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[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]
I am fascinated that you think this is how it’s going to play out. What do you think that $2m house is going to be worth once it is upzoned? You think current property owners are going to leave money on the table and hand it over to developers to profit? [/quote]

Somewhere between $2.05m to $2.1m. Because it makes no sense for developers to bid each other up when there are so many other lots they could buy instead.[/quote]

NP here. I have a nicely renovated (within the past 3 years) 4 BR/ 3 BA home in N Arlington. Based on comps I’m guessing it is worth around $1.2. Of that about 800-900k is land value. If a development can now built 3 THs on my lot, I’m guessing the land value will go up at least somewhat. So I would now expect to sell my home for, let’s say $1.4-1.5 in coming years. The new homes will therefore also be worth more. [/quote]
But you don’t understand, developers won’t pay that because they’ll collude to not bid up the price. /s

The MM study in Montgomery County found that individuals were actually willing to bid up SFH prices higher than developers were willing/could pay to make it profitable. So congratulations, this will net you some additional $ while not creating any new housing. [/quote]

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