Anonymous wrote:As a current owner of a house zoned for single family use, I wonder if the modified zoning will increase the value of our house when it comes time to sell. I can see our home being a tear down and our lot is pretty big. Am I wrong to think we may benefit from the change?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
In theory it sounds good. But I don't think prices will decrease in any meaningful way. Affordable housing in desirable areas doesn't just doesn't seem to pan out. If you can't afford to live in an area, go live somewhere else. I would love to live in San Diego, but here I am in DC![]()
+1 to this.
Developers say this will bring affordable housing to make it more palatable, and the BOS will probably fall for it but there's no way the housing created from this will be affordable.
I don't know which developers are saying this, but the builders I work with think MMH will help them in several ways. First, they can build multiple units on one lot and the combined price of the units will be higher than the price of one house, even given the higher construction costs. Second, ArlCo will have to relax standards on set backs, lot coverage, and storm water management to get developers to build MMH. Builders can then argue that ArlCo has to do the same for single houses.
Anonymous wrote:As a current owner of a house zoned for single family use, I wonder if the modified zoning will increase the value of our house when it comes time to sell. I can see our home being a tear down and our lot is pretty big. Am I wrong to think we may benefit from the change?
Anonymous wrote:Anonymous wrote:Oh goodness, you know nothing about Arlington or McLean. The 1227 N. Utah St. house is in Ballston with a bunch of new houses being built around it. It was originally a single family home, and was converted to two 2 bedrooms, 1 bath apartments and one 1 bedroom, 1 bath ...
So you think Chainbridge Forest and the whole strip off Glebe and Old Dominion should be just fine with triplexes or quadraplexes like 1227 N. Utah? Plop it down on a lot with some extra green around the edges? I do know alot about North ARL and Mclean. What's next? Chesterbrook Woods is in the general area. Maybe FX County will allow 3-6 unit dwellings on lots there as well in a MM initiative. There are no new privates on the scope of a SSSA or Potomac. I haven't seen Bullis -VA plus Flint Hill plus Sidwell-VA East east pop up.
Anonymous wrote:Oh goodness, you know nothing about Arlington or McLean. The 1227 N. Utah St. house is in Ballston with a bunch of new houses being built around it. It was originally a single family home, and was converted to two 2 bedrooms, 1 bath apartments and one 1 bedroom, 1 bath ...
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
It's actually a catch 22. Once housing prices drop in Arlington, the "missing middle" will no longer be clamoring to live there. They only want to buy there now because they perceive that it's the ticket to wealth. But desirability does change over time. For example, PG County was viewed as being more desirable in the 1970s than it is today. (My parents lived in Greenbelt back then and said it was on par with desirable parts of Moco.) People shouldn't take for granted that just because Arlington is close in, it will always be desirable.
Same here. I grew up in Sleepy Hollow in Falls Church, and the schools were very good and the neighborhoods were middle to upper middle class. My parents sold their house on 3/4 of an acre for less than what we paid for an entry level house in Arlington. When we realized that Yorktown high school did not have the classes we wanted our out kids, we moved to McLean. Now my old neighbors are putting their elementary school kids into catholic and private schools. Arlington is becoming more like Alexandria with a divide between the rich and the poor. Sorry to say, but the missing middle people will be on the side of the rich, not the poor, and will only accelerate the decline of Arlington.
What part of McLean are you in?
Chesterbrook Woods
Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
Because what you’re saying is that you wish financial ill on current homeowners. Home values tanking has a real and immediate impact on those homeowners.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
It's actually a catch 22. Once housing prices drop in Arlington, the "missing middle" will no longer be clamoring to live there. They only want to buy there now because they perceive that it's the ticket to wealth. But desirability does change over time. For example, PG County was viewed as being more desirable in the 1970s than it is today. (My parents lived in Greenbelt back then and said it was on par with desirable parts of Moco.) People shouldn't take for granted that just because Arlington is close in, it will always be desirable.
Same here. I grew up in Sleepy Hollow in Falls Church, and the schools were very good and the neighborhoods were middle to upper middle class. My parents sold their house on 3/4 of an acre for less than what we paid for an entry level house in Arlington. When we realized that Yorktown high school did not have the classes we wanted our out kids, we moved to McLean. Now my old neighbors are putting their elementary school kids into catholic and private schools. Arlington is becoming more like Alexandria with a divide between the rich and the poor. Sorry to say, but the missing middle people will be on the side of the rich, not the poor, and will only accelerate the decline of Arlington.
What part of McLean are you in?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
It's actually a catch 22. Once housing prices drop in Arlington, the "missing middle" will no longer be clamoring to live there. They only want to buy there now because they perceive that it's the ticket to wealth. But desirability does change over time. For example, PG County was viewed as being more desirable in the 1970s than it is today. (My parents lived in Greenbelt back then and said it was on par with desirable parts of Moco.) People shouldn't take for granted that just because Arlington is close in, it will always be desirable.
Same here. I grew up in Sleepy Hollow in Falls Church, and the schools were very good and the neighborhoods were middle to upper middle class. My parents sold their house on 3/4 of an acre for less than what we paid for an entry level house in Arlington. When we realized that Yorktown high school did not have the classes we wanted our out kids, we moved to McLean. Now my old neighbors are putting their elementary school kids into catholic and private schools. Arlington is becoming more like Alexandria with a divide between the rich and the poor. Sorry to say, but the missing middle people will be on the side of the rich, not the poor, and will only accelerate the decline of Arlington.
What part of McLean are you in?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
It's actually a catch 22. Once housing prices drop in Arlington, the "missing middle" will no longer be clamoring to live there. They only want to buy there now because they perceive that it's the ticket to wealth. But desirability does change over time. For example, PG County was viewed as being more desirable in the 1970s than it is today. (My parents lived in Greenbelt back then and said it was on par with desirable parts of Moco.) People shouldn't take for granted that just because Arlington is close in, it will always be desirable.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Haven’t read all the pages on this, but just scanned a Boston fed report on increased density - even they say increased density makes neighborhoods less valuable/perceived quality declines for homeowners.
https://www.bostonfed.org/news-and-events/news/2022/10/boston-fed-research-relaxing-density-restrictions-best-way-to-increase-multifamily-housing.aspx
“House prices would likely fall with rents if greater housing density is allowed
The authors find that zoning reform that relaxes density restrictions doesn’t just reduce rents. It also causes house prices to fall—including single-family house prices. Their analysis shows that allowing one more housing unit per acre in a Greater Boston neighborhood increases the number of units in that neighborhood by an average of 0.4. This increase results in the neighborhood’s rents dropping more than 5% and house prices falling more than 7% on average (see graphic). House prices drop because the housing supply increases. Or they fall because when a neighborhood becomes denser, its perceived quality declines.“
Obviously, Boston is bigger than Arlington so our supply may not make a difference to prices but the perceived quality sure will decline!
that's great news! that way more people of all backgrounds can afford to live in Arlington. what's the problem with that?
It's actually a catch 22. Once housing prices drop in Arlington, the "missing middle" will no longer be clamoring to live there. They only want to buy there now because they perceive that it's the ticket to wealth. But desirability does change over time. For example, PG County was viewed as being more desirable in the 1970s than it is today. (My parents lived in Greenbelt back then and said it was on par with desirable parts of Moco.) People shouldn't take for granted that just because Arlington is close in, it will always be desirable.
Same here. I grew up in Sleepy Hollow in Falls Church, and the schools were very good and the neighborhoods were middle to upper middle class. My parents sold their house on 3/4 of an acre for less than what we paid for an entry level house in Arlington. When we realized that Yorktown high school did not have the classes we wanted our out kids, we moved to McLean. Now my old neighbors are putting their elementary school kids into catholic and private schools. Arlington is becoming more like Alexandria with a divide between the rich and the poor. Sorry to say, but the missing middle people will be on the side of the rich, not the poor, and will only accelerate the decline of Arlington.