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It wouldn't inherently depreciate the value of existing homes. That's up to the market at that point. Plenty of countries are perfectly fine with multifamily housing. A homebuyer is buying a parcel of land and a dwelling, not a snapshot of time that is supposed to never change. That's how you end up with slums and housing shortages, when you make it harder for people to buy and sell homes and move naturally.
This also the same logic that led to white flight, housing covenants, and housing disparities between different populations. Cities and neighborhoods change throughout time, that's normal. Fighting that is incredibly damaging to society.
Again, why should a home be protected from depreciation when cars are not? You're essentially asking for a homeowner subsidy to protect them from competition on the market.
Are you arguing that criminality is bred into low income people? Because the correlation (and an imperfect one I'll add) is between poverty and crime. IE if you remove poverty, you would logically break that correlation. What's your evidence that renting an apartment makes you more liable to commit crimes?
1. This is just bad math and ignores sales tax and other tax methods.
2. It's incredibly shortsighted because this situation makes it less likely those several single parents move up the income ladder and gain wealth. In other words, you're cannibalizing your future tax base.
Tokyo.
Intentionally bringing in lower income people increases the likelihood of crime which increases the likelihood of depreciation.
I've already explained why the homeowners should be protected. They purchased their homes at a time when restrictions were in place to protect their property values. Those restrictions were a selling point at the time they purchased their home.
You are talking about creating slums, but you would be willing to lower the value of neighborhoods if it meant more people could live there. You would be willing to let middle class neighborhoods turn into slums.
Renters on average have less money than home owners. Lower income people on average commit more crimes than higher income people. Renters on average commit more crimes than home owners. You already know this. Why are you pretending that there is no safety risk to filling middle class neighborhoods with lower income renters?
My math was fine. More people will not equal more money if the additional people have considerably lower incomes. Few people would also put less of a strain on services.
You cherry picked one city in a country with low crime. Let's talk about the US. How many cities of 1 million or more have low crime, good schools, and decent traffic compared to the number of cities of 1 million or more that do not have low crime, good schools, and decent traffic?