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Proposed Zoning Change - South Hills neighborhood

Rezone proposed

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#1 A_Random_Username

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Posted 29 October 2017 - 04:45 PM

Received a notice for rezoning for my neighborhood. From what i could gather its mainly just a7.5 and a5s, with a few E and ERs that would be new, if rezoning were approved.

Ill scan the maps and what not in a few, have to reconfigure some things.

Also heard from a close friend (knew her since we were both 11) her parents received a letter similar, something about purchasing her house, though i havent seen the letter myself.

Anyone hear know something else?

#2 A_Random_Username

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Posted 29 October 2017 - 05:31 PM

https://imgur.com/a/HKGVE



#3 Thurman52

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Posted 29 October 2017 - 07:07 PM

It’s to prevent duplex and denser redevelopment. The assumption is that as the city grows, developers will look at neighborhoods like this for redevelopment.

#4 A_Random_Username

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Posted 29 October 2017 - 07:14 PM

so no need to worry about property being bought out?



#5 Thurman52

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Posted 31 October 2017 - 06:50 AM

If you are referring to private investors buying and rebuilding duplexes and others denser types then less likely. Economic won’t make sense they can still and may still tear down and rebuild single family.

#6 Doohickie

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Posted 31 October 2017 - 07:17 AM

so no need to worry about property being bought out?

 

Affordable neighborhoods are increasing in price, but only partly due to live-in homeowner demand.  There's a lot of corporate money coming into the single home market.  They buy a house, remodel it and rent it out.  I see it up and down my street (a couple miles south of I-20) and in my neighborhood.  There are dozens of new homes (within the last 10 years) that were built on the fringes of my neighborhood specifically as single family rental units.  After the 2008 crash the neighbor south of Sycamore School Road, east of Hawkwood, was stopped dead in its tracks, perhaps 10% built out with decent homes intended for occupant owners.  The rest of that tract was built out as no-frills rental units.  It's very clear which ones were built before the crash and which ones were built after.

 

Entry level builders like Choice Homes simply don't exist anymore.  That whole segment is filled by homes built specifically as rentals.


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