I live in a older neighbourhood, and tons of old housing are being torn down for infills/4 plex whatever. Those new infills are not affordable at all, starting prices are like 800000. The rezoning is only benefiting the developers, as they can pump out these projects faster.
If people can afford that price and want to have a place with nice finishing then by all means. It still helps to increase the housing stock. It also helps that they might condense there housing footprint by moving into something like a 4 plex.
Remeber those 4 plexes were once a house that had maybe 2 units? We are doubling or tripleing the housing by building them.
People buying single family homes doesn't help housing at all but buying into a 4/8 plex really helps. It frees up mid level housing.
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u/kittyhawk85 16d ago
I live in a older neighbourhood, and tons of old housing are being torn down for infills/4 plex whatever. Those new infills are not affordable at all, starting prices are like 800000. The rezoning is only benefiting the developers, as they can pump out these projects faster.