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Old 02-23-2018, 12:54 PM
 
Location: Living on the Coast in Oxnard CA
15,372 posts, read 25,606,362 times
Reputation: 19649

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Quote:
Originally Posted by ohio_peasant View Post


Why? Because higher-density generally leads to higher land-prices. Given that the appeal of buying over renting, is to profit from the privilege of living where one happens to live, conversion of a neighborhood to higher-density housing is condign with the main appeal of ownership.
My home is a lifestyle choice. I love living in a single family home. I expect that the other homes will remain as single family homes. My neighbors are expecting the same thing.

If I wanted to live in an apartment setting I could have purchased a 4 unit building instead of a single family home. I for one do not want to share my private space with other families or individuals that are renting my space from me. There is no appeal to me to have others on my property. I don't know of anyone else that this situation would appeal to.

Rental properties should be similar to what is in the neighborhood. I am so thankful that where I live they maintain building codes. If I want to profit from rental properties I will buy rental properties. We have neighborhoods with multi family dwellings.

The point of this thread is about why mansions are artificially cheap, which I don't think they are. The idea being, why not tare them down and build multi family housing in the same space. The reason that people build large estates by others that own large estates is because those people do not wish to live near a bunch or renters. They wish to live near people that are in the same economic status that they are in.
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Old 02-23-2018, 01:25 PM
 
Location: Paranoid State
12,685 posts, read 9,455,990 times
Reputation: 14953
Quote:
Originally Posted by BigCityDreamer View Post
And the monthly mortgage payment is higher than most people's annual incomes.

lol
Someone told me its property taxes are over $100K/year.
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Old 02-23-2018, 01:41 PM
Status: "delete" (set 26 days ago)
 
3,189 posts, read 1,278,387 times
Reputation: 2351
Quote:
Originally Posted by SportyandMisty View Post
Someone told me its property taxes are over $100K/year.
It's probably your house.
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Old 02-23-2018, 05:36 PM
 
Location: Paranoid State
12,685 posts, read 9,455,990 times
Reputation: 14953
Quote:
Originally Posted by Jobster View Post
It's probably your house.
Nah. That's in The Colony in Park City Mountain Resort. I'm in Deer Valley.
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