Reply to MoCo “Attainable Housing” plan and property values

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It will ruin neighborhoods and reduce properties values in some neighborhoods without protections from excessive density. Neighborhoods with protective  covenants and HOA's that prevent multifamily housing will become more valuable. Some properties close in that have higher redevelopment potential will increase in value due to higher land prices. Many of the others will lose value  and resident quality of life will go down hill. Single family communities close to high quality  private schools with strong HOA/Covenants to protect thew neighborhood are likely safe. However, many middle class homeowners in desirable school attendance zones will be financially destroyed if this passes.[/quote]

Have any of these things happened with Missing Middle in Arlington?[/quote]

Nope. 1.5 - 1.7 missing middle home builders don’t even advertise their properties as demand is so high, and they get contracts on those properties pre-construction most of the time.

Missing middle is not new. The Coconut Grove area in my Miami is the one I’m most familiar with because I have a relative that lives there and it’s one of the most, if not the most expensive area to buy home right now. [/quote]

So, because that happened in a completely dissimilar community (and with a different approach), it certainly will happen along University Boulevard where they are pressing for it presently (and where the lower acquisition cost vs. TKPK historic district, CC & Bethesda mean low-hanging fruit for developers), and we shouldn't wait to see the few-years-later effects on more similar communities/approaches in Arlington before diving in ourselves, right? :roll:[/quote]

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