So some of you think all of dc should be 12-story cookie cutter apartment buildings. All as ugly as navy yard? To each his own, but who is going to live in these apartments? Who thinks the population of dc will triple in the short-medium term? It’s been stable for 40 years, at least! |
I don't think there is or will be demand. With the plan to convert office buildings into housing downtown, that will be an additional flood of units.
Townhouses would have demand. More tiny apartments? I don't see it. I think it is likely that the population of DC will drop in the short-medium term. With jobs shifting elsewhere and remote work going to increase when CRE leases are renegotiated, why pay the cost of living here that comes with so many downsides? This is not DC of 2010 with the majority of work in office and downtown. |
Agree that this is part of the value of zoning--and people need to be able to rely on it. Leaving vibrancy to developers is a poor idea. |
Well, it is a good thing no one is proposing to build an aluminum smelter or homeless shelter in Friendship Heights, then. Can you come up with an argument that isn't a total strawman? |
I guess I am not surprised to read something like this written by someone who purports to live in a Ward 3 single family house. Wow. |
Most of the office buildings downtown are not suitable for residential. The bank will take ownership and sell at 25 cents on the dollar so the next owner can raze and build anew. |
The basic zoning for Friendship Heights on Wisconsin Avenue is the same - high density because it is on a bunch of bus lines and a metro station. Building low density houses or townhouses on Wisconsin Avenue makes less than no sense. Really hard to understand why this is a difficult concept to comprehend. |
A new townhouse in FH, let’s say 2000 sf with a very small part of yard, would go for at least $800/sf so $1.6M. Someone who can pay $1.6M will want nicer finishes so they would more likely be closer to $2M. The poster calling for 200 tiny (1000sf or less) low end town houses under 1$M in FH is delusional. |
So, I get to buy a SFH next to your SFH, tear down my SFH, build a 12 story apartment or condo building, and destroy much of the reason why you bought your SFH. Yes, you can sell and obtain perhaps a higher value. But I have placed you in a very undesirable place-sell or live next to an ugly building. Those who support upzoning are many of the same individuals who opposed gentrification. |
No…not confused…you just don’t make any sense. |
So those people just leave town? |
Question is whether there would be a demand for 200 THs at $2M, or whether the quantity would force a decrease in price. Big difference between building 20 THs and 200 THs. As someone noted above, worst case is that all sell at $2M, resulting in a bunch of wealthy types living DC contributing to its declining tax base. |
But where’s the demand for so many condos? I’m genuinely curious given that so many are coming online and places like city ridge have struggled. |
Well your previous post was only about value…but if all the sudden we could all erect 12-story buildings the value of our homes would like triple or more. I will take that. |
If there's no demand for what the builders are building, the builders won't build it. |