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Real Estate
Reply to "WSJ: rapidly growing mismatch between the price of available housing inventory and demand"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We need to expand affordable housing, increase density by changing zoning laws, in places that increase accessibility to transit. And yet instead, all the new developments seem to be either giant mcmansions way far out there, or giant new 1-bedroom apartment buildings in urban neighborhoods. [/quote] The giant fat McMansions are also replacing old housing stock close-in. There is going to be a glut of 6+bedroom Craftsman houses all over the area with a 'dated' look in 7-10 years. These are going for $1.6-$2.5 million around us--but they are all very similar. I just don't see a market for all of these very gigantic houses down the road. [/quote] Agreed. We briefly looked in Vienna, and the Craftsman McMansions right next to original ramblers just look laughable. I'm all for updating the housing stock, but they seem so out of place. Once the "newness" has worn off, I can't imagine they'll be all that desirable. [/quote] Ah yes, the inevitable criticism of the new Craftsman-style house one finds in Bethesda and North Arlington. Undoubtedly this criticism comes from folks who cannot afford to buy one.[/quote]
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