Reply to Can someone explain Thrive 2050 to potential MoCo Buyers?

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[quote=Anonymous]There is zero shortage of housing. If anything we have to much, Take my Potomac block average home has 3 people in house.

Every house my block has 6-8 bedrooms and 4-7 baths.

Ever house has a full finished basement with bath.

So how is there a shortage? The shortage exists only cause kids don’t want to live at home and/or tax codes and lack of smaller suitable retirement homes mean people live in too much home.

I have five empty bedrooms! I still use them somewhat as one kid is moving home after college and older still single and stays over 2-3 weeks a year and younger one at home. And I have a home office.

But in 10 years be me and wife paid off home kids long gone. Like my current neighbor who is 82 says my house is paid off, property taxes 13k and insurance 2k which is 16k a year or $1,333 a month. Where is he moving to? An illegal studio apt in a basement costs more.

We need to figure a way to make it worthwhile for folks in bigger houses to downsize.

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