Reply to Giving up on North Arligton... Is South Arlington going to improve?

Forum Index » Real Estate

Reply to "Giving up on North Arligton... Is South Arlington going to improve?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Can someone explain market rate affordable housing to me?

I used to live at the Halstead and when we first rented we had a "discount" that they told us was below market rate. So they said market rate for our 2 bedroom 2 bath was 2800 or so, and we paid 2150.  So, I assume we are talking about a different market rate?

I guess I am just saying it confuses me and would love to be better educated on the topic! TIA [/quote]

Market rate housing is housing rented at the going rate.  Market rate affordable just means that the particular going rate is lower than average. The Hallstead is nice, no? Isn't that one of the newer buildings close to Penrose?

Market rate affordable is cheap simply because the going rate is cheap. Think of older, crumbling garden style apartments down the Pike.
You got a " discount" ... Sort of... I wouldn't consider your rental cheap.

Market rate affordable down the road is 1200 for 3/4 bedrooms. They aren't set at those prices due to regulating by the gov't - they are just not great housing.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics