Reply to What’s happening with the old White Flint mall development?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The site isn’t commercially viable right now. The fact that it isn’t commercially viable tells you everything that you need to know about Montgomery County’s economy. [/quote]

Alternative explanation: the property owners are sitting on it, waiting for ... something.
[/quote]

If the site were commercially viable now they wouldn’t be sitting and waiting. They would be building and making money. [/quote]

Nope. That's something I don't understand about MoCo, lots of large pieces of commercial property that are just allowed to deteriorate and owners don't seem to care. [/quote]

Land banking is not a only-in-MoCo phenomenon.[/quote]

It’s harmful to communities and to the housing supply, which is why it should be taxed. You’d think that the YIMBYs would be screaming loudly about this at least in the interest of intellectual consistency but they never do. [/quote]

Then you're not paying attention. Many Georgists are YIMBYs/many YIMBYs are Georgists.[/quote]

You must not be paying attention because the YIMBYs we have in Montgomery County are supply siders, especially the most influential ones. Friedson himself has said that he only wants to offer carrots, without any sticks. As a result, there’s comparatively little risk in banking land and waiting to build, because there’s a widespread belief that the county council will bail you out with a subsidy if building costs go up and will never impose a punitive cost itself. The incentives are already stacked against maximizing supply (because a shortage is more profitable than a glut) and the council has reliably come in reduce the risks of waiting, making waiting the clearly better choice. [/quote]

Friedson is not every YIMBY. I'm not sure he's even any YIMBY. Has he ever said he was?[/quote]

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