Quote:
Originally Posted by the urban politician
^ Exactly.
Some day perhaps I will convert one of my six flats in Pilsen into my own mansion. It’s walkable to the Pink Line and it has space for a garage off the alley.
I’m pretty sure that downzoning my property can’t stop me from doing that.
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I did hear someone wanting to put a stop to so many downsizes (multi unit to SFH) which frankly is leading to an increase of
house prices in some areas - I think that would be more devastating in some of these gentrified/gentrifying areas than limiting the height of a building.
And I'm not sure what they're trying to do anyway. There's tons of 2-4 unit buildings that are no more than 4 stories tall that have been going up in these neighborhoods for the last large handful of years without any necessary zoning change. Do people seriously think that 6 units going up on 2 parcels has cheaper average units than 18 units going up on the same parcels?
I feel like people look at NYC and say "Well if it becomes denser then we'll end up like NYC prices!" without realizing that the market conditions are completely different for why prices are higher.