Originally Posted by
Midtowner
Agreed it's more of an overall housing affordability issue. But nurses, teachers and firefighters live in Edmond, there is affordable housing here. These developers aren't building affordable housing though as alluded to above. These are going to be apartments where a studio is going to set you back around $1,000 per month. In the short term, the folks in 2-3 bedroom apartments will be paying more in rent than I do for my mortgage for a home 3 times the size of theirs sitting on a good sized suburban lot.
My child will have long graduated from HS before these apartments, as all apartment complexes do, start changing hands and deteriorating because that's what apartments do and that's how the apartment business works. But assuming I live an average life expectancy, this will have a major impact on my neighborhood.
Investors are never good neighbors.
Edmond Schools have been great for 100+ years and will continue to be so long as residents insist on quality developments.
Bookmarks