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Metropolitan DC Local Politics
Reply to "Arlington "missing middle""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As far as the whole "we need homes for teachers, and cops, etc" OK, lets just run the numbers then. a 750,000 duplex, condo, whatever , is a 600k mortgage. And thats asumming they can scare up 150 to get 20% down and avoid PMI. Thats still 4k a month. Who is swinging that? Not some GS12 and teacher partner. Just call it what it is- upzoning. Greater density. It's not "missing middle", or middle class affordable. That couple is still going to buy a place for 550 somewhere way farther out. [/quote] Let's run the numbers. Right now, egg producers are only allowed to produce and sell two sizes of eggs: extra large eggs and small eggs. The middle class can't afford extra large eggs. In the future, however, egg producers will also be allowed to produce and sell "missing middle" eggs, so: extra large eggs, large eggs, medium eggs, and small eggs. In addition, more eggs will be available, total. Will more people be able to afford eggs once egg producers are also allowed to produce and sell large eggs and medium eggs, and more eggs are available, total?[/quote] Nobody buys up a bunch of small eggs to rent them out. Not a great eggsample. [/quote]
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