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Metropolitan DC Local Politics
Reply to "Alexandria on the Cusp of Eliminating All SFH Zoning"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you think the price of your home is going to jump because of this, I have a bridge to sell you. That's just something they say to placate homeowners terrified that some developer is going to build a monstrosity next door to them. [/quote] Tell yourself that, but you couldn’t be more wrong. Builders aren't nonprofits and don’t build homes at a loss. The price of building materials have skyrocketed. Windows alone cost 25% more this year. Anything that goes up (SFH/TH/Condos) will demand a higher-than-ever before sales price that makes the builder whole and then some. [/quote] This, and Alexandria is not a bubble. It’s an area close to DC and with RTO in full swing, more housing will just be picked up at higher and higher prices. Prices will not moderate because these home are inside the beltway and regardless of how some people feel about ACPS, there will be enough interested buyers who want short commutes who will keep prices escalating are largely the same pace (interest rate issues aside). Also the ACPS issue is a big one, since the rebuilds for both GM and CK may now only be remodels. [/quote]
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