There is no housing crisis in MoCo or most of the DMV for that matter
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Anonymous
Not for SFHs in Montgomery Village, Germantown, Laytonsville, or Damascus, there aren't. In realtor.com: 0 in Montgomery Village 2 in Germantown (the $400,000 short sale, plus a contingent listing for $495,000) 1 in Laytonsville (the $499,900 one) 4 in Damascus, because realtor.com seems to define "Damascus" more expansively than Redfin: $499,900; $359,500 for 2BR/1BA, 773 sf; $400,000 for an uninhabitable house, cash only; $345,000 for 2BR/1BA, 774 sf. |
Anonymous
There are literally a handful of houses for households making median income, if they want to commute for an hour+ and be house poor at the same time. I can't believe people are complaining! |
Anonymous
Don't forget the one they can't even live in. https://www.realtor.com/realestateandhomes-detail/10104-Clearspring-Rd_Damascus_MD_20872_M69472-35563?from=srp-list-card INVESTOR ALERT - HOME SOLD AS IS; NO REPAIRS MADE BY SELLERS. Estate Sale. Excellent opportunity to rehab a 4BD/2.5 home in the heart of Damascus, with easy commute to DC and surrounding area. Huge lot backing to trees. Large rooms with main-level ensuite primary bedroom. Hardwood floors have been covered for nearly 30 years. Eat-in kitchen. Swimming pool, but it needs work too. Two-car garage. Main sewer line is clogged. The home will not qualify for regular financing. Cash or rehab loans only. |
Anonymous
Omg, you poor baby. You deserve a SFH. What's wrong with an apartment, condo, or TH? |
Anonymous
Again this is pointing to a SFH shortage, not a shortage of what they're trying to pass laws to build |
Anonymous
So, they can’t afford a SFH, but (per the PP) there are many alternatives for sale. What’s the issue here? If there is an issue, what policies will create more SFH? Seems that the YIMBYs are trying to change zoning to build units in SFH areas when, apparently, there is already plenty of supply of townhomes, etc. |
Anonymous
Remember this?
It's wrong. |
Anonymous
This PP? The one who posted: "Most of Moco is actually very cheap once you get about 25 minutes outside the beltway. Not many places that are less than an hour outside a major global city where you can buy SFHs for under 500k. There are TONS in Germantown, Montgomery Village, Laytonville, Damascus, etc "? That one? |
Anonymous
This is what I don’t get. Yes, many folks cannot buy a SFH in this area. Whenever the YIMBYs clamor for more housing, this is what they reference. But SFHs are not what is being built, townhomes and condos are. So the reality is, those who cannot afford a SFH in this area can either buy a condo or townhome, or go somewhere else, because the era of new, cheap SFHs developments has passed. OR they could wait it out because there are still a lot of neighborhoods that have not really turned over yet. We have friends who have a really nice house and big yard in a northern silver spring neighborhood. Their DCs are the only kids on their street! When they purchased a few years ago, they thought they were at the beginning of a turnover wave and it hasn’t happened yet. Their boomer neighbors are all staying put for now. |
Anonymous
That might be what you're hearing, but it's not what they're saying. Also, "their boomer neighbors are all staying put for now" is ALSO part of the housing crisis. First of all, you can't make the boomers move if they don't want to move. And second of all, even if the boomers want to move, there is a shortage of housing they want to move to. The housing crisis does not begin and end with middle-class couples in their 30s or 40s who have children under 18 at home. |
Anonymous
Nope, what's wrong are your expectations. Plenty available: https://www.zillow.com/homedetails/3831-Hamilton-St-F-101-Hyattsville-MD-20781/37516870_zpid/ https://www.realtor.com/realestateandhomes-detail/222-Farragut-St-NW-Apt-203_Washington_DC_20011_M68787-31037?from=srp-list-card https://www.realtor.com/realestateandhomes-detail/505-Kennedy-St-NW-Unit-202_Washington_DC_20011_M96260-08366?from=srp-list-card https://www.realtor.com/realestateandhomes-detail/1805-Carters-Grove-Dr_Silver-Spring_MD_20904_M54240-95664?from=srp-list-card Plenty of options available. Boo hoo, you can't afford a 3000 sqft, 4 bedroom home, with a garage and a yard. Stop feeling so entitled. Plenty of affordable and nice condos are available with 2 bedrooms, which is all anyone needs anyway for a family of 4. Billions of people in the world live in that kind of space. |
Anonymous
None of those listings are houses, and three of them aren't even in Montgomery County. Are there plenty of houses under $500,000 in Montgomery Village, Germantown, Laytonsville, or Damascus? No, there aren't. In fact, I'm guessing the person who made that assertion thinks of Montgomery Village, Germantown, Laytonsville, or Damascus as basically Here Be Dragons. Is there housing you can buy, in the DC area, for less than $500,000? Yes, there is. Nobody has said there isn't. |
Anonymous
Who said you need a SFH? You people are nuts expecting to buy cheap SFH for under $400k in the most expensive areas of the country. Who cares if some are in PG vs DC vs MoCo? It's virtually all the same anyway. No one is owed cheap homes for under $400k in these parts. The only crisis going are are peoples' bloated expectations for what they can afford and what is 'good enough' for them. There is plenty of housing. We simply have an overabundance of ridiculous expectations. |
Anonymous
The PP at 10:38 am today.
There is actually not "plenty of housing" but rather a national housing shortage. |
Anonymous
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Does the free market also makes sure there is a steady stream of people from poor countries coming in to work at those wages, under the table if necessary? Because that's a big part of what's going on. Wages would rise if you couldn't just keep bringing in someone else to do it for less. no, joe biden does that! |