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Metropolitan DC Local Politics
Reply to "Arlington "missing middle""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the title is supposed to be "Boomers and Real Estate Developers plan to ruin Arlington" Or "Missing Middle: in ARL you need 1.5 for an MM unit"[/quote] It’s boomers who seem to be most against missing middle. What costs more: a $500,000 condo in a six plex, or a fancy new $2,000,000 Mcmansion?[/quote] There’s no real shortage of 500k condos in Arlington, but I guess the idea is some people would prefer to live in a non walkable neighborhood? https://www.redfin.com/VA/Arlington/1021-N-Garfield-St-22201/unit-235/home/11281195[/quote] Those are all walkable neighborhoods. The shortage is in housing less than $1.5m in unwalkable neighborhoods. That is what these people want. They want to live in N. Arlington in a SFH, not in a condo but cannot afford it. So they think this will help them get access to those nice and leafy rich neighborhoods. The problem is that it will just make those houses even more expensive. If I own a $2.1m SFH and my lot is up zoned to 6 units then the value of my lot has at least tripled and I probably wouldn’t sell my house for less than $4m.[/quote]
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