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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How about as a thought experiment we see if the net effect of this is to raise or lower the price of houses in Arlington? My bet is on raising. Tearing down a 900K house and building three 1.1 million townhomes does not solve an affordability crisis. Plus the price of land just jumped considerably.

Also for fun, will this make Arlington more or less diverse? My bet is on less.[/quote]

Oh sure, it is well known that when you increase the supply of something, the price goes up.

Wait, what?[/quote]

Fool, [b]dropping 100 units on the market tomorrow[/b] wouldn't drop prices 2%.

This isn't about supply. This is about broke f.u.c.ks wanting to live in N. Arlington on a pre school teacher's salaries.[/quote]

In a county with 120,000 units, currently? That would indeed be unlikely.

Also, [b]what is wrong with preschool teachers living in North Arlington? People in North Arlington have children who go to preschools. Where should the teachers for those preschools live?[/b][/quote]

Uhhhhh, they should live where they can afford to live[/b]. Pre school teachers don't have sufficient salary to qualify for jumbo mortgages.

Do you own islands in the Caribbean?

Why not?[/quote]

Unlike the supply of islands in the Caribbean, the supply of housing in North Arlington is not finite. It is possible to increase the supply of housing in North Arlington. And the Arlington County Board of Supervisors just voted to make that possible. Hooray![/quote]

Hooray for your ignorance. You clearly don't know what 'finite' means.

[/quote]

It is not possible to increase the number of islands in the Caribbean. Therefore, the supply of islands in the Caribbean is finite.

It is possible to increase the number of housing units in North Arlington. Therefore, the supply of housing in North Arlington is not finite.

[/quote]

NP. Eventually you will run out of places to put new housing units. Thus .... finite.[/quote]

It's possible to build multi-story buildings.[/quote]

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