Reply to MOCO - County Wide Upzoning, Everywhere

Forum Index » Metropolitan DC Local Politics

Reply to "MOCO - County Wide Upzoning, Everywhere"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]This is a direct result of the lobbying by developers in this county. It’s going to hurt middle class SFH owners whose entire nest egg is in a home in Wheaton or Glenmont or Silver Spring and whose neighborhoods are going to be overrun with multifamily homes and their homes will be reduced to nothing in value and they’ll sell at way less. Meanwhile schools in the DCC already bursting at the seams and no money to build new ones. Too bad for them, I guess.

Literally, this is a break for developers. It hurts middle and working class people terribly. It’s disgusting. Not to mention that the people who pass these regulations don’t live in the communities affected. [/quote]

It’s kind of a weird play for developers. They make more money when there’s unmet demand. The local apartment association has been advocating for this, though, so they must have some members who see money in small apartment buildings.

The real estate agents are less of a surprise. Many of them take stakes in tear down projects, so some will view this as an investor, and all will benefit from more turnover. Times have gotten pretty lean for the real estate agents because inventory has been so low (in part because the recordation tax hike increased transaction costs). [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics