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Metropolitan DC Local Politics
Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."
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[quote=Anonymous][quote=Anonymous]I don’t get why people think putting duplexes in is going to result in affordable homes. Do they think a lot that now holds a $1 million house will be torn down and replaced by two houses worth $500k? That’s not actually how the real estate market works. Why would someone tear down’a house for no financial gai n? Some will be made into duplexes and my guess is that each of those two new homes will be sold for about $1.5 -$2.5 million. (Please review DuPont circle condo projects in former SFHs in DuPont Circle) and other SFHs will be torn down and replaced by larger, fancier SFH that will sell for $2-3 million. It’s just a really dumb assumption.[/quote] Exactly. The YIMBYs just like deflecting blame from their developer heroes who could be building more housing but aren’t.[/quote]
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