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Reply to "Can someone explain Thrive 2050 to potential MoCo Buyers?"
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[quote=Anonymous][quote=Anonymous]You know how when you rent an apartment, you can’t do things to it as if you owned it? Well, under zoning, you are limited to what you can do in your own property. With Thrive, you’ll be able to build duplexes etc on your own property and your neighbors won’t be able to stop you. A win for individual property rights [/quote] A win for developers. They will try to tear down the SFH in these neighborhoods to make duplex, fourplex, etc for "attainable housing". They have moved away from using affordable housing. So a family can move into one level of these multi family houses for the cost of at least $1M+ which is hardly attainable for this missing middle they are trying to solve for. The impact on these neighborhoods is yet to be determined on who has the right to do this. There are neighborhoods now that are trying to tighten development restrictions if they have control over their municipality. For example, Village of Drummond, Somerset, Chevy Chase Village, Martins Addition have their own building requirements in addition to MOCO however, I'm not sure it's known if the county can overrule those. There will be more urban density along Wisconsin corridor and traffic. However, if ultimately you are able to turn your land into fourplexes, etc it's not bad for property values. As long as the developers can charge what they want for them, they would be huge money makers unfortunately. [/quote]
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