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Reply to "MoCo “Attainable Housing” plan and property values"
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[quote=Anonymous]Just came across this plan being considered by council to rezone properties abutting corridors near metro stations to allow for townhouses or apartment buildings. I happen to live in a potentially-affected property (though within one of the CC towns that has a separate building approval process, so doubtful they’d ever approve something besides a SFH). I’m wondering what the potential implications are of this on property values. I’m not interested in selling, though if someone came and offered me 3x what I paid, I might consider it… On the other hand, I really don’t need my property taxes to go up arbitrarily because my piece of property might now be desirable to developers. What are people’s thoughts on this? https://montgomeryplanningboard.org/wp-content/uploads/2024/05/Attainable-Housing-Strategies-Work-Session-10_05.30.24-Staff-Report_Final.pdf[/quote]
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