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Reply to "MoCo “Attainable Housing” plan and property values"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is too long post. Where are they building? [/quote] [b]They are planning on building everywhere, by increasing zoned density by a minimum of 4-8x throughout most of the county. [/b]They will allow by right subdivision of existing lots to create new lots below the minimum size and also allow duplexes to quadplexes (almost) everywhere depending on the residential zoning category. So a subdivided will be able to create a minimum of 2 duplexes, which is 4x density. In other areas a subdivided lot will potentially allow a minimum of two quadplexes which is 8x the existing density. [/quote] Wow! If that comes to pass and you live in a desirable neighborhood with a protective covenant your home will be worth a fortune![/quote] Not necessarily. If you live next to neighborhoods that aren’t protected from this crazy policy, it could actually reduce your property values. [/quote]
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