Quote:
Originally Posted by Crawford
I think you're going a little too far with this. Houston is affordable, overall, because there's tons of development...
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Um yes that is the exact point. Houston is affordable because it has enough development to meet demand. And why is that? Because Houston's development regulations *allow* enough development to meet demand.
Quote:
Originally Posted by Crawford
I think Boston and SF homeowners would disagree. Their property values and neighborhood aesthetics, unlike affected homeowners in Houston, are secure. I specifically bought in a neighborhood with tough zoning rules and aggressive civic organizations because I knew my investment would be safe.
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Obviously. And the selfishness of you and your neighborhoods in this regard is why SF and Boston are such expensive cities. Under our system of democracy, where the stability of existing voters is weighed as a more important priority than the needs of future voters, you of course have that right. But don't pretend this choice you are making, to jealously prevent your existing neighborhood from doing its part to meet the insanely high-and-growing demand for more housing, is not *directly* responsible for Boston's high housing costs.
And of course you benefit doubly, because not only do you get a stable neighborhood, but you also get rich in equity, as the more dire Boston's housing shortage becomes, the more your existing home is worth.
So yes, obviously there is logic behind your position, and you are allowed to like your neighborhood. Just don't pretend it's virtuous or in society's best interest.