This exactly! Housing shortage? Explain why there are tons of empty apartments/condos/townhouses all over the county. I drive all around the county for work and there are available units everywhere. It is really difficult to sell a condo in the current housing market because there is such a glut of units for sale. |
As a general rule, "stuff I see through my windshield when I drive around" doesn't really count as data. This does count as data, and it says you're wrong: https://gcaar.com/docs/default-source/montgomery-county-market-reports/mccc1218.pdf?sfvrsn=1a2af393_2 |
Explain why prices are so high if there's a glut in the market, please. |
That doesn't mean that ZTA 19-01 should be adopted. Please note that it includes zero provisions for affordable housing. The county would be better off increasing the number of MPDUs. ZTA 19-01 is a gimme for developers. They're great at marketing because they've figured out if they pretend to be concerned with affordable housing, that it gives Reimer et al some social justice cover to ram this through. |
Some landlords prefer not to rent if they can't get a certain price. They want a high price and lock you into a lease. They're not pricing these things to move. They're pricing for longer term income and they want a solid tenant. |
Why would your property be devalued and your enjoyment of your property be compromised? Especially if you're living in a neighborhood with lots big enough to accommodate a 2400 sf house PLUS a 1199 sf house that both meet the setback and property coverage requirements. As for "investors can do it" - the regulation requires that owners of ADUs must live in the principal residence. Also, it's not true that as current law stands, you can already set up a basement apartment for rent. You can in some areas, but in most areas, you can't. Here's a link to the fact sheet: https://www.montgomerycountymd.gov/OZAH/Resources/Files/pdf/2015/class3accyapt_factsheet.pdf |
You're telling me that housing costs are so high because landlords are pricing rental apartments to stay vacant. |
NO you did not just post a monthly report for December and claim it as useful data. You need several years at least worth of annual data or it is not useful information. |
You know what makes housing more affordable? Increasing the supply of housing. MPDUs are good. ADUs are good too. Let's do both. |
Nope, I didn't. The monthly report for December has the annual data for 2018. You can find the reports for previous years on the same website. |
No, I'm not saying that. I'm explaining that they are willing to wait until they find a reliable tenant who can pay what they have decided their property is worth. |
ADUs already exist so we're already doing them. And using the term ADU for what is being proposed makes them sound innocuous when they're not. |
Two scenarios are possible, with your explanation. Scenario 1: The landlord is setting the rent at market value and waiting for a reliable tenant. In a reasonable span of time, a tenant comes along who is willing and able to pay that rent, because it's the market-value rent. Scenario 2: The landlord is setting the rent at above market value and waiting for a reliable tenant. But there are no reliable tenants who are willing and able to pay that rent, because it's above-market-value rent, and they can go somewhere else and pay market-value rent. So the apartment stays vacant. Now there certainly are some dumb landlords, who would rather have an apartment stay vacant for a long time than reduce the rent they're asking for. And there are certainly some dumb tenants, who are willing to pay above-market-value rent (or can't figure out that it's above-market-value rent). But there is not an entire rental market worth of dumb landlords and dumb tenants. |
You're right. Let's do more. I'm don't understand how the term "ADU" (which stands for Accessory Dwelling Unit) sounds inappropriately innocuous. |
There is a difference between an attached ADU and a detached ADU. Both are already available but an attached ADU was more available in the county because you can convert your garage or your basement to an apartment. Detached ADUs (entirely separate living structure in your backyard or elsewhere on your property) could be established on larger lots in the county. Now Riemer wants detached ADUs throughout the county, on lots as small as 6,000 square feet. This will mean more power and sewer lines, 32 foot long trailers (yes, that is being discussed), two story houses in backyards and nobody on the council wants to talk about the details. They just want to ram it through. Their work is sloppy. |