Reply to There is no housing crisis in MoCo or most of the DMV for that matter

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm just waiting for the condo market to tank so I can swoop in and buy a great one for a song that I can keep as my city retirement pad. All I see are big condo/apartment building going up and I have no idea who is buying them all. The Whole Foods at Walter Reed has been open for months. I live a mile away and can't be bothered to go check it out. It would require figuring out where the parking garage entrance is. I'm sure that place is going to be a bust. [/quote]

Not everything has to be for you, and that's ok.

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There is very little chance that most of the condos being built will be appreciate much in value.  Investing in a condo in DMV to grow one's wealth makes no sense here.[/quote]

Condos are housing. For people to live in. The main benefit of housing is that people have a place to live.[/quote]

Unfortunately [b]the people who need housing most[/b] can’t these. :( Why isn’t MoCo building more subsidized housing?[/quote]

Who doesn't need housing? Everyone needs housing.

The county is building affordable housing. For example here: https://moco360.media/2023/01/19/195-unit-affordable-housing-project-unveiled-in-veirs-mill-corridor/ Could they build more? Sure. I doubt this will be the one and only such project ever built.[/quote]

There are people that NEED housing and don’t currently have it, and there are those that WANT different housing that what they already have.  People with more means have more choices and are not out on the street homeless.  People who are wringing their hands about acute housing needs in MoCo seem to have a disconnect about this.  The luxury condos going up are not helping the unhoused population no matter how much you want to convince yourself that is the case.[/quote]

The range of people who need housing is a bit broader than (1) people who are currently unhoused and on the street and (2) people who can afford to live in new apartments.[/quote]

DP and I agree with this, but it’s also true that condo/apt dwellers tend to be more transient.  We lived in an apartment for years, in MoCo because it was cheaper than DC, then we were able to buy a SFH in MoCo.   but honestly if we were doing so today, I suspect we’d have moved further out due to competition/prices/remote work.  We had no interest in raising kids in an apartment long term.

Obviously the builders and county have a pulse on what kind of housing is needed and maybe it’s fine that they are focusing on smaller dwellings since there’s no real plan to increase school capacity either.

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