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Metropolitan DC Local Politics
Reply to "Marc Elrich doesn’t think there “is demand for market housing.” He’s never going to fix our housing."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The issue is that that price of land in the county has eclipsed the average wage/affordability. We have a lot of rich people in MoCo (as does surrounding counties of the DMV), but also lots of middle and lower income people too. Developers make better profits catering to the wealthier residents, but that market is tapped out. The demand for housing is enormous among lower and middle class residents, yet the speculative prices for land are just too high to cater to that demographic. How do we bridge the gap? Summary: There is no more cheap land. But we still have insatiable demand among lower and middle-income residents. How do we fix it?[/quote] By enabling more housing to be built, including on land where there already is housing.[/quote] There's no reason to build low income housing if there is middle class demand. [/quote] County needs to focus on the middle class. Otherwise, County will continue its never ending decline.[/quote]
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