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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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"

"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]

How on earth would your property be worth that much? It would make no sense for developers to start a bidding war for your property when there are so many across the county to develop. Countywide upzoning makes those sorts of bidding wars unlikely, which is why property values won’t increase by much, if at all.[/quote]
Now we are getting somewhere. So we can agree that the only places in the county where this will make financial sense are where SFH are currently in the entry-level/lowest price ranges (<$1,000,000) and minimum lot sizes over 8,000 sq ft. When searching those conditions is looks like you’re going to get all of your “missing middle” in East Falls Church and Shirlington, which is probably not what you were expecting because its still going to cost $800,000 per unit when you can just go there and buy that now.  [/quote]

No, we actually don’t agree on that. [/quote]

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