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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anytime you NIMBYs say building more housing doesn't work, please just read this article and be quiet. Thanks.

https://www.oregonlive.com/business/2019/01/apartment-rents-dropping-in-seattle-landlords-compete-for-tenants-as-market-cools.html[/quote]

Yes, occasionally developers over forecast demand, and when there's a glut rents fall. No disputing that. Developers here have responded to falling rents by delaying new construction or warehousing units. It looks like they missed by a lot in Seattle.

Question for you: Of the 60,000 units that Montgomery County needs for new households by 2040, how many could be permitted tomorrow?[/quote]
DP. Where do you get that figure from?[/quote]

It's in the Thrive Montgomery paper. I'll just tell you how many units could be permitted in Montgomery County tomorrow: More than 30,000. That's right. Despite everything you've heard about NIMBYs causing housing to be unaffordable, the county has already approved plans accounting for more than half of its housing needs for the next two decades. No zoning changes needed. The county could provide for the balance of the units based on existing zoning. That would be bad for the environment and costly, so I support upzoning near transit, but only if it's accompanied by other changes that disincentivize developers sitting on approved plans for years to correct for the market structure.[/quote]
The “Thrive Montgomery” paper relies on the Planning Department’s 2019 “trends” report (using 2017 estimates and extrapolating) where it over estimated 2020 population by over 37,000 people. They were also completely wrong by a significant amount on their population growth rate estimate. They estimated that the county currently has a growth rate of 0.7% that would decline to 0.48% from 2035 to 2045. 
https://montgomeryplanning.org/wp-content/uploads/2019/01/MP_TrendsReport_final.pdf

However, in the Planning Department’s April 2021 report to the redistricting committee (which is where they need to be accurate because it affects their bosses), they noted that the current population growth rate decelerated consistently and rapidly over the last half decade was was 0.2% last year. 
https://www.montgomerycountymd.gov/COUNCIL/Resources/Files/BCC/redistricting/materials/DemographicsPresentation04282021.pdf

You could make the case that we need to build more housing to attract more people to keep our economy vibrant. But the estimates you are citing are inaccurate and it’s disappointing that the Plannimg Department would allow its credibility to be used like this. But then again maybe Mr. Anderson is hoping for a future in politics.

[/quote]
Just to add that the “crisis” isn’t housing, it’s declining population. In any event, I fully agree with you that zoning is not the problem. I disagree with your solution. This county is going to completely screw up Millennials. We didn’t have enough apartments when they needed them but then we started producing an over abundance as demand is decreasing. Now we refuse to produce single family homes to satisfy Millennial demand despite actually have their space and ability to do so. Idiots in charge and always 10 years behind. [/quote]

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