YIMBY Pushes For More Development In Southern California

by stephanieargyros on September 20, 2017

in Latest News

construction-site-build-construction-work-159358

It’s a twist in a longstanding argument about real estate supply vs. demand in California.

YIMBYs—typically young urbanites willing to “say yes in my backyard” to Southern California developers—agree that more residential developments of all types are needed. This includes subsidized housing developments for poor and for-profit developments for well-off residents.

NIMBYs—those who advocate “say no in my backyard” argue against urban sprawl. They believe that housing developers are “greedy bloodsuckers.”

What Do YIMBYs Want?

In comparison, YIMBYs want new housing tracts, apartment blocks, and shopping centers. Reports say the YIMBY groups have appeared in recent years across the country, especially in high-rent cities like San Francisco, New York, and Boston. As Southern California housing costs have shot upward in recent years, the YIMBY movement has appeared in Southern California.

Who Are the YIMBYs?

YIMBY Groups, including “Abundant Housing LA,” “People for Housing” and “Santa Monica Forward” advocate for more housing for all.

Where Are YIMBY Groups Forming in California?

Home prices and rents are more relatively affordable in the Inland Empire. However, YIMBY groups have formed in Santa Cruz and San Diego. An Oakland activist backed by high-tech supporters started “California YIMBY,” a lobbying group.

Are YIMBYs “Pro-Developer?”

YIMBYs are a new element in California’s housing crisis. The state legislature, the Southern California Association of Governments, the California Realtor Association, and the governor’s office are discussing solutions. According to Ben Metcalf of the California Department of Housing and Community Development, the state must boost housing by a minimum of 100,000 units per year.

Although YIMBY spokespersons say the groups are part of a nationwide “grassroots” movement, NIMBYs argue that they’re “pro-developer” or just misguided.

YIMBY groups argue that they’re after housing that’s affordable.

It’s certain that demand outpaces supply for luxury homes in an exclusive neighborhood like Newport Beach. Call one of our real estate professionals at The Argyros Group today at 949-500-4470.

Newport Beach Home Search Newport Beach Home Values

Post by Stephanie Argyros

Stephanie has written 252 articles.

Leave A Reply With Facebook

Previous post:

Next post: