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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So a house on 5041 25th Street S sold for $560k (4 beds 1 bath) to a developer who is going to tear it down and build 2 houses that probably cost a million each. Perfect example of pricing people out of Arlington - it’s going to be all renters and rich people. The proponents of MMH were so dishonest (or just really uninformed) - this was never going to help bring affordable housing or more housing for minorities - just more density.

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The alternative was a builder buys it and builds a single 2.0 million house. Last time I checked 1.0 million is less than 2.0 million. It's adding more options in the middle.

No one ever said it was for affordable housing - you misunderstood them. 
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townhomes at 1 mil sell quickly in desirable neighborhoods, much lower point of entry than SFHs.  Also, these 1m townhomes would be brand new and likely more spacious inside with nicer easier to maintain landscaping.  For many who aren't handy and/or don't have time/resources, new TH is a more desirable option than an old tiny fixer upper home on an unkempt lot that would end up costing more at the end with remodel/addition/landscaping redo.  [/quote]

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