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Metropolitan DC Local Politics
Reply to "There is no housing crisis in MoCo or most of the DMV for that matter "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What we need are more 3-4 bedroom apartments and condos, but zoning requirements make build them hard. They typically need to be larger buildings with long main hallways with a set of stairs on either end for fire safety. Instead we get lots of luxury 2 bedroom units since they are easy to build and accommodate in a structure.[/quote] Part of this is that many families with children don't want to live in apartments. People want a house with a yard for their kids to play in and it is also more profitable to rent out smaller units. https://www.westgaterents.com/apartments/va/manassas/floor-plans#/ Look at these apartments in Manassas for example. The monthly rent per sq. ft is the highest for a loft ($3.73 per sq. ft) and the lowest for a 3 bedroom (2.38 per sq. ft). There is clearly less demand for 3bd+ apartment units because families with children are less interested in them and most people prefer not to have roommates. If 3bd+ apartments were truly in high demand landlords would be able rent them for more money. Stair reform is not necessarily a bad idea (for buildings 5 stories or less), but I think this would predominately result in more 1 to 2 bd units. [/quote] Or landlords build more lofts because they can charge more because square feet.[/quote] Clearly you have a selective understanding of economics. It only matters when it fits your narrative. This is a supply and demand thing. Families with children are less interested in living in apartment buildings so these 3bd+ rent for less money. [/quote]
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