must be how the whole system works" is a terrible way to make meaningful change to a very complex situation/problem.
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Look, I don't care if people want to pile on, so fill your boots. I don't have any issue admitting being wrong and it doesn't bother me.
I can't say that I'm convinced that I should be hoping my neighbours are able to sell to a developer who can build a multi-family place there. I understand why other people would like that, and I understand why the developer would love that.