Reply to Arlington Donaldson Run MM Triplex

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There are going to be expensive townhomes by any standard, and brand new. I think you will find young couples and young families looking to be in a nice quiet neighborhood with good schools. Bros aren’t interested in Donaldson Run and it’s a pretty lame location for a party house.[/quote]

Here’s how it goes down, the brand new townhouse is bought by a young couple with a baby. Within four years, they’ve outgrown it and realize that living with three stories, or four stories and no yard will not work with their preschooler and the second baby.

They will then decide it is a great investment and decide to rent it out for the next 20 years, which point it will become a tenant house and will very very soon become a group house, it only takes one instance to become a direct group house, and then the individual members move in and out, and it never dies like a cancer. [/quote]

Most people buying a townhouse in that price point can't afford to hold the townhouse as a rental after just 4 years and then also buy a SFH.  You're going to give yourself an ulcer with these crazy scenarios.

If it were me, I would be concerned about the plexes being rentals with high turnover.  That I get.  But consider yourself lucky if your neighborhood gets a few luxury townhomes.[/quote]

We lived in a townhouse rental, this is exactly how it goes down. What do you mean can’t afford?! The rent covers a huge part of the cost. [/quote]

You lived in a townhome that had been bought for well over a million dollars 4 years prior?  And then the owner rented i5 to you and spent 2 million on a SFH?[/quote]

The townhouse cost $980k, but I don’t know how much their house cost because I mailed my checks to an LLC PO BOX. But the realtor told me that they lived in a house in Lyon Park. [/quote]

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