Northern Virginia YIMBYism

A homeowners group in a Northern Virginia suburb noticed that home prices in their area made their low density neighborhood obsolete. Now they're partnering with homebuilder Centex to capture the value of redeveloping the area:

Poplar Terrace, a Vienna area enclave of 70 houses with big yards and towering trees, looks like a pleasant place to live. But to Pete Young and most of his neighbors, there is much more to this subdivision they call home:

The potential for millions in profits.

In a reflection of Washington's surging home prices and the allure of cashing in, Young and nearly all his neighbors have banded together to form a real estate collective that proposes to raze their 40-acre community and realize above-market profits from its redevelopment as a cluster of more than 1,000 condominiums and townhouses.

Adam "Invisible Hand" Smith and Karl "Damn the Bourgeoisie" Marx could each find things to like in this communitarian-capitalist "real estate collective." Viva la revolucion!