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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I concur with a PP who stated that YIMBYism relies on a basic failure of understanding economics. But it’s worse than that, because it’s also a failure of understanding basic finance.

If the expectation is that increasing the supply of infill housing units will drive down rental costs, then no one would invest in multi-family residential RE because there would be no profit.

Trust me, the PE funds, REITs, asset managers and developers understand the finance and economics of this a lot more than you do and they will never, ever invest in anything without a near guarantee of maximizing profits at high margins.

Also, I find it a bit odd that YIMBYs claim that we desperately need housing but turn their noses up at the new housing that is built or just pretend that it doesn’t exist. Just because you personally don’t like the tens of thousands of new units of single family homes, townhomes and apartments being built in [b]Clarksburg or Leesburg doesn’t mean that it’s not real and that a lot of people do want it and prefer it[/b].[/quote]

Tearing up farms to build farther out is not sustainable. What happens when there is no more arable land, so that people can have single family houses? [/quote]

I think you are under the illusion that the people buying homes on those torn up farms work in DC.  They do not.  They work out there.  Their are entire business communities in this region that have nothing to do with DC, and want nothing to do with DC.  [/quote]

Oh, how I wish this were true, but it’s not. I can tell because it takes up to 2 hours to commute to and from DC at rush hour. I'm sure many of us would love to live in a rowhouse or high rise building close to work if we could actually get a 3 bed, rather than a townhouse in a giant development with a postage stamp lawn. It's price. Clarksburg is not that romantic.[/quote]

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