Reply to MOCO - County Wide Upzoning, Everywhere

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Reply to "MOCO - County Wide Upzoning, Everywhere"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here is what I expect will be the end result:

First, there will be fewer SFHs and fewer neighborhoods with mostly SFHs.  This is of course the goal-namely, reduce the number of SFHs.  Otherwise, there is no increase in housing.  Second, SFHs have been shown to generate wealth for decades.  Condos and other housing options have not.  Third, middle class and upper middle class families will have fewer opportunities to generate wealth over their lifetimes.  They will be poorer or will leave MoCo.  Fourth, the families living on these multi-unit complexes will be poorer than the single family being replaced.  The change will be a net tax loss to MoCo.  Fifth, the rich will be fine, as their SFHs tend to be in more expensive neighborhoods, where the economics may not work (at least not now) in favor of multi-unit complexes.  Sixth, regardless, the wealthy are less dependent on housing for their net worth.  Seventh, at some point, even the more expensive areas will succumb to multi-unit complexes, at which point the rich who have not already left will then move elsewhere, creating more tax losses to MoCo.  Eighth, what upzoning fails to address the extensive underutilized commercial property in MoCo, where thousands of condos and townhouses could be built.
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This is mostly right, but MFH replacement won’t happen fast enough to swing neighborhoods to “mostly MFH.” There will be a negligible increase in total housing units, but nearly every MFH project will result in a net fiscal loss (maybe they think they can make it up in volume?). When this proposal fails to generate a significant increase in units or affordability, the YIMBYs will either claim that it worked or it wasn’t their idea. [/quote]

They will look at the decrease in property values and cite that data as some bizarro world victory.  See, we made everything so terrible that it’s cheaper!  Ta-da![/quote]

And the number of MoCo who will grow wealthier from owning their homes will decrease.  More renters, fewer SFH owners, less taxes.[/quote]

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