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Reply to "Missing middle- Arlington "
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[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, as old-time, middle and lower-class homeowners sell out to developers. And then upper-class people move into the new duplex, townhouses, and multiplexes. It's a developer's dream.[/quote] Are upper class people dying to live in multiplexes? [/quote] I know things get confusing in a HCOL area like DC, but if you're buying a $1.25 million duplex, or renting a $4000 unit in a multiplex, you're upper class. You're certainly not the 25-year-old middle-class nonprofit worker, teacher, or firefighter who thought this was the ticket to living the good life in Arlington[/quote] Yes, but you’re not the same level of upper class that can afford a $2.5m new SFH. Most likely you are looking at a two professional income family that brings home around $300k - $400k and has little bit of money saved up or some family help, probably has some student loans from getting those professional degrees, and if they have kids has about $40k or more in annual childcare costs. That’s who is going to benefit- the UMC folks who used to buy here and found themselves increasingly priced out of what has become a place that is only welcoming to the very wealthy and very poor who won a lottery slot. The nonprofit workers and public servants have been priced out of the types of houses they want here for a long time. Yes, they could buy a tiny condo or rent a small garden style apartment even at their incomes, but they want space and a few walls of their own. MM isn’t going to give that to them. [/quote]
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