|
|
Darin Boville
|
In this first installment of his new video column, Neil Merrilees: Right Here In the Middle, Neil explains how neither side of the development divide is addressing our community’s planning crisis. It is available in two video formats: A small Flash format version for older computers or slower connections, and a larger version in Quicktime format for newer computers and faster connections.
| Quicktime | Flash |
Neil.......I agree with everything you have to say!
As a real estate agent, I can't tell you how many prospective buyers have said to me....."I just want to build a small house on a small lot....I don't want anything big". And, these prospective Coastside residents fall into one of two categories: either the young single or couple who are just starting out and want something affordable, but new.....built to their liking... or they are future oriented retirees....who are still living and working "over the hill" and who want a beach getaway cottage that they could eventually retire to.
But.....with the minimum lot sizes required in so many neighborhoods (1) the small lot which is available for sale.......can't be built on without merging with one or sometimes two others or (2) the lots that are so buildable are priced out of their range......[buildable lots with water are now nearing the $400,000 range].
So we are pricing out both the young and the old. We are getting a wonderful group of new residents.......but we are also losing a vital segment of our community.
Many of the retirees who live here now are taking their profits and moving to more affordable areas.
I have always maintained that extreme no-growth policies....i.e. lot mergers, minimum lot sizes... have made this real estate market extrememly profitable for the few and virtually unaffordable for the many.
Too bad........
Mary