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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The unwritten story here is that these buildings with a small number of condos will turn into disasters for the condo owners.  The idea that these small condo associations will be managed well is zero.  Disputes will arise.  Finances will be poor.  Basic maintenance will be ignored.  Condo owners will make no money on them.  I would never advise anyone, including my children, to buy one.  The only people that will profit will be the developers and other real estate professionals.

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The primary purpose of housing is [u]housing[/u]. Not profit.

And nobody is forcing you to buy a condo in a building with a small number of condos.[/quote]

That’s contrary to Montgomery County’s housing policy, which is focused on profit. [/quote]

No, it's focused on housing.

If you're referring to developers, who profit from building housing, well obviously. That's their business. Grocery stores also profit from selling food. But we rarely advise our children not to buy food.[/quote]

Seems like you missed all the discussions about developer taxes at the council and the planning board as well as the rent control discussion and the run-up to the subsidy for Grosvenor. Increasing housing supply is a secondary effect that they hope will happen if they increase profit margins. [/quote]

Housing doesn't magically appear. Someone has to build it. We call those someones developers.[/quote]

Right, and housing policy in Montgomery County is focused on their profits. [/quote]

Nope. Housing policy in Montgomery County is focused on housing, which is built by developers, for profit.[/quote]

Then it’s a terrible failure. [b]The county doesn’t produce much housing and prices are through the roof. [/b]

But developers do have very high profit margins (higher than Fairfax) so if it’s focused on profit it’s working well. [/quote]

I mean, yes, those are the problems that the housing policy changes are supposed to address...

I keep hearing that Montgomery County is extremely business-unfriendly, especially compared to northern Virginia, but I guess that's not so.[/quote]

It’s unfriendly to a lot of businesses but they’re patsies for residential real estate developers. [/quote]

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