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Metropolitan DC Local Politics
Reply to "The Urbanist Cult"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think SFHs are addictive. Once you have one you want to keep that style of housing. [/quote] Especially when zoning makes it so that is the only thing that can be built.[/quote] Supply-side nonsense. The vacancy rate for apartments is higher than for single family. No one is being forced to live in a single family home. [/quote] The vacancy rate for apartments needs to be higher than SFH, kiddo. They turn over more quickly. If there was 0 vacancy when what would happen if someone wanted to move to a new apartment? Critical thinking, use it.[/quote] Where did I say that the spread was undesirable? Just saying no one is being forced to live in a SFH, kiddo. It’s a more desired form of housing. That’s why developers keep building them. Try to stay on topic. [/quote] It's so weird that developers only build the type of housing that the property's zoning allows. I wonder why that happens.[/quote] Are you honestly so naive as to believe that zoning causes housing units to magically appear? Do you think it works like SimCity? If that were true, this area would have 100,000 more housing units overnight. Developers build SFH because there's demand and it's profitable. Developers also build enough multifamily to cover 100 to 120 percent of AMI because there's demand and it's profitable. They don't build more than that because they wouldn't be able to charge as much for rent. Even when SF neighborhoods are upzoned (I believe they should be upzoned and will be upzoned), the economics of multifamily are going to be pretty tough when you consider their profitability against the profitability of a SFH and incremental risk of multifamily.[/quote]
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