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Metropolitan DC Local Politics
Reply to "The Urbanist Cult"
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[quote=Anonymous][quote=Anonymous]Nobody has explained the economics behind building two homes on a single family lot. Those costs include getting approval to tear down a $1 million SFH and building a brand new building that contains two homes that are affordable for middle class families. It literally makes no sense to a developer - the cost of construction alone makes it untenable. This is what makes sense to a developer: tear down a $1 million dollar home and build two $1.5 million homes. [/quote] Maybe you should have this discussion with the "Soviet-style apartment blocks" PP. Also, you're right, nobody will tear down a $1 million one-unit house to build a two-unit house. However, plenty of people will tear down a small, old one-unit house to build a large, new $1.5 million one-unit house. These same people would likely be willing to tear down a small, old one-unit house to build a large, new two-unit house at $1 million per unit.[/quote]
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