Reply to David Blair for MoCo executive

Forum Index » Metropolitan DC Local Politics

Reply to "David Blair for MoCo executive "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

A "soft" real estate market with sky-high rents and housing prices, and bidding wars? How's that work?[/quote]

Single family detached and multifamily high rise are separate housing markets. The market for multifamily high rise is soft. Planning has found that developers don't begin new projects if rents fall at existing buildings. Rents are still objectively high, but multifamily high rise is expensive to build so developers need top dollar to make the returns work. They don't start new projects if their target market (upper middle income to high income) isn't large enough to absorb existing units.

Hans has prevailed on every major zoning and planning vote during the past 11 years and he promised that his vision would result in large economic and revenue gains for the county. The county's economy has been stagnant, and now Hans tells us we have to subsidize market rate housing construction to realize his vision. It doesn't make any sense.[/quote]
[b]I suspect 15-25% MDPU requirements are a big contributor.[/b] Forces a cross subsidy of market rent payers to regulated rent payers, driving up market rents and contributing to vacancies.[/quote]

If it were, the developers wouldn't proffer higher percentages of MPDUs.[/quote]
Because the county offers financial incentives. [/quote]

Well, yes. That's the proffer part.[/quote]
No, it’s not a “proffer”.[/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