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Reply to "My idea for a new moco community thoughts?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Clarksburg is exactly what the OP describes. Villages with condos, townhomes, detached homes, with prices ranging from $250k to $1 million. Locationally, it is as if it is cut out of the AG. [/quote] Besides MPDU properties where can you find $250k properties there?[/quote] MPDUs are very paternalistic and while they are well-intentioned, they actually harm the financial position of people that qualify to buy them. The units literally are not allowed to appreciate more than inflation (for 30 years) and this effectively limits the financial/wealth accumulation benefits of homeownership. Even if held on to the MPDU for 30 years when MOCO finally allows you to sell it at the market rate, they take 50% of your gains in excess of the inflation adjusted price you purchase it at. The MPDU effort to make housing affordable is actually preventing low income households from building wealth for their family. [/quote]
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