You don’t want to basically evict the current denizens when you gentrify and area however you also don’t want single family housing in a down town core.
Make San Fran Tokyo a reality. If you have a 4-car footprint make it a 10-story apartment or condo. If you build more units (and prevent people from sitting on empty units) the prices will do down or at least stabilize. It’s that simple. You also need to get people over the idea of home equity as a retirement plan.
Well the people who owned property took advantage of the situation and objected to development for often disingenuous reasons to keep the value inflated.
It is a hard thing to balance.
You don’t want to basically evict the current denizens when you gentrify and area however you also don’t want single family housing in a down town core.
Make San Fran Tokyo a reality. If you have a 4-car footprint make it a 10-story apartment or condo. If you build more units (and prevent people from sitting on empty units) the prices will do down or at least stabilize. It’s that simple. You also need to get people over the idea of home equity as a retirement plan.
Well the people who owned property took advantage of the situation and objected to development for often disingenuous reasons to keep the value inflated.