Arlington Donaldson Run MM Triplex

[Anonymous]

Anonymous wrote:I love how people are losing their minds over one three-unit townhouse complex on their street. I'm in the Penrose neighborhood (South Arlington) and we are the epitome of Missing Middle. On my street we have old duplexes, old apartment buildings of various sizes, subsidized apartments, a large apartment complex, and older single family houses. I'm living in an eight-plex and somehow all of us in the neighborhood are getting along just fine. You take this same concept north of the Langston Blvd are people are going nuts about it.

I agree that south Arlington gets the dregs, and don’t condone it, but don’t see why we have to spread problems north rather than fixing them down south.

Hmm, of course you like being the recipient of an 8-plex. What schools are more crowded? So Arlington. Where is traffic worse? So Arlington. Where is flooding worse, so Arlington. The infill building has contributed to all those issues.

[Anonymous]

Anonymous wrote:what if they are nicer than the SFHs?

They certainly will be. There are some dumpy homes around there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

[Anonymous]

I'll just be honest- the neighbors don't want this and will not welcome the renters to the neighborhood.

[Anonymous]

Anonymous wrote:I'll just be honest- the neighbors don't want this and will not welcome the renters to the neighborhood.

I doubt the renters will care.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them.

I don't know what to tell you, I personally think the poster's scenario of people spending 1.5ish million for a luxury townhome in North Arlington and then renting it out as a group home in 4 years while they move up to a single family home is very far-fetched.

[Anonymous]

I don't think that many people care about this issue because the turnout for the democratic primary was pitiful, even though anti-MM candidates were running. I have to believe most people don't care. What could be easier than mailing in an absentee ballot???

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them.

I don't know what to tell you, I personally think the poster's scenario of people spending 1.5ish million for a luxury townhome in North Arlington and then renting it out as a group home in 4 years while they move up to a single family home is very far-fetched.

Again, they probably won’t rent it out immediately as a group home, but it will become one eventually. Have you seen the incomes of people, no idea why you are so obsessed about it being $1.5M — that’s a starter home in Arlington. And people rent out their starter homes all the time.

“Luxury” is a meaningless phrase, I mean Luxury TOWNHOUSE, these are builder grade stick built townhouses, not Brooklyn brownstones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them.

I don't know what to tell you, I personally think the poster's scenario of people spending 1.5ish million for a luxury townhome in North Arlington and then renting it out as a group home in 4 years while they move up to a single family home is very far-fetched.

Again, they probably won’t rent it out immediately as a group home, but it will become one eventually. Have you seen the incomes of people, no idea why you are so obsessed about it being $1.5M — that’s a starter home in Arlington. And people rent out their starter homes all the time.

“Luxury” is a meaningless phrase, I mean Luxury TOWNHOUSE, these are builder grade stick built townhouses, not Brooklyn brownstones.

I am not obsessed, I am sharing what the likely price of the homes will be and saying they will not be rented out in 4 years like the poster upthread suggested. I don't know why you are arguing with me when it sounds like you agree.

[Anonymous]

Anonymous wrote:I don't think that many people care about this issue because the turnout for the democratic primary was pitiful, even though anti-MM candidates were running. I have to believe most people don't care. What could be easier than mailing in an absentee ballot???

Again, the developers have stacked the deck with all these renters voting for their “chance at a house”.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them.

I don't know what to tell you, I personally think the poster's scenario of people spending 1.5ish million for a luxury townhome in North Arlington and then renting it out as a group home in 4 years while they move up to a single family home is very far-fetched.

Again, they probably won’t rent it out immediately as a group home, but it will become one eventually. Have you seen the incomes of people, no idea why you are so obsessed about it being $1.5M — that’s a starter home in Arlington. And people rent out their starter homes all the time.

“Luxury” is a meaningless phrase, I mean Luxury TOWNHOUSE, these are builder grade stick built townhouses, not Brooklyn brownstones.

I am not obsessed, I am sharing what the likely price of the homes will be and saying they will not be rented out in 4 years like the poster upthread suggested. I don't know why you are arguing with me when it sounds like you agree.

I’m that poster. They will rent it out, probably to a couple at first, and then over the years it becomes a group home (usually during a recession, when renters can be hard to find, or the house needs a new roof). It just won’t be step one: group house, but that will be final step.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer.

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH. You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover. That I get. But consider yourself lucky if your neighborhood gets a few luxury townhomes.

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost.

You lived in a townhome that had been bought for well over a million dollars 4 years prior? And then the owner rented i5 to you and spent 2 million on a SFH?

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park.

So you don't really know anything about these people. It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them.

I don't know what to tell you, I personally think the poster's scenario of people spending 1.5ish million for a luxury townhome in North Arlington and then renting it out as a group home in 4 years while they move up to a single family home is very far-fetched.

Again, they probably won’t rent it out immediately as a group home, but it will become one eventually. Have you seen the incomes of people, no idea why you are so obsessed about it being $1.5M — that’s a starter home in Arlington. And people rent out their starter homes all the time.

“Luxury” is a meaningless phrase, I mean Luxury TOWNHOUSE, these are builder grade stick built townhouses, not Brooklyn brownstones.

I am not obsessed, I am sharing what the likely price of the homes will be and saying they will not be rented out in 4 years like the poster upthread suggested. I don't know why you are arguing with me when it sounds like you agree.

I’m that poster. They will rent it out, probably to a couple at first, and then over the years it becomes a group home (usually during a recession, when renters can be hard to find, or the house needs a new roof). It just won’t be step one: group house, but that will be final step.

So it will be the same as SFH rentals at the end of their useful life, but you are upset bc it's more units per lot?