Reply to Arlington Missing Middle Housing Q&A

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[quote=Anonymous]The Arlington county board is selling out homeowners... why? No one asked for this. The market isn't asking for it. There are currently 293 townhomes or condos for sale in Arlington County, compared to 150 detached homes. The ACB admits in their own materials 30%+ of the existing housing stock in Arlington is "middle" style. How much should it be? 50%? 80%?

This is the handout of a lifetime to developers, builders and corporate landlords. The assumptions they've used are laughable -- of course there will be more cars and more kids per unit than they admit. And once they pass this (which they will) then they will move to increase the allowable height, increase lot coverage, etc. etc. Two major cities in the country have done something similar to this so far -- Minneapolis and Portland -- and neither have gone as far as the ACB in allowing 6- or 8-plex units.

Institutional investors, like Blackrock, Invitation Homes, Welcome Homes, etc will finally have an in without having to buy a high-rise. They will buy up lots and build 4, 6 and 8-plex for rent. The mid-atlantic and northeast has so far avoided much of this institutional investing outside of large apartment buildings in city centers, but no more after Arlington county has their way. In 2021 30% of homes sold in the state of Texas were sold to institutional buyers. Thats where this could be headed.

My hope is that this falls flat in the market, and homebuyers would rather buy further out with hybrid work than be crammed into a multi-family in Arlington. And that renters would prefer to be in a building with amenities in a walkable neighborhood instead of deep into 22207 where they have to drive everywhere. Time will tell, but the damage will not be able to be undone. [/quote]

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