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Joined: 10/07/1999
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Happy Dog
Founder

Not at concern in Arlington

There is a push to fix the "missing middle" problem by removing all single family zoning and allowing the building of just about anything anywhere. Not sure developing the Rouse Farm property with 50 incredibly ugly "starting at $1.4M homes" is going to address that, but I am going to have to fight to prevent somebody from building a duplex when my neighbor behind me expires.
Posted: 03/19/2024 at 10:32 AM ET
(In response to this post by HokieNoVA)

Thread Replies (68)

Full Thread →
Here's a graphic that explains rising prices for existing homes.
Will StewartAdmin • 03/19/24 10:12 AM ET
I use to live in a 12x60 on a small lot
UberHOKIE • 03/19/24 01:01 PM ET
I'd almost argue we have a "housing people want" shortage.
HWA • 03/20/24 02:21 PM ET
Yes. Then get old and can't get up or down stairs
UberHOKIE • 03/20/24 03:23 PM ET
We live in the Richmond city limits and decided private school is cheaper..
MP4VT2004 • 03/19/24 12:51 PM ET
I'd be really careful with private schools. We're getting ready to send
reestuart • 03/19/24 01:11 PM ET
Grandson goes to the Jewish center preschool in Allentown PA cause it’s the
DonHo-kieHi • 03/19/24 10:55 PM ET
😆 **
reestuart • 03/20/24 07:40 AM ET
If you live in city of Richmond you really need private**
ModerateHokie • 03/19/24 03:48 PM ET
Was gonna say...be MORE CAREFUL of RPS! Private schools a must in Richmond**
HOKIERIT • 03/19/24 07:06 PM ET
As a former RPS inmate, I approve this message. **
YardBird • 03/20/24 09:35 PM ET
We are really happy with the school we chose.
MP4VT2004 • 03/19/24 01:51 PM ET
Overall, it's been a positive experience. After the first year or two, we
reestuart • 03/19/24 03:12 PM ET
That is a valid concern. For us, it's actually been the opposite.
MP4VT2004 • 03/19/24 07:06 PM ET
Sounds like it’s going to be a good move. Here’s hoping for the best!**
reestuart • 03/19/24 08:27 PM ET
Thank you!**
MP4VT2004 • 03/19/24 08:28 PM ET
??? Homes in the city are far more expensive than surrounding counties. And
ModerateHokie • 03/19/24 12:53 PM ET
Not in my part of the city...we're on Southside. And our rate is under 3%.
MP4VT2004 • 03/19/24 12:57 PM ET
I use this EVERYDAY to tell people why waiting to buy is not the way **
AnotherTechW • 03/19/24 12:19 PM ET
Unless by "wait" you mean ten years. I've bought/sold 3 times in the last
Tafkam Hokie • 03/19/24 12:30 PM ET
Simple supply and demand - population increased and builders had no
AnotherTechW • 03/19/24 12:32 PM ET
Need to note that the top graph is only "existing single-family homes....
BleedinOandM • 03/19/24 11:59 AM ET
here's another graphic that's coming back to bite us
ME Hokie 07 • 03/19/24 11:43 AM ET
This!!!! And what incentive to builders have now to build quickly?
AnotherTechW • 03/19/24 01:27 PM ET
Builders should build quickly to make more money in less time...
hokiehunter07 • 03/19/24 02:51 PM ET
For a split second I thought you were going to link the old TSL tshirt
Nova Hokie 95 • 03/19/24 11:47 AM ET
Before his time here
MEHOKIE • 03/19/24 11:51 AM ET
Seems to me you have two things pushing against each other
Baltimore Hokie • 03/19/24 11:39 AM ET
Except in this case, higher interest rates aren't really driving prices
Tafkam Hokie • 03/19/24 12:19 PM ET
I don’t want to trade my 4% mortgage for one at 7%.
RoswellGAHokie • 03/19/24 10:44 AM ET
We built a house in 2021 and locked in at 2.4%
99VT • 03/20/24 08:34 AM ET
I bought in 2010 at 5.35% = Smart. I did not refinance during covid = Dumb.
OrlandoHokie • 03/19/24 12:03 PM ET
This may be a stupid question, but
HokieByWater • 03/19/24 11:40 AM ET
Ultimately, yes. But when someone sells and buys, they are typically
Tafkam Hokie • 03/19/24 12:33 PM ET
no, because they could be older, selling home moving to
VT Pez4Life • 03/19/24 11:44 AM ET
Yep. Also glad we bought in 2011. Perfect timing**
MAHokie69 • 03/19/24 11:00 AM ET
Its also not helping that 1 in 3 homes are bought by "investors" now
HokieNoVA • 03/19/24 10:21 AM ET
Not sure I believe that figure.**
KeithHokie89 • 03/19/24 11:51 AM ET
I don't know about the stat, but I do know companies have bought some
BG Hokie • 03/19/24 02:54 PM ET
We went thru a spell of that in Bristol because of the Casino**
UberHOKIE • 03/19/24 12:43 PM ET
Feel free to check the bibliography.**
HokieNoVA • 03/19/24 12:12 PM ET
So what is the cause of the huge downturn in inventory?**
HokieByWater • 03/19/24 10:20 AM ET
Some of it is due to the low interest rates of a couple of year agao....
Jackie VT • 03/19/24 11:38 AM ET
Governments have not come up with incentives for 'affordable' housing
HokieHusband • 03/19/24 11:22 AM ET
and to the contrary, mortgage interest deductions incentivize wealthier ...
`lag • 03/19/24 12:49 PM ET
This post by EDGEMAN removed by Tech Sideline admin
its a well known fact that illegals cross the border with $1M+ in cash
ME Hokie 07 • 03/19/24 11:46 AM ET
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Several things
Tafkam Hokie • 03/19/24 10:50 AM ET
Residential development gets tons of pushback in my county
HokieNoVA • 03/19/24 10:25 AM ET
thats LoCo for you, but still building townhouses in bulk**
BRVT • 03/19/24 11:31 AM ET
Yeah, townhomes are pretty much the only housing getting built right now
HokieNoVA • 03/19/24 12:24 PM ET
Not at concern in Arlington ◄
Happy Dog • 03/19/24 10:32 AM ET
Townhomes behind where my son lives are "starting at $1M". Townhouses.
RhinoVT • 03/19/24 11:42 AM ET
Saw signs for ones starting at $990k the other day
Happy Dog • 03/19/24 12:55 PM ET
Supply is not down in chesterfield we still have a building boom
HokieJamie • 03/19/24 10:14 AM ET
Supply = homes "for sale". That number is down presumably even in
BG Hokie • 03/19/24 02:51 PM ET
I see it everywhere here in NOVA, but still just trying to catch up
turkeywinghokie • 03/19/24 10:55 AM ET
just wait . . . Big development coming off Midlo soon. **
RhinoVT • 03/19/24 10:37 AM ET
I live off 360. It's cray cray**
HokieJamie • 03/19/24 11:18 AM ET
consider they want to expand powhite
VT Pez4Life • 03/19/24 12:03 PM ET
I grew up there from the time I was 5yo until I graduated from VT in 2007
ME Hokie 07 • 03/19/24 01:46 PM ET
We've added 23k since 2000. They will blow past that projection**
HokieJamie • 03/19/24 12:44 PM ET
And one elementary school. **
RhinoVT • 03/19/24 12:10 PM ET