River Towers a condominium development surrounded by 26 acres of parkland. River Towers is a commuter's dream, near everything, but away from it all.
Relax at one of the many park benches where you can watch the birds sing and the squirrels frolic. Enjoy a lonely walk along the surrounding paths. Jog the Potomac Bike Trail or just sit back and relax at the private club room. Dock at the nearby boat slips or rent a boat from the marina. (Residents have access to boat parking and kayak racks.)
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Kingstowne is planned community with nearly 5400 residences. Along Kingstowne's rolling boulevards one will find a nice mixture of condos, townhouses and single family homes. Kingstowne has an open and surburban feel. Kingstowne Towne Centre has shops, grocers, restaurants, banks and fast food: all the conveniences of modern life. Nearby Springfield Mall serves most shopping needs.
Kingstowne's 22,000 acres are so expansive, that some folks refer to the general area (including nearby subdivisions like Manchester Lakes and Island Creek) as Kingstowne. Kingstowne is in Fairfax County, and most residences here have Alexandria postal addresses. The surrounding area is more rightly called Springfield or Franconia.
Kingstowne is located just outside the Capital Beltway (I-495) and has easy access to the Springfield Mixing Bowl (the enormous junction of Interstates 95, 395, and 495). This provides residents a good commute to major employment centers like the Pentagon, Washington DC, Tysons Corner, Arlington and Alexandria. Via back-roads, Kingstowne connects very easily to Fort Belvoir and parts of Alexandria.
The residents of Kingstowne can also reach downtown DC via the Metro's Blue Line at the Springfield-Franconia Metro or the Van Dorn Metro. Springfield-Franconia station is closer to Kingstowne and offers plenty of parking. Van Dorn Metro is closer to town and offers a "kiss and ride"
Check here for the latest price drops in and near Kingstowne.
1BR/1BA Condo / $1195 /month
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Contact Ben Fornshell for more information.
Alexandria VA is a city that has made a commitment to "affordable housing". One of the policy tools to achieve fair and affordable housing has been "Section 8 rent vouchers".
Section 8 was designed to make housing affordable for the poor and working poor. Sadly, I think the Section 8 program has worked counter to its stated goals, reducing the affordability of housing and at the same time increasing the number of people dependent on the government. Here's why.
As many already know in some neighborhoods, a high percentage of residents use Section 8 vouchers to supplement or pay rent. In these neighborhoods and in any investment in America, the value of the investment is a factor of the income that investment produces. Thus, the more income a property generates, the more money a property is worth. Section 8 artificially pumps up the amount of income that a rental unit produces. A high income producing property is worth more money than a low income producing property. Thus, Section 8 increases value and reduces affordability in the neighborhoods where Section 8 housing is prevalent.
It is not uncommon in Northern Virginia to find a situation where a tenant pays $25 to $250 monthly but because of Section 8 assistance the landlord receives $1800 monthly. Because the value of a property is directly related to the income of a property, that means that instead of being worth $35k to $70k, the same property is worth $200k to $400k. These rents and sales price are out of reach for working-poor and middle income folks. They simply can't afford to pay the same the rent that Section 8 pays. Furthermore, the working poor and many middle class folks can't afford to buy at the price that Section 8 justifies.
Therefore, Section 8 hurts the economically-disadvantaged renters that would loved to own or rent a decent property close to the city.
Section 8 houses also forces workers to live in out-lying suburbs because it would be senseless for a hard-working poor to middle income person to pay top-rent for a neighborhood in an at risk neighborhood. This means that Section 8 also hurts taxpayers who have to pay for congested roads, because the working poor must live in out-lying areas.
Lastly, Section 8 hurts buyers and small-time investors because the prices in these neighborhoods are artificially propped up by the guaranteed Section 8 income.
So, what would happen if there was no Section 8?
Some Section 8 renters would be displaced. They would be forced to find housing that they could afford. That would cause hardship and pain. As I know myself through personal experience, hardship and pain create motivation. Motivation creates opportunity. Opportunity creates wealth. Many Section 8 residents would be forced to disperse to outlying areas that they could afford. This would break up poverty pockets and would weaken the influence of gangs and hopelessness.
If Section 8 were no more, the value of many formerly Section 8 properties would plummet. That's because landlords and investors would bail out of a neighborhood where they can only collect $250 to $500 rent where they used to collect $1800 rent. That would hurt the investors who are highly leveraged in those neighborhoods and freeze those who could weather the storm.
When the prices in the neighborhood bottom out, groups of people such as the working poor, minorities and small-time investors would have a huge opportunity to buy in this neighborhood. Once these people started buying in the neighborhood, the neighborhood would transform from a bastion of hopelessness into a place of hope and opportunity.
Little guys could buy and live in property that is closer to the city and this would start a cycle of empowerment rather than a cycle of impoverishment.
Tell me why I'm wrong ...
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Condos, townhouses and real property in Alexandria, in Arlington, in Falls Church, and in Fairfax County. Try our fast and free MLS database to search for condos and real estate in Northern Virginia!
Will Nesbitt has a special focus on River Towers, Belle View, Huntington Club and Montebello, but has also works the condominium market in and around Porto Vecchio, the Carlyle District, Old Town Alexandria, Fort Hunt, Torpedo Factory, Rt. 1 to Mount Vernon and Landmark Alexandria.
Condo-Alexandria.com has built a strong following among condo owners in Arlington, Alexandria, Falls Church and other areas of Northern Virginia. The offices of Will Nesbitt Realty LLC are located in a residential condominium community. We serve condo owners, renters, landlords and buyers because we care about condominium owners, renters landlords and buyers.
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