> Ultimately I think this particular problem is a diseased outgrowth from the cancer that is "homes as an investment vehicle." Is it so much that people don't want change or is more that they (correctly) identify a house and the land it sits upon as the only thing in their life that appreciates in value, consistently? It represents stability, a future to be handed down to one's children, that sort of thing.
There's no one cause. Even if homes weren't "an investment vehicle," I don't think it would change much. Few people in a neighborhood of single family homes would want a 20-story apartment tower getting built next door.
There's no one cause. Even if homes weren't "an investment vehicle," I don't think it would change much. Few people in a neighborhood of single family homes would want a 20-story apartment tower getting built next door.