Reply to Missing middle- Arlington

Forum Index » Real Estate

Reply to "Missing middle- Arlington "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do you need a middle?

Most rich towns often have rich homes and a poorer section where the maids, landscapers, handiman live.

I mean does Beverly Hills, Palm Beach and Aspen concerned about the middle?

No [/quote]

Don't worry, this will actually help get rid of the middle class,[b] as old-time, middle and lower-class homeowners sell out to developers.[/b] And then upper-class people move into the new duplex, townhouses, and multiplexes. It's a developer's dream.[/quote]

[b]This has been happening for years.[/b] Do you have any proof that MMH policy will speed up the sale of older homes to developers? [/quote]

It already happens a lot. [/quote]

Arlington agent here.  Every older home in poor condition generally sells to a builder.  Now that they can diversify from building single family homes to multi family housing that they can quickly sell to investors, it will likely accelerate the pace because they will not be concerned about carrying and marketing costs.

An agent asked for  advice this morning on which builders to call to sell a tear down on an R-5 lot.  I told her to call the three builders who have applied for MM permits.

Permitting has been in place for less than a month, so you may have to wait for a year to collect data on tear downs used for single family versus multi family. [/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