Thank you for responding. A lot to unpack in your reply…
You bring up the demographic pyramid, but our pyramid is incredibly distorted by TAMU. The effect of 70,000 students on the housing market cannot be ignored. (You have been a leader on the current council on dealing with the impact of student housing in neighborhoods it is appreciated.) Many people, residing both and outside of College Station, own houses here which they rent to students. They make money off of these rentals because they can charge the students relatively high rents which more than cover their mortgages and taxes. These are houses which are no longer available for homeowners who live and work here to buy. People who want to buy a house to live in some neighborhoods are in direct competition with investors who want to rent houses to students.
(When I drive through Southgate I see properties where people I knew 30 years ago raised families. For various reasons these people are gone. Their former houses have been turned into student group houses or (even worse) AirBNBs.)
Are we turning into a retirement community because people bought here 40 years ago, raised their families, and just haven't moved on/died yet? That's a cyclic situation, and in 20 years there would be a rejuvenation in demography as people do pass on and their heirs sell their houses. Or are we turning into a retirement community because old Ags are retiring from their jobs in Houston, selling their houses in River Oaks and then buying up here so they can enjoy Aggieland in their leisure? These scenarios argue for different responses. My guess is that both things are happening.
Developers want to maximize their profit. My guess is that they think they can do this either by building high-end expensive houses or by building cheap student housing which they/their clients can rent at high rates. You would strengthen your argument a lot if you could discuss actual instances where developers chose not to build a starter neighborhood because of these fees. One could argue that the city council could on a case-by-case basis waive these fees if they felt the development would advance the overall good of the city by providing affordable housing to young families, instead of student housing or another high-end neighborhood. Has this ever been proposed?
As for jobs for recent graduates in this town, well that's a whole other discussion…
You bring up the demographic pyramid, but our pyramid is incredibly distorted by TAMU. The effect of 70,000 students on the housing market cannot be ignored. (You have been a leader on the current council on dealing with the impact of student housing in neighborhoods it is appreciated.) Many people, residing both and outside of College Station, own houses here which they rent to students. They make money off of these rentals because they can charge the students relatively high rents which more than cover their mortgages and taxes. These are houses which are no longer available for homeowners who live and work here to buy. People who want to buy a house to live in some neighborhoods are in direct competition with investors who want to rent houses to students.
(When I drive through Southgate I see properties where people I knew 30 years ago raised families. For various reasons these people are gone. Their former houses have been turned into student group houses or (even worse) AirBNBs.)
Are we turning into a retirement community because people bought here 40 years ago, raised their families, and just haven't moved on/died yet? That's a cyclic situation, and in 20 years there would be a rejuvenation in demography as people do pass on and their heirs sell their houses. Or are we turning into a retirement community because old Ags are retiring from their jobs in Houston, selling their houses in River Oaks and then buying up here so they can enjoy Aggieland in their leisure? These scenarios argue for different responses. My guess is that both things are happening.
Developers want to maximize their profit. My guess is that they think they can do this either by building high-end expensive houses or by building cheap student housing which they/their clients can rent at high rates. You would strengthen your argument a lot if you could discuss actual instances where developers chose not to build a starter neighborhood because of these fees. One could argue that the city council could on a case-by-case basis waive these fees if they felt the development would advance the overall good of the city by providing affordable housing to young families, instead of student housing or another high-end neighborhood. Has this ever been proposed?
As for jobs for recent graduates in this town, well that's a whole other discussion…
