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Reply to "Arlington losing families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Builders are already pumping out $2M+ SFHs. Letting them produce some less expensive housing options is not a bad thing. [/quote]Because Arlington needs more $1m condos. [/quote] If people buy/rent them, then yes. If the market doesn’t pan out then the builders will go back to SFHs. I think there is a market for cheaper homes in the “better” school districts. Imagine some THs over by Discovery. [/quote] No, they won't got back. A six unit building would be $6m if each sells for $1m vs a single family house that would be $2.5m. They can discount the units in the 6-plex a ton before ever getting close to the profit they get from a SFH. [url]Developers are incentivized to build as much as they can get away with. They'll build the most sq ft and largest number of units approved for each lot, which does not work out to family friendly units.[/url] [/quote] Yes to all of this. Materials costs and economies of scale incentivize development of higher density units rather than SFHs. If they get tax breaks, so much the better. Meanwhile SFH stock is declining and prices are soaring.[/quote]
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