Reply to MoCo “Attainable Housing” plan and property values

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[quote=Anonymous][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]

covenants are fine.  Wood Acres in bethesda has them specifically about what can be built in the neighborhood.  Their covenants used to cover excluding blacks, and other races but thats long been since removed.  your covenants cant exclude protected groups but specifying the look and feel of the properties isnt illegal.  Its really no different than what the new version of these(HOA's), do.

thats why neighborhoods are creating covenants or updating them before this is passed b/c its obvious that Moco(may have to go to the state), will try to outlaw covenants.  they will probably argue they discriminate off bases of class(not sure how HOA's are different), so get those covenants in now!!![/quote]

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