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Metropolitan DC Local Politics
Reply to "Investors Steering Clear Of Maryland Suburbs Due To Regulatory Concerns"
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[quote=Anonymous]I work in real estate finance and think rent control is dumb and “affordable housing” is mostly a racket - astronomical cost to build, expensive for taxpayers and great if you manage to land a unit but it’s a lottery. Oh but its a pretty good deal for developers who can overcharge, underdeliver and also get valuable tax credits. These things ultimately drive up the cost of housing, which is the opposite of what proponents claim to want. But for lots of ideologues I don’t think they care about results so much as just seeming to care about the issue. I live in MoCo and am fine with fewer multifamily buildings here. The truth is, there’s loads of areas in the dmv with lots of space to build more. Our local governments should tackle crime and quality of life issues to make all areas more livable and appealing instead of endlessly trying to make a handful of places more and more dense. [/quote]
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