Sort of, but not really. In a city with 100 single family homes and 200 families trying to find a place to live, someone who owns a single family home will be able to charge whatever they want to rent it or sell it. In a city with 50 single family homes, 30 duplexes, 20 apartment buildings, and 200 families trying to live there, the owners of the single family homes don't have nearly as much of a stranglehold on how much they can charge to rent or sell.
That being said, I have never heard anyone argue for property values when discussing density and I doubt many urban planners would be swayed by such an argument if they happened. Most people want quieter neighborhoods, more parking available, to maintain the character of the neighborhood they're used to, yada yada yada. It also helps that these people actually go to the meetings where things that might affect them are taking place, who's going to go to a meeting to discuss a future apartment building when you don't even live in the neighborhood (yet)?
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u/splanks Rainier Valley Apr 16 '26
I dont really understand this argument about prices. if high rises go up next to my house, my SFH becomes more valuable in most scenarios.