David Blair for MoCo executive

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I’d like some evidence that he has taken leadership to promote development in his neighborhood, Takoma Park. Great platform for a guy to buy a house in a historic district and then go around the county forcing developers on everywhere else while his neighborhood and backyard is immune. Even for development like Takoma Junction, which is just a tiny retail building, he won’t even stand up in his own community and say that this is necessary. Conspicuous silence.

The City of Takoma Park has its own planning authority. The people who ultimately make the planning decisions in Takoma Park are the Takoma Park City Council, not the Montgomery County Council.

If he deeply believed in this, then he would try to convince his neighbors of its importance. Why has he remained silent on the biggest issue in his community which is directly relevant to his entire schtick?

I'm not a Riemer supporter, but that's an oversimplification.

When even anti-development Elrich makes a statement mildly in support of Takoma Junction during his campaign but Riemer has remained steadfastly silent, is it an over simplification? It really shows you what kind of person he is. Opportunist comes to mind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I’d like some evidence that he has taken leadership to promote development in his neighborhood, Takoma Park. Great platform for a guy to buy a house in a historic district and then go around the county forcing developers on everywhere else while his neighborhood and backyard is immune. Even for development like Takoma Junction, which is just a tiny retail building, he won’t even stand up in his own community and say that this is necessary. Conspicuous silence.

The City of Takoma Park has its own planning authority. The people who ultimately make the planning decisions in Takoma Park are the Takoma Park City Council, not the Montgomery County Council.

If he deeply believed in this, then he would try to convince his neighbors of its importance. Why has he remained silent on the biggest issue in his community which is directly relevant to his entire schtick?

I'm not a Riemer supporter, but that's an oversimplification.

If he won’t show leadership in his own neighborhood with his own community and his own neighbors then he is tacitly supporting their NIMBYism.

Or he's just generally demonstrating his lack of leadership on issues he ought to be leading on. Which actually is my objection to him.

[Anonymous]

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I’d like some evidence that he has taken leadership to promote development in his neighborhood, Takoma Park. Great platform for a guy to buy a house in a historic district and then go around the county forcing developers on everywhere else while his neighborhood and backyard is immune. Even for development like Takoma Junction, which is just a tiny retail building, he won’t even stand up in his own community and say that this is necessary. Conspicuous silence.

The City of Takoma Park has its own planning authority. The people who ultimately make the planning decisions in Takoma Park are the Takoma Park City Council, not the Montgomery County Council.

If he deeply believed in this, then he would try to convince his neighbors of its importance. Why has he remained silent on the biggest issue in his community which is directly relevant to his entire schtick?

I'm not a Riemer supporter, but that's an oversimplification.

If he won’t show leadership in his own neighborhood with his own community and his own neighbors then he is tacitly supporting their NIMBYism.

Or he's just generally demonstrating his lack of leadership on issues he ought to be leading on. Which actually is my objection to him.

Riemer is a landlord in Takoma Park. Keeping housing scarce in that area helps his bottom line.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Clearly Riemer has realized that he has exactly zero future job prospects in the private sector. This is why term limits is important folks, unfortunately it also affects Rice who I think does a good job.

It's interesting that the Real Estate lobby in this county keeps putting up primary challengers to Co. Exec. incumbents. Last time if was Doug Duncan, funded by Real Estate/Developer money challenging Leggett. This time it is Riemer, who will likely also be funded and owned by the same folks.

This actually probably will help to ensure that Elrich is re-elected, as it will split the anti-Elrich vote. Elrich already proved last time that he can defeat other Takoma Park challengers.

I think Blair is getting the developer $, not Riemer.

Well then Riemer has spent the last 4 years pandering to them for nothing. Sounds like Riemer. LOL. Like who is his actual base of support?

If you want somebody who's opposed to building additional housing, then you should vote for a second term for Elrich.

If you want somebody who led the effort to take money from school construction and give it to developers, vote for Riemer.

I'm voting for Blair. It's too bad Riemer will split the vote and Elrich will win a second term. Nice parting gift from Riemer to the citizens of Montgomery County.

Details on this?

School construction has two dedicated revenue streams, impact fees and recordation taxes. Riemer was the leading advocate to cut impact fees below cost recovery levels. That's a subsidy for developers. Oddly, even though he claims that he just wants housing to be more affordable, he also advocated for imposing new taxes on affordable housing but only in some parts of the county.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I’d like some evidence that he has taken leadership to promote development in his neighborhood, Takoma Park. Great platform for a guy to buy a house in a historic district and then go around the county forcing developers on everywhere else while his neighborhood and backyard is immune. Even for development like Takoma Junction, which is just a tiny retail building, he won’t even stand up in his own community and say that this is necessary. Conspicuous silence.

The City of Takoma Park has its own planning authority. The people who ultimately make the planning decisions in Takoma Park are the Takoma Park City Council, not the Montgomery County Council.

If he deeply believed in this, then he would try to convince his neighbors of its importance. Why has he remained silent on the biggest issue in his community which is directly relevant to his entire schtick?

I'm not a Riemer supporter, but that's an oversimplification.

If he won’t show leadership in his own neighborhood with his own community and his own neighbors then he is tacitly supporting their NIMBYism.

Or he's just generally demonstrating his lack of leadership on issues he ought to be leading on. Which actually is my objection to him.

Riemer is a landlord in Takoma Park. Keeping housing scarce in that area helps his bottom line.

Figures. When you peel the onion on this guy he just gets worse and worse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

No, the investors' expectation of 15 percent annual ROE for big multifamily projects is the big contributor.

And 15 percent MPDUs is the max required in the county, which translates into 30 MPDUs in a 200-unit project. In other parts of the county, it's 12.5 percent The spread between market rate and MPDU rent is not even that big in most buildings. The housing shortage is not caused by poor people. It's caused by bad policy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

If it were, the developers wouldn't proffer higher percentages of MPDUs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

There are more than two types of housing in the county.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

No, the investors' expectation of 15 percent annual ROE for big multifamily projects is the big contributor.

And 15 percent MPDUs is the max required in the county, which translates into 30 MPDUs in a 200-unit project. In other parts of the county, it's 12.5 percent The spread between market rate and MPDU rent is not even that big in most buildings. The housing shortage is not caused by poor people. It's caused by bad policy.

In Bethesda, if they provide 25% MPDUs they get an increase in FAR without additional payments.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

If it were, the developers wouldn't proffer higher percentages of MPDUs.

Because the county offers financial incentives.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

If it were, the developers wouldn't proffer higher percentages of MPDUs.

Because the county offers financial incentives.

Well, yes. That's the proffer part.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.

I suspect 15-25% MDPU requirements are a big contributor. Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.

If it were, the developers wouldn't proffer higher percentages of MPDUs.

Because the county offers financial incentives.

Well, yes. That's the proffer part.

No, it’s not a “proffer”.

[Anonymous]

Anonymous wrote:These GGW people are just as bad as the Critical Race Theory and Anti-Maskers. Derailing every thread on any subject to their nonsense.

The Montgomery County Executive has limited authority over zoning and land use.

Bump