Reply to There is no housing crisis in MoCo or most of the DMV for that matter

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of Moco is actually very cheap once you get about 25 minutes outside the beltway.

Not many places that are less than an hour outside a major global city where you can buy SFHs for under 500k. There are TONS in Germantown, Montgomery Village, Laytonville, Damascus, etc[/quote]

That's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.[/quote]

Huh? I[b]’m literally looking in Redfin right now and there are many options under $500k. [/b] If someone doesn’t want to move that far out there are options in aspen hill/wheaton too.  If they want somewhere with “better schools” then there are apartments and condos available.  Most of the new construction close in is the latter anyway.  There are trade offs to living in this area, if you want the cheap big house on an acre then this isn’t the place for you.[/quote]

Not for SFHs in Montgomery Village, Germantown, Laytonsville, or Damascus, there aren't.

In realtor.com: 
0 in Montgomery Village
2 in Germantown (the $400,000 short sale, plus a contingent listing for $495,000)
1 in Laytonsville (the $499,900 one) 
4 in Damascus, because realtor.com seems to define "Damascus" more expansively than Redfin: $499,900; $359,500 for 2BR/1BA, 773 sf; $400,000 for an uninhabitable house, cash only; $345,000 for 2BR/1BA, 774 sf.[/quote]

So, they can’t afford a SFH, but (per the PP) there are many alternatives for sale.  What’s the issue here?  If there is an issue, what policies will create more SFH?

Seems that the YIMBYs are trying to change zoning to build units in SFH areas when, apparently, there is already plenty of supply of townhomes, etc.  [/quote]

This is what I don’t get.  Yes, many folks cannot buy a SFH in this area.  [b]Whenever the YIMBYs clamor for more housing, this is what they reference. [/b]  But SFHs are not what is being built, townhomes and condos are.  So the reality is, those who cannot afford a SFH in this area can either buy a condo or townhome, or go somewhere else, because the era of new, cheap SFHs developments has passed.

OR they could wait it out because there are still a lot of neighborhoods that have not really turned over yet. We have friends who have a really nice house and big yard in a northern silver spring neighborhood. Their DCs are the only kids on their street!  When they purchased a few years ago, they thought they were at the beginning of a turnover wave and it hasn’t happened yet.  Their boomer neighbors are all staying put for now.[/quote]

That might be what you're hearing, but it's not what they're saying.

Also, "their boomer neighbors are all staying put for now" is ALSO part of the housing crisis. First of all, you can't make the boomers move if they don't want to move. And second of all, even if the boomers want to move, there is a shortage of housing they want to move to. The housing crisis does not begin and end with middle-class couples in their 30s or 40s who have children under 18 at home.
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