There is no housing crisis in MoCo or most of the DMV for that matter

[Anonymous]

Anonymous wrote:

Anonymous wrote: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's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.

That's because there is intense competition, and so they all sell quickly. Lots of people don't sit around whining, they get out there and make offers. You can check the sold listings. Houses like this:

https://www.redfin.com/MD/Silver-Spring/12106-Foley-St-20902/home/11025196

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.

That's because there is intense competition, and so they all sell quickly. Lots of people don't sit around whining, they get out there and make offers. You can check the sold listings. Houses like this:

https://www.redfin.com/MD/Silver-Spring/12106-Foley-St-20902/home/11025196

There are two housing crises. One is the shortage of deeply affordable units. For-profit developers aren’t building these, but YIMBYs would like you to think that they are. The other is the shortage of single family homes. YIMBYs want to reduce the stock of single family homes even more.

[Anonymous]

“That's because there is intense competition, and so they all sell quickly.”

So … a housing shortage?

LMAO

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.

That's because there is intense competition, and so they all sell quickly. Lots of people don't sit around whining, they get out there and make offers. You can check the sold listings. Houses like this:

https://www.redfin.com/MD/Silver-Spring/12106-Foley-St-20902/home/11025196

There are two housing crises. One is the shortage of deeply affordable units. For-profit developers aren’t building these, but YIMBYs would like you to think that they are. The other is the shortage of single family homes. YIMBYs want to reduce the stock of single family homes even more.

Deeply affordable housing is wonderful because it brings so much value to the community. The low income housing complex near my neighborhood has only had two murders in the last three years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.

That's because there is intense competition, and so they all sell quickly. Lots of people don't sit around whining, they get out there and make offers. You can check the sold listings. Houses like this:

https://www.redfin.com/MD/Silver-Spring/12106-Foley-St-20902/home/11025196

There are two housing crises. One is the shortage of deeply affordable units. For-profit developers aren’t building these, but YIMBYs would like you to think that they are. The other is the shortage of single family homes. YIMBYs want to reduce the stock of single family homes even more.

Deeply affordable housing is wonderful because it brings so much value to the community. The low income housing complex near my neighborhood has only had two murders in the last three years.

Evidently all of the people who live there aren't members of the community, as you define it.

[Anonymous]

Anonymous wrote:“That's because there is intense competition, and so they all sell quickly.”

So … a housing shortage?

LMAO

Of single family houses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When Bethesda, Silver Spring, Wheaton first experienced housing booms, those developments could legitimately characterized as sprawl. The people who decided to live there could have bought row homes in the city instead. The commute is longer now but it’s the same idea for Clarksburg and Frederick. Building more rentals in Bethesda won’t magically make single family home prices drop there. The best way to make single family home prices drop is to build more single family homes.

I guess it's very on-character for DCUM, though, to decide that to the extent there even is a housing crisis, it's about a shortage of detached uniplexes, and the solution is to build more detached uniplexes ... somewhere.

That part of the market has seen the biggest price increases. It’s simple supply and demand that detached uniplexes are where the greatest shortage/need is. Wouldn’t you agree?

No. There is no such thing as "simple supply and demand" in such a non-free market.

So it’s simple as supply and demand except when supply and demand provide an answer that you don’t like.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When Bethesda, Silver Spring, Wheaton first experienced housing booms, those developments could legitimately characterized as sprawl. The people who decided to live there could have bought row homes in the city instead. The commute is longer now but it’s the same idea for Clarksburg and Frederick. Building more rentals in Bethesda won’t magically make single family home prices drop there. The best way to make single family home prices drop is to build more single family homes.

I guess it's very on-character for DCUM, though, to decide that to the extent there even is a housing crisis, it's about a shortage of detached uniplexes, and the solution is to build more detached uniplexes ... somewhere.

That part of the market has seen the biggest price increases. It’s simple supply and demand that detached uniplexes are where the greatest shortage/need is. Wouldn’t you agree?

No. There is no such thing as "simple supply and demand" in such a non-free market.

So it’s simple as supply and demand except when supply and demand provide an answer that you don’t like.

The supply and demand answer is build more single family houses. This is what people want to buy.

[Anonymous]

To the extent upzoning of SFH neighborhoods happens, everything that is built there should have to be at least 3 bedrooms and about 1,500 square feet. Otherwise, it is just making the current situation worse for anyone looking for at least a 3 bedroom home. Keeping things as they are would be better for anyone trying to buy than having 1 or 2 bedroom units on these lots. Better to have fewer new units built that actually do something about the purported problem. And yeah, I know many don’t see a problem.

There is no shortage of 1 and 2 bedroom condos. In inflation adjusted terms, condos in Silver Spring sell for less now than 10 years ago. They are barely more in non-inflation adjusted terms.

[Anonymous]

Anonymous wrote:To the extent upzoning of SFH neighborhoods happens, everything that is built there should have to be at least 3 bedrooms and about 1,500 square feet. Otherwise, it is just making the current situation worse for anyone looking for at least a 3 bedroom home. Keeping things as they are would be better for anyone trying to buy than having 1 or 2 bedroom units on these lots. Better to have fewer new units built that actually do something about the purported problem. And yeah, I know many don’t see a problem.

There is no shortage of 1 and 2 bedroom condos. In inflation adjusted terms, condos in Silver Spring sell for less now than 10 years ago. They are barely more in non-inflation adjusted terms.

They could just incentivize and subsidize the construction of 3-4 bedroom multi unit housing in properly zoned areas rather than proceed with this wacky upzoning scheme.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.

That's because there is intense competition, and so they all sell quickly. Lots of people don't sit around whining, they get out there and make offers. You can check the sold listings. Houses like this:

https://www.redfin.com/MD/Silver-Spring/12106-Foley-St-20902/home/11025196

There are two housing crises. One is the shortage of deeply affordable units. For-profit developers aren’t building these, but YIMBYs would like you to think that they are. The other is the shortage of single family homes. YIMBYs want to reduce the stock of single family homes even more.

Deeply affordable housing is wonderful because it brings so much value to the community. The low income housing complex near my neighborhood has only had two murders in the last three years.

OK, and?

[Anonymous]

Anonymous wrote:

Anonymous wrote:To the extent upzoning of SFH neighborhoods happens, everything that is built there should have to be at least 3 bedrooms and about 1,500 square feet. Otherwise, it is just making the current situation worse for anyone looking for at least a 3 bedroom home. Keeping things as they are would be better for anyone trying to buy than having 1 or 2 bedroom units on these lots. Better to have fewer new units built that actually do something about the purported problem. And yeah, I know many don’t see a problem.

There is no shortage of 1 and 2 bedroom condos. In inflation adjusted terms, condos in Silver Spring sell for less now than 10 years ago. They are barely more in non-inflation adjusted terms.

They could just incentivize and subsidize the construction of 3-4 bedroom multi unit housing in properly zoned areas rather than proceed with this wacky upzoning scheme.

We don't have the infrastructure in terms of roads, schools, etc. to have more multi-unit housing. Schools are overcrowded and over capacity. When is enough enough? There are tons of vacant apartments as they are expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When Bethesda, Silver Spring, Wheaton first experienced housing booms, those developments could legitimately characterized as sprawl. The people who decided to live there could have bought row homes in the city instead. The commute is longer now but it’s the same idea for Clarksburg and Frederick. Building more rentals in Bethesda won’t magically make single family home prices drop there. The best way to make single family home prices drop is to build more single family homes.

I guess it's very on-character for DCUM, though, to decide that to the extent there even is a housing crisis, it's about a shortage of detached uniplexes, and the solution is to build more detached uniplexes ... somewhere.

That part of the market has seen the biggest price increases. It’s simple supply and demand that detached uniplexes are where the greatest shortage/need is. Wouldn’t you agree?

No. There is no such thing as "simple supply and demand" in such a non-free market.

So it’s simple as supply and demand except when supply and demand provide an answer that you don’t like.

The supply and demand answer is build more single family houses. This is what people want to buy.

So, if more SFHs are wanted, why is the County pushing upzoning.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.

That's because there is intense competition, and so they all sell quickly. Lots of people don't sit around whining, they get out there and make offers. You can check the sold listings. Houses like this:

https://www.redfin.com/MD/Silver-Spring/12106-Foley-St-20902/home/11025196

There are two housing crises. One is the shortage of deeply affordable units. For-profit developers aren’t building these, but YIMBYs would like you to think that they are. The other is the shortage of single family homes. YIMBYs want to reduce the stock of single family homes even more.

Deeply affordable housing is wonderful because it brings so much value to the community. The low income housing complex near my neighborhood has only had two murders in the last three years.

At least you don’t have them under the same roof. We rented in Arlington and we’re not told there were set aside affordable units in the expensive condo building. We are in the 11th month of a 12 month lease and are moving to a small condo in Falls Church which limits the number of rentals.

All the fires, arrests, break ins, stolen packages, fire alarms, pool clearings, police calls were down to the affordable unit people. They also grabbed food meant for others from drivers that we nowvhave to go to the delivery person’s car to get a delivery.

This was $2,400 a month in North Arlington so it wasn’t a slum.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When Bethesda, Silver Spring, Wheaton first experienced housing booms, those developments could legitimately characterized as sprawl. The people who decided to live there could have bought row homes in the city instead. The commute is longer now but it’s the same idea for Clarksburg and Frederick. Building more rentals in Bethesda won’t magically make single family home prices drop there. The best way to make single family home prices drop is to build more single family homes.

I guess it's very on-character for DCUM, though, to decide that to the extent there even is a housing crisis, it's about a shortage of detached uniplexes, and the solution is to build more detached uniplexes ... somewhere.

That part of the market has seen the biggest price increases. It’s simple supply and demand that detached uniplexes are where the greatest shortage/need is. Wouldn’t you agree?

No. There is no such thing as "simple supply and demand" in such a non-free market.

So it’s simple as supply and demand except when supply and demand provide an answer that you don’t like.

The supply and demand answer is build more single family houses. This is what people want to buy.

So, if more SFHs are wanted, why is the County pushing upzoning.

In Arlington it was to fulfill the dream of the former County Board Chair to bring Missing Middle housing to Arlington Her dream fulfilled, she is now working for a supposed non profit in Tysons.

She also was one of the board members who bought into the Amazon lie and continued to base Arlington’s economic future on office buildings.

Now Amazon is not meeting its development promise, the office building vacancy rate is 42%, Arlington has a large budget shortfall, and is cutting employees. They are crowing about getting Co Star to move from DC to Arlington but the company is based on commercial real estate. It’s like getting the buggy whip manufacturers to expand their business when people coukd buy a Model T.