Reply to MoCo “Attainable Housing” plan and property values

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There are so many Potomac properties like this one, that have high values despite very old and unappealing houses, because they are located in appealing areas (and the linked one below is on a large plot of land). It makes sense to me that these would be extremely valuable for developers to buy up and convert, and it could dramatically transform parts of the Potomac. Any thoughts on that?

https://www.redfin.com/MD/Rockville/13008-Foxden-Dr-20850/home/10504472[/quote]

That is a mid-century time capsule. The kitchen is to die for. Real appliances that will work another 30 years![/quote]

"They just don't make them like they use to!" is something a certain generation loves to repeat that does not hold up under scrutiny. I bought a place that had "real appliances that will work for another 30 years" and replaced them all immediately.[/quote]

not PP, but it sounds like you replaced all your appliances before you could even test that claim.

Anyway, prior appliances did last longer (says this Millenial). Less plastic, less electronics (especially near heating elements), easier maintenance due to a simplified design, etc. Where older appliances fall short is cost, power/water consumption, sheer size, and secondary uses (a zillion different washing cycles...). Newer appliances have been value engineered to an inch of their warranty lifespan because of economics in a global, connected marketplace that didn't exist in the same capacity 40 years ago.[/quote]

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