Great. So a neighborhood will be negatively impacted by greedy developers squeezing triplexes into SFH plots (which in Silver Spring and Wheaton) aren’t that big and then they don’t sell so everyone’s property value goes down. But I guess this is what YIMBYs want? They don’t want to save and scrimp for that house they want to ruin other people’s neighborhoods and get houses dirt cheap. |
PP here. Thank you for this. Very helpful. I can read the case, and I will. But generally, does the bolded mean that a SF zone can be created in an area that formerly allowed for multi-unit, so long as the property owner can derive sufficient economic value from that zoning? Meaning it has to be profitable to build a single family home on that lot? |
I am a bit confused about these greedy developers building housing they can't sell. Wouldn't greed motivate them to build housing they can sell? Or is there some secret formula whereby greedy developers make more money building housing they can't sell than housing they can sell? |
Because they are going to be developed primarily as rentals. Was that really so confusing? |
Who will own these rentals? |
Not PP, but I am confused. You are saying the developers that buy the lots that had single family homes and build a multi-unit will not be able to sell them at all? They will hold them and rent out? Isn't it more likely they will sell to a management company/landlord? And either way, how do either of those things mean that property values go down? |
You people do not seem to get it. They want renters. They could care less about the property ladder. They care about equality and there will never be enough houses for everyone e to own. |
This is very confusing. "They want renters", who is 'they'? What is the property ladder, and why do we care about it? If there will never enough houses for everyone to own, then isn't it good for there to be housing for people to rent? And what is the involvement of the greedy developers? I really don't get it. |
No, if they're not going to sell, then they're not going to get built in the first place. But they will sell, because there's a housing shortage. You can't make more space, so higher density is the only reasonable option. |
How does living next to an apartment building "undermine the integrity and quality" of your life? Are you really just saying you don't want to live next to black and brown people, or anyone that might be lower income? Because don't worry, those new apartments and townhomes will probably cost more than your crappy cape cod. |
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The usual answer is some combination of garages and parking permits. This isn't new. Look at NW DC. Such a ghostown for the reasons you've cited. And look at how low those property values have gone in the neighborhoods off Connecticut and Wisconsin! |
Because you don't want to live next to a property where the owner might build an apartment building? I mean, I wouldn't move, under those circumstances, but it's up to you. I also don't understand how a duplex or small apartment building would undermine the integrity and quality of life of middle class/working class neighborhoods. Would the neighborhood no longer be a neighborhood? Or no longer be a middle class/working class neighborhood? Or? What does "the integrity of middle class/working class neighborhoods" mean? |
It means safe and quiet and clean. Multifamily housing by definition destroys this. Crime will go up, trash will accumulate and nuisance noises will increase exponentially. |
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