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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

So you don't really know anything about these people.  It's kinda weird that you rented a townhouse but aren't ok with other people renting a townhouse near you.[/quote]

I was walkable to metro, it was part of the urban village model. MM just passed, of course it wasn’t the random townhouse in the burbs scenario.

The entire complex was rentals, about 60% group homes, it’s not like i interview the owners of each of them. [/quote]

I don't know what to tell you, I personally think the poster's scenario of people spending 1.5ish million for a luxury townhome in North Arlington and then renting it  out as a group home  in 4 years while they move up to a single family home is very far-fetched.  [/quote]

Again, they probably won’t rent it out immediately as a group home, but it will become one eventually. Have you seen the incomes of people, no idea why you are so obsessed about it being $1.5M — that’s a starter home in Arlington. And people rent out their starter homes all the time.

“Luxury” is a meaningless phrase, I mean Luxury TOWNHOUSE, these are builder grade stick built townhouses, not Brooklyn brownstones.  [/quote]

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