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Reply to "Cities with No Children"
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[quote=Anonymous] [quote]I think you just need to pack up and move to NYC. Really. [/quote] I live in NoVa. In an apt. I don't need to move to NYC. [quote]You don't want to listen to anything anyone says and you have offered no attempt to answer any of the questions, mainly the MONEY question. Who will pay and/or take profit cuts and how to mitigate the simple fact that RE is an asset, privately owned and that government cannot build anything in whatever quantity wherever they want and continue spending to maintain housing for those who cannot pay. [/quote] I have answered that repeatedly. We need both more market rate housing and more committed AH. Developers are eager to build market rate, and do, and will build at lower prices when market conditions push in that direction (and they will still make money). Committed AH can be financed in many different ways. [quote]Another aspect of money question has to do with type of new apartment construction, clearly not geared towards families and the whole public school situation. Family apartments that can COMPETE with private homes are very expensive to build and maintain. You need more convenient and connected neighborhood, larger sqft, practical floor plans, great sound insulation and family friendly building and neighborhood amenities. All of this costs more to developers and prices for these apartments are very high. [/quote] Even with current prices many families live in apts in DC, Arlington, Alexandria, Falls Church (enough that in Falls Church the failure of planners to adequately forecast the number of new school kids from new market rate apts became an issue) [quote]in exchange for reasonable commute, [/quote] Since you do not live in the DC area , you may not be aware of the commute considerations impacting people in greater DC. [/quote]
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