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I’m sure I’ll regret asking, but I was a little surprised to see all the 4 and 6 plexes in the Arl Now article. I expected duplexes and 3 unit townhomes to dominate.
Anyone have the scoop on these plexes? Are they all 1 bedrooms and mostly going to be rentals? I’m curious. |
| Those in Lyon Park are going to be two bedroom two baths and rentals. If you know the builder, you know he needs passive income. |
Whatever was going to maximize income for the developers was going to dominate. It was always going to skew to 1-2 bedroom rentals. Notably, a type of housing we are not short of in Arlington. |
What’s the story with the builder |
What does this mean? He's super lazy and so needs an income stream that doesn't require working? Gambling habit? |
| Can you post a link to the article? |
| What are you talking about?? |
I think this is the article that OP was referring to. [url] https://www.arlnow.com/2023/07/06/new-more-than-a-dozen-missing-middle-permit-applications-are-in-the-works-so-far/ |
| A 6 plex on a tiny lot off george mason and Wilson where there’s hardly parking?? |
OP here. I guess I’m just wondering- who wants to rent there? What could the rent possibly be? Is it really people who want the schools? Why would you need to rent up there? |
That part of the road has a ton of rentals and the kids go to Barrett. It’s not super close to Metro but is close to a bus. It’s perplexing to me. Maybe 1br for 20 something recent grads still young enough to walk 15 mins to the metro and bars. |
So maybe the plexes are an alternative to group rental houses for bros??? |
| Sample size of 1, and it's an ADU not 6-plex, but the ADU in my neighborhood is a coveted rental. I imagine the proposed 6-plexes will be similarly-sized. |
I used to live in bluemont and plenty of young professionals rented in the neighborhood. Many of us walked to the metro. GM is probably a 15 min walk? It’s desirable for single professionals who want metro access and being relatively close to shops, restaurants, etc without living in a high rise. |
Why would you expect anything different? All SFH are now buildable lots. Maximizing profits (or penalty for the opportunity cost) you use your allotment. Moreover because this is all custom, high cost, there aren’t many people who can afford a SFH rent or own, so singles it goes to bring down the unit price. Then consider that the homes prioritized for this development are at the bottom of the market (entry level homes) which raises the barrier to entry and creates pressure on the remaining market. Everything about this scam works against affordability and homeownership. |