Comments on: Route One ‘Northgate’ Highrise Planned http://rethinkcollegepark.net/blog/2006/173/ Helping imagine a great college town for a great university Fri, 25 Jan 2013 04:03:38 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: David Daddio http://rethinkcollegepark.net/blog/2006/173/comment-page-1/#comment-371 David Daddio Wed, 25 Oct 2006 14:04:41 +0000 http://rethinkcollegepark.net/blog/2006/173/#comment-371 I agree $500,000 is a hefty mortgage for the average person, but it is indeed the reality for anyone purchasing even a relatively small house in this region. See http://www.zillow.com/. I agree $500,000 is a hefty mortgage for the average person, but it is indeed the reality for anyone purchasing even a relatively small house in this region. See http://www.zillow.com/.

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]]> By: Jane Doe http://rethinkcollegepark.net/blog/2006/173/comment-page-1/#comment-370 Jane Doe Wed, 25 Oct 2006 13:14:45 +0000 http://rethinkcollegepark.net/blog/2006/173/#comment-370 "Keep in mind that many of these units will go for upwards of half a million. Very few students are going to be able to afford the required rent regardless of whatever covenants the city or county tries to make part of the zoning deal." =============================== A person who can afford the mortgage on upwards of half a million dollars is more than just reasonably well off! FEW staff members have salaries that would support that kind of debt.. “Keep in mind that many of these units will go for upwards of half a million. Very few students are going to be able to afford the required rent regardless of whatever covenants the city or county tries to make part of the zoning deal.”
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A person who can afford the mortgage on upwards of half a million dollars is more than just reasonably well off!

FEW staff members have salaries that would support that kind of debt..

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]]> By: David Daddio http://rethinkcollegepark.net/blog/2006/173/comment-page-1/#comment-328 David Daddio Mon, 23 Oct 2006 22:52:30 +0000 http://rethinkcollegepark.net/blog/2006/173/#comment-328 Keep in mind that many of these units will go for upwards of half a million. Very few students are going to be able to afford the required rent regardless of whatever covenants the city or county tries to make part of the zoning deal. This tower is just the beginning - they'll be plenty of places for everyone to live. This is also a renters vs. residents debate, not just students vs. residents. What is concerning is the repetition of these exactions in other buildings like on the 9 story tower going up on the city hall site and Mosaic at Turtle Creek behind Hillel. if this is the only way we can get some higher end housing then so be it - as long as it is consistent with the law. Keep in mind that many of these units will go for upwards of half a million. Very few students are going to be able to afford the required rent regardless of whatever covenants the city or county tries to make part of the zoning deal. This tower is just the beginning – they’ll be plenty of places for everyone to live. This is also a renters vs. residents debate, not just students vs. residents. What is concerning is the repetition of these exactions in other buildings like on the 9 story tower going up on the city hall site and Mosaic at Turtle Creek behind Hillel. if this is the only way we can get some higher end housing then so be it – as long as it is consistent with the law.

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]]> By: Shawn Magnuson http://rethinkcollegepark.net/blog/2006/173/comment-page-1/#comment-327 Shawn Magnuson Mon, 23 Oct 2006 21:37:21 +0000 http://rethinkcollegepark.net/blog/2006/173/#comment-327 What areas DOES the city want students to live in? What areas DOES the city want students to live in?

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]]> By: Sam Snellings http://rethinkcollegepark.net/blog/2006/173/comment-page-1/#comment-317 Sam Snellings Mon, 23 Oct 2006 04:29:14 +0000 http://rethinkcollegepark.net/blog/2006/173/#comment-317 Does College Park have any restrictions on second-home ownership? Owning multiple units creates great opportunity for renters, but also pushes the cost of home ownership higher and higher as non-primary ownership demand is increased. I know many towns have/are classifying second-home ownership as a 'business' and requiring lengthy registration and taxation to discourage the practice. Does College Park have any restrictions on second-home ownership? Owning multiple units creates great opportunity for renters, but also pushes the cost of home ownership higher and higher as non-primary ownership demand is increased. I know many towns have/are classifying second-home ownership as a ‘business’ and requiring lengthy registration and taxation to discourage the practice.

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