MM wasn’t meant to be “affordable housing”. It’s providing a cheaper alternative to the $$$$$ SFHs. |
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My builder is putting townhouses in the EHO townhouses he is building for that reason. He wants to appeal to affluent boomers who want to stay in or near their old neighborhoods. Because of the lot restrictions, garages will have to be built under the houses, and elevators will go from the garage to the three upper floors. The prices will be higher, but affordable. |
| ^^ putting elevators in the EHO townhouses |
| Not surprising at all. 1.6M is fair given what single family homes cost in that area. Move to Burke if you want a cheaper townhome. |
Deep YIMBY thoughts. Well, sort of…I doubt that it’s YOUR yard. |
YIMBYs don't have yards and want to make sure no one else does either |
| These places will NEVER increase in value. They will sell for the same 10 years from now. |
You’re wrong. Either way, the people who are buying these are not buying an investment property. They’re buying a lifestyle only a location (without being in the city ) like that can offer. They’re most likely downsizing empty nester looking to enjoy the next phase of their lives. They have money that’s why almost all of the units are under contract 4 months prior to completion. These are the ideal downsizing homes, preferred over a condo. |
I have a big yard and I’m ok with the concept of MM. I’d like to restrict construction of all new residences though (SFH or MF) - reduced lot coverage & better tree protection. And off street parking. |