Why would you wait for a house to be paid off to move?

With fios since 2017. I can count the outages I’ve noticed on one hand. With Cox it felt like a monthly occurrence.

Wow. Wrote to my rep and senator! This is garbage.

I can’t speak to the conversion costs, but our first year of heating with natural gas was about 1/3 the price it had been with oil.

This is mostly a good thing, akin to UBI for a small group of means tested people chosen at random. In effect, a lottery will need to be drawn for below market rents if this ever gets built. It will help those who are selected. It will add housing. Those who are not selected will wait years because there will be nothing close to this price for anything good on the market. One thing I didn’t see the article address is what impact this has had in Montgomery County.

The real problem is more housing is needed, period. All types and all densities are necessary to address the problem at hand. Every time you see housing shut down by NIMBYs, you can thank them for existing home prices. Don’t be shocked if this gets the same treatment as Fane Tower. They’re NIMBYs of a different stripe with different beliefs, but the result will be the same - no new housing.

Yup. Trader Joe’s and Aldi have the same ownership but operate a little differently. I love Dave’s and I want to support them but their prices are sometimes even worse than Whole Foods. I can’t justify it.

I do finance for a local municipality. My wife is an NP. Our combined income is 250k. Our house (bought in 2017) and cars are old and cheap. I am all about not having debt / investing whatever we can for our family & retirement. Maybe someday when the mortgage is paid, we’ll splurge on a boat or a vacation house, but right now with a small child that’s a totally unnecessary luxury we would rarely use.

That’s how we’re doing it too. House was bought in 2017 for a price well below our means then and even more so now. Cars were bought used and paid off quickly and we hope to ride them into the ground for 10 more years (they’re Lexus so it’s possible). We ditched Whole Foods / Dave’s unless it’s absolutely necessary and shop more at Aldi now than ever before. That has essentially saved us an additional car payment each month.

The answer is NIMBYs. We don’t have more housing because every development that includes more housing than a site had before is pushed back on by “concerned citizens” who claim to want to prevent this or that or save this or save that, but ultimately don’t want condos near them, especially if they’re “affordable”, whatever that means. And because less housing means homeowners net worth goes up, it’s there’s little incentive to allow further development.

College hill never looked so cozy

I know right. I’m going to piss in my home sink like a gentleman

If only we had a large number of housing unitsbeing built in a concentrated space that would fill downtown with more people who would spend money after regular work hours.

Probably depends on what you mean by “some” drywall but if it’s just a few sheets worth you’re most likely ok.

Good on you guys for being patient. I know it can be hard when you’re gung ho about buying and sometimes if you squint, a house that’s not right for you looks like the right one.

We own but almost bought a house that cost 2.5x our current house with no additional square footage just to be 5 minutes from the ocean. Then it dawned on us: who gives a shit if you’re 5 minutes from the ocean or 25 minutes from the ocean? You still have to drive. Best decision we’ve made since buying our first house.

Developers need profit incentives. Housing doesn’t just happen, no matter how hard people wish.

Not how housing prices work. The market is whatever people can pay, not what developers want to charge. That’s basic economics.

I’m not as disappointed at this deal getting canceled as I am at the number of morons who seem to think this is a good thing for anybody. People on both sides of the aisle are shockingly ignorant about basic economics.

News flash: we want people from out of state with money moving here. They bring high education levels, improving the labor market and attracting business.

But even ignoring that point, the taxes would be from the businesses and people living in that building along with all the jobs building it would have created for several years, and the additional businesses that would have been able to open as a result of the influx of high earners providence sorely needed for its tax base.

But even ignoring that indisputable point, we need more units of housing EVERYWHERE at all levels. This is basic supply and demand. Now we get nothing for at least 10 more years. Watch as NIMBY heads explode at whatever new project is proposed. They will find some excuse.

This person doesn’t understand basic economics, nevermind accounting tricks. My god. So ignorant.

It’s going to take many years and for a much lower tax base increase. If we had land value tax it wouldn’t matter but the building size matters.

So do you honestly believe housing stays empty forever if they’re considered “luxury” and nobody can pay that price? Or do they eventually reduce the price to whatever the market will allow, get filled, the new occupants old houses become vacant, and so on. Because that is how economics works my friend.

A) you’re wrong. More housing is the only true affordable housing, period. And B) In case you weren’t aware, developers need profit incentive. NIMBYs doing a great job at scaring big ones away. Good luck finding a charitable development organization. And wait until you see the NIMBY backlash if there ever was a development with all “affordable” housing, which is an arbitrary term that means whatever the idiot uttering the phrase wants it to mean.

More housing means there’s less of a shortage which means landlords and home sellers can’t just charge whatever they want. Supply and demand.

Huge L. Millions lost in tax revenue. No new businesses stemming from this development. No jobs. NIMBY scum wins again.

The city just lost many millions. Instead of getting tons of property taxes the City gets nothing and the homeowners will have to make up the difference. Oh well. Not like there’s a housing shortage, pension deficit and educational crisis. I’m sure they have plenty of time to wait another 5 years so NIMBYs can prevent housing again.