Reply to Why do they allow all the tear downs in Bethesda?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Clearly, Bethesda needs more townhouse developments to allow for greater density and smart growth.[/quote]

The whole region needs more TH developments to address "the missing middle"  of housing for non wealthy, non poor families.   Hard to imagine a place more suited than one with excellent transit and walkability. [/quote]

Don't assume that townhouse developments are going to be at a price point for the missing middle.  Look at all the EYA townhouse communities that are being built - they are in the million dollar range.  The land is too expensive to build for the missing middle.[/quote]

There are a lot of townhouse communities in transit adjacent or close in locations with large new THs for under 1 million - for example Cameron Park by Pulte in Alex, starting at 700k.  Similar price for Mount Vineyard in downtown Fairfax.  Eisenhower Square close to the Carlyle area in Alexandria from 924k.

Now maybe in Bethesda and similar they start at 1million.  But by providing more 1 million dollar new THs. we relieve some of the demand for the older townhomes that exist, which are closer to the missing middle.  And of course if we built a lot of new THs, the premium for land (driven by its scarcity, which in turn is driven by our inability to get enough usage out of it) might be reduced. And of course even million dollar THs are affordable to many people who cannot afford new McMansions in Bethesda, so all is relative. [/quote]

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