Reply to MoCo “Attainable Housing” plan and property values

Forum Index » Real Estate

Reply to "MoCo “Attainable Housing” plan and property values"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]It will ruin neighborhoods and reduce properties values in some neighborhoods without protections from excessive density. Neighborhoods with protective  covenants and HOA's that prevent multifamily housing will become more valuable. Some properties close in that have higher redevelopment potential will increase in value due to higher land prices. Many of the others will lose value  and resident quality of life will go down hill. Single family communities close to high quality  private schools with strong HOA/Covenants to protect thew neighborhood are likely safe. However, many middle class homeowners in desirable school attendance zones will be financially destroyed if this passes.[/quote]

Federal state and local laws overrule covenants. That’s why covenants like not being able to not sell to certain third of people are outlawed. [/quote]

I don’t think that opposition to this initiative is about that. Opposition is about disruption in communities that cannot withstand additional density, pressure to infrastructure and schools, increased traffic and the risk that comes with it….and the benefit only to developers who want the business and leave the communities to deal with the mess they create. This is not of benefit to anyone but to developers. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics