> unwilling to give up on their single family homes
I think that expecting people to "give up their homes" is more than unreasonable. The reasonable compromise being that builders can build in more densely once the current owners sell it.
I think that expecting people to "give up their homes" is more than unreasonable. The reasonable compromise being that builders can build in more densely once the current owners sell it.
The higher taxes could effectively force a land owner to sell their property.
Often part of what existing land owners are fighting for is preferential zoning which artificially keeps the "highest and best use of land" a low density detached house, which keeps land values relatively low.
Kids move out of the house, parents retire at 65 and live to 85+. That's 20 years, a whole generation.
If the developer can get permission to build 3-5 story apartments on the lot
But if the whole block gets rezoned, then there's a race to the bottom.