Reply to Montgomery County zoning: Council wants to change zoning throughout the county to multi-family

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Reply to "Montgomery County zoning: Council wants to change zoning throughout the county to multi-family"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is an odd proposal considering MoCo has a surplus of inventory of homes for sale and for rent. Rents are not rising fast here other than maybe in Bethesda. Most areas that do this have a housing shortage.

For MoCo this is likely to only benefit developers and not citizens. It is also likely to further depress areas that are at or past the beltway and sitting on tons of inventory. This would be hurtful to areas like Silver Spring / Wheaton, Rockville and up county. [/quote]

This exactly!

Housing shortage?  Explain why there are tons of empty apartments/condos/townhouses all over the county.  I drive all around the county for work and there are available units everywhere. It is really difficult to sell a condo in the current housing market because there is such a glut of units for sale.  [/quote]

Explain why prices are so high if there's a glut in the market, please.[/quote]

Some landlords prefer not to rent if they can't get a certain price. They want a high price and lock you into a lease. They're not pricing these things to move. They're pricing for longer term income and they want a solid tenant.  [/quote]

You're telling me that housing costs are so high because landlords are pricing rental apartments to stay vacant.[/quote]

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