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Reply to "Arlington - the hypocrisy is shocking"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I mean, missing middle is itself a scam. A developer handout in disguise. It was never about “diversity.”[/quote] This. Investors are scooping up all these properties and turning them into rentals. This was never about teachers or minorities buying houses. [/quote] Heaven forbid! Not more rentals! I mean, we all know that the laws of supply and demand don't apply to real estate, especially the rental market. :roll: This is the unintended consequence of government policies promoting home ownership (tax deductions, low interest rates, etc). Make more people "owners" and suddenly they are opposed to increased housing supply, because that reduces the value of their investment. Everyone wants to pull up the ladder once they climb it. It's just like they say about wilderness areas -- "A developer is someone who wants to build a cabin in the woods. An environmentalist is someone who already owns a cabin in the woods." It is the height of hypocrisy, and the least you all can do is be honest about it. [/quote] DP. I’m not against rentals but they shouldn’t have trotted out the NAACP to talk about how it would increase homeownership for minorities in Arlington in order to get people in the south side of the county to vote for it. Also in many cases they’re replacing older style homes that would rent for less than a single unit in new rentals at multiple times the price. They’ve been building the same type of luxury rentals throughout the county for years and rental prices have increased year over year. [/quote]
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