When there is too much development, that will drive the market down would it not? What I am seeing happen is the only thing anybody in these towns want build is single family homes on big lots of land to "preserve" the character. Well, if you own an acre of land and can build one house on it would you put up a 1250 square footer to rent out for cost to lower income families or would you build a 3500+ square footer that could put half a million in your pocket the day it was built. We just had this very thing happen in my town in August. A developer wanted to buy up some land and start building a bunch of ****. Including some affordable stuff. But the town killed it faster than you can blink, because its public access land where they go pick their huckleberries or some ****.
This is what happens in these little mountain towns. Check out these 2 articles from Whitefish. I just looked this up and its exactly what I mean. Please read them both completely. It explains what I am talking about. They fight every damn thing that comes along.
https://flatheadbeacon.com/2021/10/...t-project-confronts-whitefishs-growing-pains/
https://whitefishpilot.com/news/2021/oct/27/volume-comments-pushes-planning-board-decision-lar/
Article 1 from October 18 2021 shows a Whitefish housing development proposal for 318 housing units, 32 of which will be deed restricted for local residents that only make 60-80% of the areas median income. Quote : “In the Whitefish 2007 Growth Policy, it says we need a place for teachers, police officers, firefighters, sales and servers — the people we depend on,” Barnett said. “I can prioritize rent for those who work in Whitefish, because we (AMG) manage our own rental communities.”
Article 2 from October 27 2021 shows that the zoning board had to push the meeting because of the "volume of comments" against the proposal. The biggest complaint... Traffic. So instead of being able to zone the housing for affordable condos and townhomes, the residents will fight it. As one of the commenter says, the developer will instead build multimillion dollar vacation homes if they don't approve it.
I don't doubt your friends take, but the reality is these people have lived in a bubble. Maybe it's the Texas in me, but I am used to the city rallying behind developers and usually giving tax incentives when they want to build some ****. Whitefish has a population of 7,000ish. A 300+ home development will make a dent. Yes its high density housing, but that's what affordable housing looks like today.You sell bonds to improve infrastructure or privatize the services. It's honestly no different than any other town in the country faces during growth.
ETA. Not arguing Madman. I think it's a matter of perspective. Coming from an area (Texas) that embraced and supported growth, its almost comical to see people fight it so hard. Then I think about a place like Mississippi that is dying to grow and imagine how much they would support it.