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OP said "there's nothing new being built" and now you're just talking about "luxury high rises". There is plenty of housing being built that is not "luxury hig
by massysett 10y ago
OP said "there's nothing new being built" and now you're just talking about "luxury high rises". There is plenty of housing being built that is not "luxury high rises," though even plenty of those are being built too--parts of Silver Spring have been transformed over the past decade.
- antisthenes 10y ago> There is plenty of housing being built that is not "luxury high rises," though even plenty of those are being built too--parts of Silver Spring have been transformed over the past decade. That is even less true. There's almost no affordable housing being built in the Silver Spring or Bethesda/Rockville area. All the condos in new construction start at ~$300k for a 1BR, which is definitely not in the affordable category. Still waiting for those counterexamples with Zillow listings and the such.
- massysett 10y agoGoalposts are moving all over the place here. OP: "there's nothing new being built", to which I said there is plenty being built. Then: "there's maybe 1-2 luxury high rises going up at once at the most", to which I said there is "plenty of housing being built that is not "luxury high rises"". Now the retort is "There's almost no affordable housing being built in the Silver Spring or Bethesda/Rockville area." I don't even know what you define as "affordable" but I will leave you with a $300k brand new 3BR townhouse condo right near the Beltway. I'm not going to answer your claim about SS/Bethesda/Rockville because nobody ever claimed there is plenty of affordable housing being built there. With that you can go and slide your goalposts around some more even though I have negated every single strawman that has been thrown up here. http://www.drhorton.com/Maryland/Maryland/Glenarden/Woodmore-Towne-Centre/Devon http://www.drhorton.com/Maryland/Maryland/Glenarden/Woodmore...
- eldavido 10y agoDC's household median income is 75k. [1] Your "unaffordable" condo is 4x the household median income. In SF, the median household income is 84k. [2] The median 1br sale in SF was for 827k. [3] I'm willing to debate what constitutes "affordable" but let's call a spade a spade. SF is in an entirely different league of affordability than DC. And my contention is that anti-development policy plays a big part in it. [1] https://www.washingtonpost.com/news/local/wp/2016/09/15/d-c-and-maryland-have-the-highest-median-incomes-in-the-country/?utm_term=.c44c893f1529 https://www.washingtonpost.com/news/local/wp/2016/09/15/d-c-... [2] http://www.sfhip.org/index.php?module=DemographicData&type=user&func=ddview&varset=1&ve=tab&pct=2&levels=-1&varid=2419&vl=tb&sregcomp=1 http://www.sfhip.org/index.php?module=DemographicData&type=u... [3] https://www.trulia.com/real_estate/San_Francisco-California/market-trends/ https://www.trulia.com/real_estate/San_Francisco-California/...