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[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, 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 [b]25-year-old middle-class nonprofit worker, [/b]teacher, or firefighter who thought this was the ticket to living the good life in Arlington[/quote]

So naive and entitled (plus the misleading marketing by the Board for MMH) - these 20 somethings genuinely thought they were going to magically own in Arlington. I was in a community meeting with one of these young millennials who was arguing for MMH saying it was like a car, that she may not be able to own MMH right away (like a new car) but as more MMH is built prices will depreciate (like a car). A home owner in her 40s and 50s needed to explain that real estate and cars don’t depreciate/appreciate in the same way. This is what we were dealing with for a large number of YIMBYs. Lack of knowledge about economics and total naïveté/entitlement.[/quote]

Let’s say there are two homes next to each other with equal square footage and identical lots. One is brand new and the other is 20+ years old with few updates. Is there a meaningful price difference? The MMH supporter was arguing that yes, there is. She couldn’t afford the brand new home but could possibly buy the old one with outdated fixtures. So years from now, a 20 something will have more housing options. 
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