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Metropolitan DC Local Politics
Reply to "The Urbanist Cult"
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[quote=Anonymous][quote=Anonymous] 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] I know how many duplexes will be built on a property zoned for a uniplex: zero.[/quote]
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