I'm reminded of a recent housing development that was planned in the city where I live. They wanted to build a few hundred near zero-lot-line single family homes and townhouses. It was on land that was previously zoned industrial, so it required a pretty lengthy approval process.
The neighborhood next to it fought the proposed zoning changes. Too many houses near by, increasing traffic, too close to the creek, etc. Probably more likely they were worried about property valuations changing. Ultimately they got their way, and they never got past the planning stages for that neighborhood.
However, it didn't stop development on the property from continuing. Since it was already industrial, they went ahead and started building an ugly. massive, tilt wall warehouse on the property. It didn't need many reviews and got approvals very quickly.
So now instead of some nice houses, a park, and a few small retail spots to help increase the massively supply constrained housing stock in the area we're going to have a probably busy warehouse with large trucks coming and going constantly deep in the heart of what is otherwise a largely residential area. Nice going, NIMBYs. I bet that warehouse is going to help your property values quite a bit.
The neighborhood next to it fought the proposed zoning changes. Too many houses near by, increasing traffic, too close to the creek, etc. Probably more likely they were worried about property valuations changing. Ultimately they got their way, and they never got past the planning stages for that neighborhood.
However, it didn't stop development on the property from continuing. Since it was already industrial, they went ahead and started building an ugly. massive, tilt wall warehouse on the property. It didn't need many reviews and got approvals very quickly.
So now instead of some nice houses, a park, and a few small retail spots to help increase the massively supply constrained housing stock in the area we're going to have a probably busy warehouse with large trucks coming and going constantly deep in the heart of what is otherwise a largely residential area. Nice going, NIMBYs. I bet that warehouse is going to help your property values quite a bit.