Reply to We need homes. A lot of homes. Not just affordable, but also middle-income homes.

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Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone in this thread who is arguing for *not* building new homes needs to answer this very simple question.

Thousands of new jobs are created every month in the DC area. Where, exactly, will those people live?

It really doesn't take a genius to understand that we need more houses. You NIMBYs need to get over it.[/quote]

Although I am do affordable housing- I do believe our parks and public spaces should be left out of it.

This being said- I also know that there is plenty of housing in PG county and PWC.

It’s just that the people who want housing don’t want to commute 45 minutes and still want 2000 sq ft. They like the ease of urban living and don’t understand that everyone else does too.

We need more public transportation. Faster transportation. Maglev would be good if it was cheaper.

But other than that- real estate isn’t going to get cheaper. 
[/quote]
What drives me crazy is that is that “affordability” has a numerator and denominator, but no one talks about the denominator. If the economy worked for everyone so that people made more money, then their housing becomes more affordable.

The second thing that drives me crazy is how these people like to cite freshman economics to support their case but don’t actually apply it correctly to the situation. The cost of née build housing is primarily driven by input and financing costs. Inputs are the price of land, materials and labor. Financing costs are generally a function of the lending conditions as governed by the Fed.

Input costs are definitionally more expensive for infill than for greenfield. Land is more expensive, materials are more expensive and labor is more expensive. And yet, these people that demand that we do everything necessary to provide affordable housing to alleviate what they themselves call a crisis are absolutely adamant in preventing new build greenfield development.

It’s incoherent. [/quote]

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