It’s a crisis that there are no SFHs in commuting distance to jobs with good schools

[Anonymous]

That normal people can afford.

[Anonymous]

Not everyone needs to live in Arlington or Bethesda.

[Anonymous]

What is your proposed solution?

[Anonymous]

Or like maybe your precious child will be perfectly fine at a GS 6 school.

[Anonymous]

Yes it is.

[Anonymous]

LMAO. It’s a crisis that you can’t find a million+ dollar SFH home in a nice neighborhood.

A crisis. SMH.

[Anonymous]

Anonymous wrote:What is your proposed solution?

DP
Tax second and third and fourth homes out the wazoo.
Higher Tax on investment properties
Restrict the amount of money non-citizens can spend on real estate.
Restrict corporate ownership of SFH
Restrict foreign countries from owning property in the US
Better enforcement of money laundering in real estate

I’m sure there are more.

[Anonymous]

No, it’s not a crisis. You adjust your expectations for type of housing, commuting distance, or “good schools” for normal people (whoever they are).

[Anonymous]

Why do you need a SFH? Are you too good for a townhouse?

[Anonymous]

I heard this in 1988 when I moved to the DC area. You don’t always get what you want.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is your proposed solution?

DP
Tax second and third and fourth homes out the wazoo.
Higher Tax on investment properties
Restrict the amount of money non-citizens can spend on real estate.
Restrict corporate ownership of SFH
Restrict foreign countries from owning property in the US
Better enforcement of money laundering in real estate

I’m sure there are more.

Any evidence that the close-in SFH market is actually heavily affected by these things? Second homes in cities are mostly condos, as are foreign-owned properties. Corporate ownership of SFH is a thing, but it's much less of a thing here than in most other cities, and those houses are still being rented and occupied by families.

At some point you need to increase the supply of properties that meet your criteria. Should we divide existing lots? Increase transit to further-flung suburbs? Invest in schools to make more of them "good"? You can't just fit more homes into the same space without changing something.

[Anonymous]

What is your HHI and what do you deem affordable? We have people posting here with a 200k+ HHI who think only a house under 500k is affordable.

There are houses in good areas that are under $750k, but they don't have updated kitchens, nice finishes, huge yards, etc.

[Anonymous]

It’s called PG County

[Anonymous]

I heard this in 1988 when I moved to the DC area. You don’t always get what you want.

+1 It was 1989 for us. Got a townhouse in Springfield, VA. Commuted to DC. I think the kid turned out fine.

[Anonymous]

Anonymous wrote:What is your proposed solution?

High speed rail