No one would be talking about whether the new housing would be affordable if the YIMBYs hadn’t promised that doing their ideas would result in affordable housing. Now that people are calling them on their broken promise they’re claiming that they never said that, that if you want affordable housing you’re a NIMBY, or a combination of both. It’s really a great movement you have going there. |
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And those who want a SFH neighborhood will get screwed. And those who remain will lose the opportunity to grow their wealth through their SFH. Owning a unit in a quadplex is simply not going to create wealth for its owner. |
Hi shock face. No one would be talking about it because everyone would assume that new housing wouldn’t be affordable because that’s how it works. You all promised affordable housing and now you get bent out of shape when people wonder where the affordable housing is. |
Yes, it's true, people who want to live in an area that consists only of housing that is single-unit housing will have fewer areas to choose from. The way I see it, the primary purpose of housing is housing, not wealth-creation. But it probably helps that I'm not afraid of renters. |
Could you please define what "affordable housing" means to you? |
If this all happens it will also depend on who is doing the developing and where. Local mid-high end developers that work primarily on single family homes aren’t going to want get involved in controversial neighborhood builds. There are probably 15 renovations and additions at any given time in my neighborhood, and I can’t imagine that any of those builders would give up repeat business and word of mouth recommendations to grab short term profits building a multifamily. Their LinkedIn, Facebook, and Yelp would get interesting at the very least. |
Remember 10-15 years ago when you said housing wasn’t affordable for the middle class? You were right about that. I’m looking for the housing that’s affordable at 90-100 percent AMI. You promised it but didn’t deliver. Then you said we just have to wait for filtering to happen but your ideas didn’t generate enough new housing for filtering to happen. Either the YIMBYs were lying about their true goals the whole time or they were tragically wrong about how to make housing affordable for the middle class. |
Weird how rich SFH owners never offer price controls when they sell their own houses (instead selling for huge sums of money), they just demand that "developers" give away apartments to poor people. I wonder why that is? Hint: Please look up New Zealand to see proof that (surprise!) supply and demand works. Also, take Econ 101. Or, just Econ 1. lol. |
With the zoning changes, they won't have to get involved in controversial neighborhood builds, because the builds will be by right. Why would builders pass up a chance to put two $800,000 units on a lot, instead of one $1.1 million unit? That would be leaving money on the table. |
Too bad that’s not the way the math will work out. in a desirable neighborhood, it’s more like put two $1.1 million units on a lot instead of one $2.3 million unit. In less desirable neighborhoods, it’s more like one $1.1 million unit or two $600,000 units, so a little more profit but twice as a much risk. This is what planning forecasts and why they moved the conversation beyond duplexes. |
I’m not demanding that anyone give away units, just restating the fact that YIMBY ideas haven’t driven prices down. They promised that they would drive down prices, and anyone who disagreed with as shouted down as a NIMBY. As it turns out, the skeptics were right. I agree that increasing supply dramatically would work, but YIMBY ideas haven’t increased supply dramatically. In fact, it’s quite the opposite. YIMBY policies have reduced the land where housing can be built and have made building out places like Crown and Clarksburg really expensive. YIMBYs are quite effective at grabbing attention, but they squander it by shouting supply and demand at everyone. YIMBYs have been quite effective at filling elected offices and commissions but they don’t seem to think critically about whether what they’re doing has actually worked and keep rolling out the same ideas that have resulted in the housing market they we have now. |
This Democratic is getting there as well. But not at the Federal level. Voted for Hogan twice. Will note vote for him for Senate. Radical moderate here. |
Says your crystal ball. Which maybe is accurate, and maybe it isn't. It's hard to predict the future! My idea is, let's wait and see what actual builders actually do. In the current situation, the teardown builders are building way more house on spec (for example, a new, $2.4 million, 6 BR, 5 BA, 6,200 sf house in Bethesda) than most buyers actually want. That's inefficient for everyone. |
Okay. You admitted that this policy will screw the middle class and upper middle class as it will reduce their opportunities to generate wealth through SFH ownership. The rich are far less reliant on their homes for wealth. Home ownership has been pitched for decades as a means to create family wealth for retirement and other purposes. Rather than expand those opportunities to more residents, this policy reduces them. Owning a condo or quadplex has not been shown to create wealth. [Former owner of several condos here.] |