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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]Take 1 acre of land. Buy it for $1M. Build one house on it and sell it for $1.5-2M or build 8 condos and sell each for $300K-$400k. In the first scenario I make $500k to $1M in profit. In the second I make $1.4M to $2.2M. I’ll take the second please and also have 8 times as many people living in the county, performing MC and LC jobs and paying sales tax and real estate tax in my county. It is not about affordable housing, it is about smart business and free markets and not letting rich NIMBYs have their way in hoarding land for large estates and preserved green space. [/quote] Dude: MC families want sfh neighborhoods, not mf units.[/quote]
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