Reply to There is no housing crisis in MoCo or most of the DMV for that matter

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[quote=Anonymous][quote=Anonymous]I hope people against up zoning single family neighborhoods aren’t also demanding a return to office.

For dual GS-11 salaries ($160k a year) to have a family and okay public schools, you’re basically talking Frederick. [/quote]

Your two GS-11s (step 1) can spend $4,100 a month on housing without being considered housing burdened. There are plenty of rentals (even with two bedrooms) inside the beltway in Montgomery County available for less money than that. The YIMBY plan is for everyone to rent, so it works out perfectly (probably because the market is set up precisely to meet this demand).

Also these two 11-1s are probably under 30 because otherwise they would have more steps or a higher grade. Their household income will reach almost $180,000 within four years (plus annual increases) and top out around $215,000, at which point they could pay $5,375 a month without being considered housing burdened. Again, there are plenty of units available at the this price (or less) right now.

Is it a coincidence that housing is priced consistently with these incomes or a sign that prices are a function of household income?Why should a developer do anything that results in people paying less than 30 percent of gross income now that 30 percent is the standard?[/quote]

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