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Metropolitan DC Local Politics
Reply to "MoCo Council Vote Today"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So many NIMBYs here concerned about "affordable" housing, yet not a single one is talking about raising taxes to pay for these subsidized units. Because yes, they need taxes to subsidize them, because nothing is free. It's almost as if "affordable" is a fake argument, used to stop any housing construction. Hmmmm, but why would people be so disingenuous? Hmmmm.[/quote] We’ve spent all our subsidy money on market rate housing and on bailing out land speculators, at Friedson’s urging, so unfortunately we don’t have the money to subsidize enough affordable housing. Maybe your heroes the developers will take lower profits. [/quote] Hint: a developer built your home. And .... GASP .... they even made a profit doing so! Should we tear down your house and take away their evil profits? No? Oh, why not?[/quote] A developer did not build my home. So GFY When the US needed more housing in the 50s, they built affordable homes and affordable communities. Smaller, affordable homes. Not giant McMansions squeezed onto small lots, and not outrageously priced town homes. The people buying these smaller homes can afford to pay the taxes, which has a lower assessed value. Entire communities across the US were built on that model. Not the gigantic housing models that half of MoCo cannot afford. [/quote] Wow so you are an outlier, congrats. The argument remains, which you have failed at countering entirely. Are you comparing 2025 to the 1950s? You understand it's not 1950 anymore? By chance, can you remember any significant events before 1950 that led to a huge surge in American manufacturing and home building? Anything? Maybe, an international war that left America in a unique position from a fiscal/engineering/manufacturing perspective? Jesus, this is like debating a wall. Also, hint - land use regulations in your precious 1950s were much, much more lax than they are today. You are dunking on yourself kid.[/quote] DP. Land use regulations in Montgomery County, which is the specific place that we’re talking about right now, were more restrictive, not more lax. You’re right that it’s not 1950 any more. The financialization of land and housing has gained considerable momentum in recent years. Developers have also gotten better at forecasting demand, positioning them better to manipulate supply and push prices up. And developers’ business models have changed to be more like hedge funds and less like manufacturers. [/quote]
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