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Reply to "Why do they allow all the tear downs in Bethesda?"
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[quote=Anonymous]Not sure about Bethesda but in Vienna, the new homes do pay a lot more taxes. There is no new land in town limits, so demand drives the price of the existing lots sky High. Houses sell before being listed. Older residents are bombarded with solicitations trying to buy they’re home. ramblers on a quarter acre ( or rather “a quarter acre with a run down rambler”) goes for $700k. And the only people who can afford a 1960 rambler that’s falling apart is a young family with high HHI. They can fix it up and make it a livable 1100 sf rambler that cost them $1mm. Or knock it down and build a $500k structure , costing them $1.2mm. People want to say “that house is not worth 1.2mm.” The buyer should know that. It’s the LAND plus the house. And ours cost 1.5mm because we bought from a middle man (ie builder). the town of Vienna wins here. They are making a killing just on them taxes. Again, not Bethesda, but thinking it’s similar[/quote]
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