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[quote=Anonymous][quote=Anonymous][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.  [b]Every older home in poor condition generally sells to a builder.[/b]  Now that they can diversify from building single family homes to multi family housing that they can quickly sell to investors, [b]it will likely accelerate the pace[/b] 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]

If every older home is already sold to a builder how could it accelerate? Will they aggressively cold call people who live in older homes? 
[/quote]

You must not own. Everyone in Real Estate does this. Half my mail is/was home related.[/quote]

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