Reply to MoCo “Attainable Housing” plan and property values

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[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]

Zoning is RE-1 (residential estate).  Not part of the proposed changes (R-40, R-60, R-90, R-200, but not where a municipality like Rockville has its own zoning authority).  Many of the wealthiest areas are not affected, whether by alternate zoning, by historic designation or by covenant, which is among the reasons this would be typical of bad policy -- protection for those at the top, squeeze the middle and call it just because it might help the bottom.[/quote]

Technically, it does impact Residential Estate zones areas because they are doing to change the definition allowable housing types to include small multifamily units. However, practically speaking you won’t see many plex units built in RE zones areas because they don’t have public sewer or it is more profitable to build a new SFH. [/quote]

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