Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Rainmaker
2,711,719
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Quick & easier way to get more units to market. An industry can grow up with it including, lenders, appraisers & a rental market plus more money for state & county taxes including the utility companies. Density is the watchword as increased parking, noise and traffic make the rounds.

Jan 20, 2023 02:05 PM
Rainmaker
1,395,018
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Atherton is prime for this due to lot sizes but a lousy place to do it aesthetically; Atherton, Hillsborough, Los Gatos, etc. have the lot sizes but they are also luxury neighborhoods that would potentially lose some value if too many do this.

Jan 20, 2023 01:08 PM
Rainmaker
902,297
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Many on this site were negative a couple years ago about this. I have a premium lot in Southern Cal & the negative things have not happened, actually the valuation has risen. Long story short (could write an article)...I had ZERO concerns about it back then and ZERO concerns about it now.

 

If I had any concerns, I would of sold long ago. I eventually will sell as my California "dream home" will not be happening.

Jan 20, 2023 12:55 PM
Rainer
417,685
Clay R. Seay
Florida Homes Realty & Mortgage - Saint Augustine, FL

The destruction  of single family neighborhoods in the name of greed, disguised as affordable housing. Despicable and disheartening to think elected officials today can ruin decades of urban planning by previous generations. 

Jan 20, 2023 01:45 PM
Ambassador
3,191,613
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

There are places/lots where this can work well. 

There are others where it does not. 

I will leave it at that. 

 

 

Jan 20, 2023 01:06 PM
Rainmaker
2,155,270
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I would not mind purchasing a lot and placing 3 or 4 Tiny Homes on it Caroline Gerardo . This is a thought that has crossed my mind many times.

Jan 20, 2023 12:33 PM
Rainmaker
3,822,462
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Caroline Gerardo SB9 can be beneficial to some areas need more new housing.

Jan 20, 2023 03:58 PM
Rainmaker
555,312
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

I can see this being appropriate in certain areas. Maryland REALTORS is currently backing ADU legislation and many of the same concerns were discussed on their pod cast discussion.

Jan 21, 2023 05:18 AM
Rainmaker
1,786,570
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Has nothing to do with my market.

Jan 20, 2023 02:12 PM
Rainmaker
1,093,036
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Atherton, one of America's most expensive places to live, will continue to be a sought after, single family home, community after these changes take place. 

With the current and future homes being valued at multiples of a million dollars, it will never be "affordable housing".

Jan 21, 2023 12:41 PM
Rainmaker
835,552
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

We're experiencing lots being split into smaller lots in older sections of town. For example, Downtown Cary and DT Apex are two hot spots. There are homes on half and one acre lots that are being split into 2-4 lots. The homes they're building are higher priced. I don't love that they're putting homes on such small lots but I understand the need around a downtown area. However, you do have to go through town planning for approval. There are many moving parts that have to happen to make it work. 

On another note, I hear the plan is to make DT Raleigh more like Buckhead Atlanta. The article I read mentioned Raleigh as being one of the last medium sized metro areas that still have single family homes. The assumption is that we'll see the single family homes go away and townhomes/condos built in its place. Things are constantly changing. 

Jan 21, 2023 06:15 AM
Rainmaker
4,724,262
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not sure I am a fan. Need more time to ponder. 

Jan 21, 2023 04:25 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Neighbors can be a PIA when developing land, good to know that they are not letting them get in the way.

Jan 20, 2023 08:29 PM
Rainmaker
1,450,002
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The interesting thing is, it's all too likely these will become short-term rentals.  I agree, the last thing these areas need is more traffic and higher density.  There is nothing wrong with a neighborhood or city being "exclusive" and require that people actually have money and good careers to be able to live there.  It's what gets people to strive to better themselves... but then again in today's world that's an evil thing...

Jan 21, 2023 05:51 PM