There is an absolute flood of 1 bdrms in DMV. We need 3+ apts and sfhs to provide "options" |
Wait does that whole building things making them cheaper apply to SFH too? If so, what will happen to the price of SFH if we have less of them? |
The logic is that they want to put home ownership out of reach for more people, create more headroom for rents to increase because SFH will be more expensive, and consolidate ownership in the hands of a few so that they have more pricing power. Not everyone who supports the plan agrees with or even recognizes the underlying logic but those who started pushing this idea in the first place definitely do. |
They also hate puppies and warm socks, and they want to force everyone to put pineapple in their pizza. They're just the worst. |
No. Why would it be? I keep reading stuff on this thread like "I would love to live in Hawaii, but I can't afford it, oh well." Why wouldn't that apply here? |
It’s a little misleading though to talk about SFH prices and suggesting that new rental apartments will make SFH prices lower. Apartments for rent have never put downward pressure on SFH prices in this county. The rental apartment market has been in balance or loose more often than not and the purchase market has been tight more often than not. We get more out migration from lack of SFH than we get from lack of rentals. The housing market is complex and the details matter. |
The only housing in Montgomery County that matters is detached single-unit housing, and the only people in Montgomery County who matter are people for whom the only acceptable housing option is buying a unit of detached single-unit housing to live in as one household, with at least one child under age 18. By the way, there is detached single-unit housing that is rentals, right here in Montgomery County! Did you know that? |
Yes, I’m tracking. Did you know that SFH made up about a quarter of the rental housing stock in MoCo in 2021? |
Meaning that 25% of the rental housing units in Montgomery County are detached houses? |
SFH does not mean detached. |
Ok, so 25% of the rental housing units in Montgomery County are detached or attached houses? Here's what I'm seeing: 33% of housing units in the county are rental units. Over 70% of units in multi-unit buildings are rental units; 8% of single-unit detached buildings are rental units; 23% of single-unit attached buildings are rental units. https://montgomeryplanning.org/wp-content/uploads/2017/07/RentalHousingSheet.pdf Maybe "23% of single-family attached are rentals" is what you were thinking of? |
HUD: In 2019, approximately 26 percent of all renter-occupied units were single family homes. Because of planning’s failure to stimulate housing production, the housing makeup hasn’t changed much since then, sport. Another interesting insight from HUD: In 2021, it forecast that SFH demand would outpace production by more than 6x through 2024. It forecast that rental demand would outpace production by about 2x. The SFH housing crisis is much worse than the rental crisis. I didn’t say that. HUD did. HUD doesn’t update as often as planning but HUD is more objective. |
Dude, things are expensive because of their location, not the type of house. lol. |
So if we tear down high rises and put SFH there the price of the SFH will be the same as the existing apartment unit? Cool. |
Can you please explain this to me? It came up earlier in the thread and I don't get it. Current SF zoning means one unit on a lot....so detached. One of the proposals is to allow duplexes and triplexes on lots that currently only allow one unit (SFH). So can you give me an example of a SF unit that is attached? |