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Originally Posted by someone123
I feel for renters more than I feel for homeowners. Higher density tends to drive up land prices and homeowners benefit from that. In Halifax it is very easy to sell in one neighbourhood and buy somewhere cheaper a few km away.
There is no good way to guarantee everyone a stable urban neighbourhood from the time they move in to the time they feel like moving out. I understand why people like that but it's not how cities work. The closest you could get is to buy a large acreage out in the country so that you control the land you want to keep unchanged, and again this option is available in metro Halifax. Some people seem to want it both ways, and want to control property they don't own, and they want urban conveniences but not urban dynamism.
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This is well put, and is something that isn't said enough. The bottom line is that no one is guaranteed to live in a neighbourhood that is static but a lot of people have this absurd expectation. It's one thing to not personally want to have a large apartment building constructed behind your backyard but quite another to actively campaign against it, usually with arguments of dubious merit.
If your neighbourhood changes and you don't like the outcome, then move. Simple as that.
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Originally Posted by OldDartmouthMark
As far as density driving up home prices, I feel that having a large building built next to your place would decrease the value, but I don't have data, and I'm not a real estate agent. However, if I were a buyer, it would deter me, and I suspect others would feel the same.
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In the short term there may be a dip in the value, sure. But in the long term it's doubtful. If the neighbourhood is generally densifying, that typically means the level of services in the neighbourhood is also increasing. People are willing to compromise to live in a walkable neighbourhood near parks, schools, shops, bars, restaurants, access to public transit, etc. Sometimes that compromise means your single family home is adjacent to large apartment buildings.
I'm currently shopping for a single family home in downtown Fredericton. For my budget I could easily buy a brand new house in a suburb with a huge kitchen, ensuite, two car garage, etc. Instead I'm likely to buy a house without those features. That's the compromise I need to make in order to walk to work, have one car instead of two, etc. It's the same kind of thing.