Reply to We need homes. A lot of homes. Not just affordable, but also middle-income homes.

Forum Index » Metropolitan DC Local Politics

Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is market-rate development? It seems we have market-rate development now. [/quote]

Market rate development means: anyone is free to build the housing they want on their residential property and neither zoning boards nor historical commissions nor abutters nor NIMBYs get a veto.

Free to build the housing you want if you own the land. That’s what we need.

(I am a homeowner and am not a developer. Also, socially shun that trumper. Unbelievable to me he has anyone in DC that will talk to him after working for Trump. Some people have crappy values and no morals.)[/quote]

Market rate means pricing a unit at whatever the market will bear, in contrast to affordable, which has price caps and income restrictions. [/quote]

NO.  Zoning is a  market restriction. If you want market-rate units you need to repeal zoning restrictions that make it illegal to build, thus constraining the market.

It is zoning that turns each homeowner into a little dictator that can veto new housing around them, limiting the freedom of their neighbors.[/quote]

Sorry, that’s just not how the term of art is generally used. Your position/interpretation is extreme.

You should also look into how zoning actually works. Homeowners aren’t polled. They may express opinions. In many places, those opinions are ignored (not that they have much value or should be given much weight). [/quote]

DP. Maybe that's now what you mean by land use restrictions when you're talking about zoning with your husband, but in economic literature, zoning is a specific type of land use restriction.[/quote]

The existence of land use restrictions does not mean an absence of market rate housing. Whether something is market rate depends on how something is priced, not how the land is regulated. See, for example, every residential land use application filed to local planning authorities. Credible economists and land use bureaucrats do not use the term as narrowly as you do, so when you see the term used that way, it’s a sign that what you’re reading isn’t worth very much. The view that land use regulation precludes market rate housing is an extremist view. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics