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That excerpt said nothing about prohibitions on single family housing. Allowing both multi family homes and single family in the same area is not contradictory. A single family home by itself doesn't prohibit multi-family. Zoning laws saying "not zoned for multi-family" is prohibitory.
Judging by tent cities in cities across America, maybe there are certain areas that need more multi-family, so they are trying to address it.
You’d like to make that argument, but the new housing bills passed in the California assembly that eliminated single family zoning also conveniently got rid of the affordable housing requirements for large projects. Funny how that worked out? But yeah, it’s being done to address the housing crisis.
That's saying they want the barriers to multi-family housing eliminated, it doesn't mean they are doing away with single family homes, that's just silly paranoia.
"prohibitions on multifamily housing –" You're right. It doesn't mean tearing down every single-family home in the country. It means getting rid of single family zoning. It means destroying neighborhoods.
This would still be allowed
Last edited by margaretBartle; 07-14-2021 at 12:42 PM..
Reason: New
And nowhere does any of that indicate that single family housing will be eliminated. It "REQUIRES" nothing. Requests to Congress from the president are simply requests. You cannot cite a line of legislation that has imposed any such thing. It is projected to be a program based on the carrot, not the stick and based on the actions of local government.. Nothing in the infrastructure policy you link calls for such requirements. Someone is using it to make a political issue and is making false claims to do so. Why?
The request for congress is the passing of the bill, and it specifically says special grant money will be given to those jurisdictions that remove all barriers that prevent multifamily housing. R1 is the biggest obstacle in building apartments wherever they damm well please. Yes, single family housing won’t be eliminated, but nothing will be able to stop an apartment from staring down on your house in a residential neighborhood if R1 is eliminated.
The request for congress is the passing of the bill, and it specifically says special grant money will be given to those jurisdictions that remove all barriers that prevent multifamily housing. R1 is the biggest obstacle in building apartments wherever they damm well please. Yes, single family housing won’t be eliminated, but nothing will be able to stop an apartment from staring down on your house in a residential neighborhood if R1 is eliminated.
You continue to make claims that you cannot support. Show what you claim is "specifically" included. "R1" is not a federal designation. If you were correct it would be quite simple to quote the legislation you claim exists.
Some people think that Blackrock - the biggest proponent of the Great Reset - is buying houses so that young people can't build wealth. "You will own nothing and be happy" - WEF
Kind of like Bill Gates buying farmland and not growing anything on it because of climate concerns.
You continue to make claims that you cannot support. Show what you claim is "specifically" included. "R1" is not a federal designation. If you were correct it would be quite simple to quote the legislation you claim exists.
Good grief. What does “Eliminate exclusionary zoning and harmful land use policies. For decades, exclusionary zoning laws – like minimum lot sizes, mandatory parking requirements, and prohibitions on multifamily housing” mean to you?
Once again single family housing isn’t getting eliminated, but it’s exclusive zoning is. What’s so hard to comprehend?
And nowhere does any of that indicate that single family housing will be eliminated. It "REQUIRES" nothing. Requests to Congress from the president are simply requests. You cannot cite a line of legislation that has imposed any such thing. It is projected to be a program based on the carrot, not the stick and based on the actions of local government.. Nothing in the infrastructure policy you link calls for such requirements. Someone is using it to make a political issue and is making false claims to do so. Why?
Yes just like the fear-mongering that low income housing requirements would result in ghettos being built in suburban developments.
The banks buying up Single Family Homes is forward thinking on Democrat/Biden legislation with regards to capital gains selling and buying buildings which is century old legislation. Its nothing more than a punishment on Trump but every homeowner/renter will pay more as a result.
Some people think that Blackrock - the biggest proponent of the Great Reset - is buying houses so that young people can't build wealth. "You will own nothing and be happy" - WEF
Kind of like Bill Gates buying farmland and not growing anything on it because of climate concerns.
He buys farmland (his investment people do anyway) because for a billionaire, it provides an amount of diversification, hedge against inflation, and from what I know about farming, tax benefits that would make most regular people vomit.
If they are indeed buying 20% of the homes that come up on the market, that will support prices and keep prices from falling.
That's a lot of money to put into real estate, so they won't be able to keep it up for too long.
That's also a heck of a lot of rentals to keep track of and manage.
I do know of one guy who owns about 20,000 homes, but in a city like Phoenix, with a population of 1.6 million, that's not enough houses to control the housing market.
Back in the 1980s in Houston, during BIG R/E depression, I think Goldman Sachs bought like 20,000 or 30,000 apartment units on the northside of Houston. The assessed which could be remodeled/upgraded and which should be demolished and replaced with new construction. What Blackrock is doing now is a little different because they aren't in a depressed state economy to get R/E dirt cheap. Not sure if what they are doing benefit consumers.
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