[quote=briansd1]BG, you should reconsider your opposition to building new and upzoning.
If you own an old house on a good sized lot in convenient central location, think what upzoning could do for you.
When you retire, you don’t want the house. You kids don’t want it. If the neighborhood were upzoned, your property would be worth more.
In the mean time, you can continue to live in the house for as long as you like.
Cities change. If great stone mansions in Manhattan could be razed to make way for skyscrapper, why do we need to preserve mid-century wood houses.[/quote]
You are correct that I don’t want it when I retire and my kids don’t want it. However, my area will not allow any more apartments. There are several small apt complexes and two large senior complexes in my area but the rest of my immediate area is zoned for SFRs only (a few have companion units).
A handful of owners in my area have gutted and built new (complete remodels).
I believe the opposition is too strong here for upzoning. Longtime families are entrenched voters and community activists who will never give up their quaint “Leave it to Beaver” quality of life for more density. And they’ve got a LOT of time on their hands to protest and gather signatures.
If I can’t sell it in a few years for the price I what for it, I will just place tenants in it on a one-year lease and wait for a better day :=]