“Missing middle”, “gentle density”, “granny flats”, “smart growth”, “”vibrancy.” It all sounds so nice. But it’s all BS spin. |
It won’t help the incel density bros much. |
Please add placemaking and third place to the mad lib. |
Arlington now uses Expanded Housing Options or EHO. Perhaps it is a play on HUD’s Equal Housing Opportunity but you never know with Arlington Co. |
Three townhouses yield more profit than one house. That’s not the builder’s concern. The best thing the three townhouses can do is get people to move from houses so that the builder can build more townhouses. MM is leveling up profits for builders. |
Sometimes this is true. In many places the McMansion will still deliver the higher yield. The wealthier the neighborhood is now, the more likely that the McMansion will be the higher profit margin building type. |
If you have ever lived in a SFH you won't move to s townhouse. Shared walls suck. |
To build and sell or rent? Most of the SFH would be owned, also all of any multiunits will be rentals. |
there is no way for you to know that |
Different people have different preferences. Not everyone is you. |
Build and sell. Rentals are an entirely different kind of investors, but we really shouldn’t be rooting for rentals. The anger with the housing market is most intense in the for sale market. That’s not to say there aren’t severe affordability problems at the bottom of the market but a lot of economic frustration arises from an inability to buy. Not all of it. A lot of it. |
How do you propose to establish a condo regime for a three to six unit building? |
I don't need to propose anything, because this actually exists. |
They do exist and they sound great. https://nerej.com/the-risks-of-buying-into-a-small-condominium-association-by-andre-tremblay |
The vast majority of small multifamily buildings like this are rentals. Small multifamily buildings usually have very expensive HOA fees because admin expenses are spread between a small number of units. They have to outsource HOA management to an external provider because it is not possible to hire full time employees for a small association. The legal retainer, admin management fees, annual audit, accounting services tax filing, and other required services just to maintain an HOA will easily be $1,000+ a month. Then include building maintenance, reserves, lawn maintenance. In total, monthly HOA fees for a quadplex or sixplex will easily start at $500+/month for a brand new unit. Furthermore, the risk adjusted return is more favorable when selling the plex building to an rental property investor. The MM units will provide very few ownership opportunities because most of them will be rentals. I work in the real estate industry and my clients are primarily real estate investors. This is common knowledge among actual investors/developers. People that claim MM units will provide ownership opportunities either don’t know what they are talking about or they are being dishonest. |