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Old 05-03-2021, 03:43 PM
 
507 posts, read 277,368 times
Reputation: 233

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The campus is gonna be so close to me that I can bike there. The Redfin quote of my house is already rising largely.
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Old 05-03-2021, 07:22 PM
 
Location: Beautiful and sanitary DC
2,503 posts, read 3,538,769 times
Reputation: 3280
Quote:
Originally Posted by MikeJaquish View Post
You DO know that property owners historically have rights, too?
And, that detached homes are greatly desired by the majority of buyers?
You have rights to your own property, but those rights end at your property lines. If people want detached homes, they can buy them. They don't have to force their neighbors to do the same.

It's critical to understand how zoning works. Zoning codes are generally "pyramidal," whereby anything allowed in a more restrictive zone is also allowed in a less restrictive zone. So "single family zoning" and "single family housing" are two entirely different things. Raleigh's UDO is typical; it allows "single-unit living" in even its Downtown zoning district. If you wanted to build a house and four yards on Fayetteville Street Mall, you can have at it. But if I wanted to build two units with a common wall in the vast swaths of Raleigh zoned R-4, I can't.

Almost no countries, besides the US, Canada, and Australia, even have "single family zoning" laws in the first place. Yet millions of people, even majorities of people, in many other countries, live in detached, one-unit houses. That's their choice, but it's not one they impose on their neighbors.

While people may prefer detached houses in the abstract, life choices always involve trade-offs. NAR asks an interestingly designed question in its "Community and Transportation Preference Survey." They posit a choice between:
(Community A) Own or rent an apartment or townhouse, and you have an easy walk to shops and restaurants and have a shorter commute to work.
(Community B) Own or rent a detached, single-family house, and you have to drive to shops and restaurants and have a longer commute to work.

In both the 2017 and 2020 iterations of the survey, about half of respondents chose each.

More pertinent to home buyers' preferences, the 2017 survey report found that 21% of Americans would rather live in a more walkable place than where they currently live, twice the 10% who want a more drivable community.

(Also, re: Apple campus, from experience in NoVA, the prices begin rising long before hiring begins because of speculation.)
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Old 05-04-2021, 11:27 AM
 
781 posts, read 743,685 times
Reputation: 1062
Quote:
Originally Posted by shoot001 View Post
The campus is gonna be so close to me that I can bike there. The Redfin quote of my house is already rising largely.
Can you give a business address that is near the to be built campus? Thanks!
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Old 05-04-2021, 11:36 AM
 
3,395 posts, read 7,769,505 times
Reputation: 3977
Quote:
Originally Posted by Fiona8484 View Post
Can you give a business address that is near the to be built campus? Thanks!
The closest things to it will be Cisco Bldg 3 and Parkside Elementary
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Old 05-04-2021, 12:22 PM
 
507 posts, read 277,368 times
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^ Yes, it's just across the Little Dr. from the back of Parkside Elem. It's super close to Parkside shopping center. So the Louis Stephen Rd extension project has to be done otherwise the rush hour traffic will be awful in the future.
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Old 05-04-2021, 01:34 PM
 
Location: Cary, NC
43,266 posts, read 77,063,738 times
Reputation: 45612
Quote:
Originally Posted by paytonc View Post
You have rights to your own property, but those rights end at your property lines. If people want detached homes, they can buy them. They don't have to force their neighbors to do the same.

It's critical to understand how zoning works. Zoning codes are generally "pyramidal," whereby anything allowed in a more restrictive zone is also allowed in a less restrictive zone. So "single family zoning" and "single family housing" are two entirely different things. Raleigh's UDO is typical; it allows "single-unit living" in even its Downtown zoning district. If you wanted to build a house and four yards on Fayetteville Street Mall, you can have at it. But if I wanted to build two units with a common wall in the vast swaths of Raleigh zoned R-4, I can't.

Almost no countries, besides the US, Canada, and Australia, even have "single family zoning" laws in the first place. Yet millions of people, even majorities of people, in many other countries, live in detached, one-unit houses. That's their choice, but it's not one they impose on their neighbors.

While people may prefer detached houses in the abstract, life choices always involve trade-offs. NAR asks an interestingly designed question in its "Community and Transportation Preference Survey." They posit a choice between:
(Community A) Own or rent an apartment or townhouse, and you have an easy walk to shops and restaurants and have a shorter commute to work.
(Community B) Own or rent a detached, single-family house, and you have to drive to shops and restaurants and have a longer commute to work.

In both the 2017 and 2020 iterations of the survey, about half of respondents chose each.

More pertinent to home buyers' preferences, the 2017 survey report found that 21% of Americans would rather live in a more walkable place than where they currently live, twice the 10% who want a more drivable community.

(Also, re: Apple campus, from experience in NoVA, the prices begin rising long before hiring begins because of speculation.)
So, if I buy in a detached home neighorhood, where everyone agrees at purchase to only own detached homes, that agreement should be voided because of other country practices?
I don't really buy that.
Covenants, as agreements between neighbors, limit activity by owners in more detail than zoning.

And, the limitation of the NAR false dilemma survey? It avoids a choice to own a detached, single-family home with an easy walk to shops and restaurants, and a short commute; a choice which would very possibly be superior to many respondents to that survey.
I am a member of NAR, of course. But, I don't genuflect when I see their data and I seldom quote them.
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Old 05-04-2021, 01:45 PM
 
13,811 posts, read 27,438,544 times
Reputation: 14250
Quote:
Originally Posted by Fiona8484 View Post
Can you give a business address that is near the to be built campus? Thanks!
With my cash earning <1%, sounds like it's time to 2005 this housing market and start buying stuff up and immediately re-listing for 10% more.
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Old 05-04-2021, 02:01 PM
 
Location: Oxxford Hunt, Cary NC
4,477 posts, read 11,617,023 times
Reputation: 4263
Quote:
Originally Posted by Dire Wolf View Post
The closest things to it will be Cisco Bldg 3 and Parkside Elementary
I can wave at the Apple folks through the trees as I work in Bldg 3.. or at least I did pre-Covid!
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Old 05-04-2021, 02:30 PM
 
507 posts, read 277,368 times
Reputation: 233
^I've never been to Silicon Valley but this is the most SV thing I can imagine---Apple, Cisco, NetApp in a row and all in biking distance.
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Old 05-04-2021, 02:32 PM
 
Location: Durm
7,104 posts, read 11,596,920 times
Reputation: 8050
Quote:
Originally Posted by shoot001 View Post
^I've never been to Silicon Valley but this is the most SV thing I can imagine---Apple, Cisco, NetApp in a row and all in biking distance.
I would like a spinoff of the excellent HBO show "Silicon Valley" please
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