Reply to Say it with me: ADUs drive housing prices UP not down

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Reply to "Say it with me: ADUs drive housing prices UP not down"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We live in a starter home with a decent sized yard. We could easily fit an ADU and we could pay for it by borrowing against the appreciation in the value of our home. And that would increase the value of our home overnight by probably 30 percent.

How exactly does that help affordable housing? How does that help someone trying to save up to buy their first home, a starter home like ours? All it does it drive the price of our starter home beyond the budget of anyone who would be in the market for a starter home.

I can't tell if the D.C. government is cynical or just stupid in how they portray policies that are designed to enrich developers and people who already own homes as somehow helping everyone else. [/quote]

1) the income it provides to you helps make your house more affordable
2) the rental unit provides a lower cost option to another person or family[/quote]

There is a #3.

Your neighbors' homes just became more affordable because their home value will now reflect living next door to a SFH with another dwelling and more people in the backyard.   All all things being equal, the next homebuyer will select a SFH, next door to other SFHs.  Unless, they too want to put an ADU on their property.  Pretty soon the whole street will have 2x the people, cars, trash, impact on schools, etc.    Hard pass.    [/quote]

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