Missing Middle middle finger -- seller insists on SFH restriction
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Anonymous
It’s almost painful having a discussion with proponents of MM who don’t understand how the economy works. Your real estate valuation didn’t go up because of MM. It would be too early for that as MM is untested and developers have no idea if it will work. You wouldn’t see an impact yet. And also, relative to other DMV areas (all without MM), it didn’t really go up that much. In % change in average median sold price from 2023 to 2024 Oakton was up 31%. Then came Annandale, Fairfax Station, Vienna, Fairfax, Burke, Fairfax County, Great Falls, Lorton, Reston, Alexandria, Centreville. Arlington clocked in after all of these towns at 7.8%. If I were stupid, I would point to this and say “look Arlington is less desirable than those 12 towns because of MM!” But that’s not how the economy works. https://www.foxessellfaster.com/blog/washington-dc-metro-real-estate-market-april-2024-insights-and-analysis/ |
Anonymous
You truly can’t understand the difference between a single family house with 2 kids and a garage and apartment building?A minimum of 12 cars with 6 or less parking spaces. A dumpster of garbage placed right by your fence and 18 neighbors as opposed to 4. Enjoy! |
Anonymous
You have to get lucky that you have a neighbor who is just completely obsessed with this issue (there are people out there, so not saying it is impossible). I assume 99% of people have no interest in getting involved in the legal process, possible counter-suit, etc., Now, you might be able to get everyone on the block to throw in their equal share...though you just have to accept there will be free-riders who aren't contributing a dime (but will give you their moral support). |
Anonymous
| There are lawyers who do it for free because it's their block. |
Anonymous
Wow, hard to establish cause and effect but it seems possible that MM is hurting Arlington real estate. |
Anonymous
I think everyone understands your life is (negatively) impacted by having a larger apartment next door to you, but come on. You’re acting like it is catastrophically impacting your quality of life. It really isn’t. Take one for the team. Your home will still appreciate. |
Anonymous
As soon as they line Langston Blvd. with affordable rental apartments, Lyon Village will revert to where it was in the 1960s and 1970s -- group houses for Georgetown students, owned by batty people who inherited the house from their granny, and GS 12s who could afford to live in the houses because they need so much work. |
Anonymous
The great liberal Franklin Roosevelt took the land from the blacks in Queen City to create the road system for the Pentagon and put them in squalid trailers with no sanitation. His wife, the great liberal Eleanor Roosevelt, supported the FHA program which restricted the program to white home buyers. Madame Roosevelt even came to Arlington to congratulate the first white homeowners who purchased their home in Arlington with an FHA insured loan. Now Arlington is clearing Green Valley, Halls Hill, Highview Park and Johnson Hill for developers. The great white liberals, especially the YIMBYs, are all about making affordable housing. |
Anonymous
Lyon Village is the most expensive neighborhood per square foot in Arlington. Because it's so walkable, it has the least to lose in all this haphazard planning. I would be more worried if I lived in a neighborhood in 22207 that is getting random apartment buildings. |
Anonymous
Do you mean market rate apartments or Affordable Housing? As a practical matter, nobody can build 100 percent Affordable Housing complexes (CAFs) in places where they don't already exist. Where these type of buildings already exist, they can be redeveloped to include more units. But any new buildings that aren't currently Affordable Housing buildings with a will be luxury rentals with a paltry amount of Affordable units sprinkled in (if this ever even happens, which for a variety of reasons, is unlikely as proposed). |
Anonymous
Some of us live in our homes and plan to do that until we age out. The appreciation isn't the main thing. Nice but quality of life is more important. Home isn't biggest asset. Paid off long ago. |
Anonymous
Yeah, that doesn't really seem like an enforceable thing. Also, the arrogance of the seller. Jesus. |
Anonymous
Why would a developer buy a lot with a covenant and spend money to fight it? The margins are thin and there's tons of money to be had selling a SFH. This is the kind of stuff that muddies the water enough to make a developer move on to another lot (or just build a SFH). |
Anonymous
It will negatively impact my life and that’s why I moved to my quiet neighborhood. I used to live in an apartment in Clarendon. I don’t want to live that way anymore. And it’s absurd to say take one “for the team.” You must be a troll. Also, people like me aren’t worried about appreciation. We have other investments. All our money isn’t tied up in our Arlington $hit shack. Here’s the BEST part, I can easily sell my 2.7 million dollar house and move to McLean. And the more MM that is built, that’s exactly what people like me will do. And property values will go down as Arlington becomes less desirable. More MM will be built and it will be a cycle. And viola, you’ll soon be living in Alexandria! |
Anonymous
| Good for them. I bet most sellers will be too greedy to do this though. |