Kansas

Phoenix61

(18,484 posts)

29. Except it doesn't reduce demand. It just shifts the demand

Mon May 2, 2022, 12:45 PM

May 2022

to investors because single families can no longer afford the neighborhood. They end up looking in less expensive areas but since they have more disposable income they drive up the price of housing in that neighborhood. So, the larger houses end up rentals and the people who would have lived there move over to the next neighborhood. The family at the bottom gets completely squeezed out of the housing market. Meanwhile realtors and banks are raking in the dollars. Local governors are thrilled because property tax revenues go up. This is also why they are incredibly reluctant to push back against it. Areas where tourists like to visit are especially vulnerable to this. Like where I live.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

36 replies

= new reply since forum marked as read

Highlight:

A Kansas city voted unanimously to ban co-living rentals, effectively making roommates illegal in so [View all] UpInArms May 2022 OP

This has got to be illegal, right? Ferrets are Cool May 2022 #1

No, lots of cities have zoning laws that require single family houses spooky3 May 2022 #4

Then that is up to the landlord to maintain the outside of the house Bev54 May 2022 #17

You're kidding, right? ZenDem May 2022 #27

No. It depends on the lease. Typically, if you rent a SFH, you are responsible spooky3 May 2022 #31

They did not totally ban co-living. PoindexterOglethorpe May 2022 #2

And this particular ban applies only to SFHs. Nt spooky3 May 2022 #7

3 or fewer- 4 or more is banned under this rule Blues Heron May 2022 #16

So if you have Mom and Dad and Grandma and grown son Bev54 May 2022 #18

So, no "Friends" in KC, eh? Wow. dchill May 2022 #3

"Friends" lived in apartments. This ban applies to SFH neighborhoods. Nt spooky3 May 2022 #5

It's racism. Cracklin Charlie May 2022 #6

They are related persons, so the ban wouldn't apply. Nt spooky3 May 2022 #8

Just one who isn't related makes it illegal. Bev54 May 2022 #19

Yes, but in the example the poster gave, there isn't likely to be an unrelated spooky3 May 2022 #22

Yes but it is just one example. Bev54 May 2022 #23

This is a common provision across many cities. spooky3 May 2022 #25

Please read or reread the article jimfields33 May 2022 #13

I doubt this is unusual in college towns. twodogsbarking May 2022 #9

It doesn't ban 3 roommates, so that takes care of most cases. But still, not sure rule is needed. Hoyt May 2022 #10

Turning single family homes into multi-unit rentals Phoenix61 May 2022 #11

I agree with Air B&B but they are not living there and it is Bev54 May 2022 #20

I'm unsure what you mean by they aren't living there. Phoenix61 May 2022 #21

Do you have a cite for that? spooky3 May 2022 #24

Except it doesn't reduce demand. It just shifts the demand Phoenix61 May 2022 #29

These are hypotheses. They should be tested with data. Nt spooky3 May 2022 #30

What part of my post do you think is just a hypothesis?nt Phoenix61 May 2022 #32

All of it--unless you have data, it is just an untested spooky3 May 2022 #33

Here's some sources for you. Phoenix61 May 2022 #34

Thanks, but those don't show that the cause of increases spooky3 May 2022 #35

Right... nt Phoenix61 May 2022 #36

makes it more expensive to live in that neighborhood DBoon May 2022 #12

It artificially inflates the price of single family housing by changing Phoenix61 May 2022 #26

I agree with this. 4 or more people results in Ritabert May 2022 #14

I just want to say thank you for posting the full title. Croney May 2022 #15

This message was self-deleted by its author Rebl2 May 2022 #28