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Real Estate
Reply to "Montgomery County introducing a bill that would change the R-60 zoning near metro stations"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wouldn't this make these lots, even if they have a SFH on them already, more valuable? [/quote] potentially but imagine how neighborhoods would look during a transition. One family sells to a developer who puts up a 4 unit apartment building with no parking and on another lot a developer puts up 4 small houses and on another lot a developer puts up 4 townhouses. [b] Part of the value is the aesthetics. [/b] meanwhile all these new builds have no parking and your streets are now littered with 4 times the cars. Now if a developer comes in a makes it look great and high-end sure but the county probably won't allow that seeing they are pushing affordable housing [/quote] You're over-valuing aesthetics. The market doesn't place a premium on it. If they did, then the DC rowhouse condo conversions wouldn't sell. Instead, they have been in hot demand for the last 20 years. Location, location, location. I'm really interested to see what happens in the west portion of Chevy Chase, close to [b]Wisconsin[/b] Ave: 46th Street, Leland, Elm, Willow, etc. Those houses are very close to the Metro. I can only imagine that the fight between the County and Town will be epic. [/quote] Making an edit to my original post - I said "Connecticut" when I meant to say "Wisconsin"[/quote]
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