CRE in DC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And to face this unprecedented challenge, we have the most incompetent council certainly in the history of DC, and maybe in the history of local politic bodies in this country. The clowncil cannot begin to even fathom what is about to hit.

Low-income housing and more bike lanes seem to be the current city council’s spending priorities.

If the city loses most of their current CRE revenue stream, maybe they can back-fill the budget losses by further defunding the MPD ?

As the force has shrunk it has gotten cheaper but backfilling with OT has erased most if not all of the savings.

Anyone else worrying about property values? Anyone from here want to chime in on what things were like in the 80s?

NP but I a bit worried about property values. Although our incredibly low mortgage rate that we set during the pandemic allows us a lot of breathing room in terms of housing costs. And we will pay off the house much sooner.

[Anonymous]

Anyone been over to Sursurm Corda recently? That hellhole is basically 90% gone. Replaced with some nice looking places and a bit of smaller office space with retail on ground floor.

[Anonymous]

Anonymous wrote:Anyone been over to Sursurm Corda recently? That hellhole is basically 90% gone. Replaced with some nice looking places and a bit of smaller office space with retail on ground floor.

Many of the former residents are still in the area and causing wreaking havoc is my understanding. Swapping out the buildings only goes so far, as also exemplified in daylight shootings/violent crime on The Wharf. If you look at MPD Crime Cards for Sursum Corda still a lot of assaults, thefts, stolen autos, etc. Better than the heyday. Remember this paid hit on a 14 yr old girl who was a crime witness?

https://www.washingtonpost.com/archive/local/2006/11/01/two-men-convicted-in-slaying-of-girl-14-span-classbankheadteen-had-witnessed-earlier-dc-killingspan/600aacb6-0493-4156-b086-be5d7fd1db21/

Hard to remember when criminals feared witnesses and conviction. Those days are gone too.

[Anonymous]

This Council is not fit for purpose. We are approaching a dire situation and they are spending like it's the Fenty years.

[Anonymous]

Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

[Anonymous]

Anonymous wrote:Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

When you depend on camera fines and parking tickets, but huge numbers of residents are driving around with FAKE paper tags from MD and DC, you are chasing a fools errand to DC bankruptcy.

But unlike Detroit, DC will not be allowed to go bankrupt. At least not before the federal government revokes home rule, and steps in to take over DC due to gross mismanagement by the officials we elected.

[Anonymous]

Anonymous wrote:Anyone been over to Sursurm Corda recently? That hellhole is basically 90% gone. Replaced with some nice looking places and a bit of smaller office space with retail on ground floor.

Sursum Corda just had 4th shooting this week. Development has not made it safe. Broad daylight, smh.

[Anonymous]

I've stopped going to the REI in NE. Stuff seems to pop off a lot, even during the day, on weekend days, with people around.

[Anonymous]

These residential trends are concerning

In moderately priced areas on the east side of the city, like Brookland and Woodridge, about 30% of homes have dropped their prices in 2024, while in higher-priced areas, like 16th Street Heights and Georgetown, that number is in the 10% range. In Chevy Chase and American University Park, very few listings have seen price reductions.

The percentage of listings with price reductions so far in 2024 is a bit higher than at this time last year. If you are curious about the percentage of homes that have seen price reductions in your neighborhood, shoot us an email at editor(at)urbanturf.com and we will give you the answer.

https://dc.urbanturf.com/articles/blog/where_are_home_sellers_dropping_their_price_in_dc/21998

I wonder how much condos vs. SFH is a factor in some of these neighborhoods?

Anyone in the industry with any insight?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

When you depend on camera fines and parking tickets, but huge numbers of residents are driving around with FAKE paper tags from MD and DC, you are chasing a fools errand to DC bankruptcy.

But unlike Detroit, DC will not be allowed to go bankrupt. At least not before the federal government revokes home rule, and steps in to take over DC due to gross mismanagement by the officials we elected.

There are new stop sign camaras going up all over our area in Petworth. Even if you fully stop, if you are not completely behind the white line you will get a ticket. I guess this will make up for all the lost tax revenue? And yet, the city does absolutely nothing about the a-holes on dirt bikes driving on sidewalks, speeding through intersections and going the wrong way down streets

[Anonymous]

Anonymous wrote:Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

Do you live under a rock? They can't get reciprocity. MD and VA won't agree to it and we are not a state. This is the challenge with not being a state! Geez!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

When you depend on camera fines and parking tickets, but huge numbers of residents are driving around with FAKE paper tags from MD and DC, you are chasing a fools errand to DC bankruptcy.

But unlike Detroit, DC will not be allowed to go bankrupt. At least not before the federal government revokes home rule, and steps in to take over DC due to gross mismanagement by the officials we elected.

There are new stop sign camaras going up all over our area in Petworth. Even if you fully stop, if you are not completely behind the white line you will get a ticket. I guess this will make up for all the lost tax revenue? And yet, the city does absolutely nothing about the a-holes on dirt bikes driving on sidewalks, speeding through intersections and going the wrong way down streets

That’s why I use fake tags when driving. The council decriminalized it and it should apply to everybody (including me).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

Do you live under a rock? They can't get reciprocity. MD and VA won't agree to it and we are not a state. This is the challenge with not being a state! Geez!

If you were familiar with the reporting on the issue, you would be aware that she has not even tried, something that was a surprise to VA and MD.

DC will likely NEVER be a state. It used to be much safer and much better run, even less than 10 years ago. What changed are policies by the Council to decriminalize and to not enforce laws.

[Anonymous]

Lack of safety at lunchtime on a weekday in the downtown core is not going to help CRE, nor bookings at the Mayflower.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hope this will be more sustainable than it seems?

Astonishing that Bowser is not prioritizing reciprocity re: camera fines and leaning on the Council to allow reporting to collection agencies. Not just for public safety but bc it's one of the few stronger revenue streams?

When you depend on camera fines and parking tickets, but huge numbers of residents are driving around with FAKE paper tags from MD and DC, you are chasing a fools errand to DC bankruptcy.

But unlike Detroit, DC will not be allowed to go bankrupt. At least not before the federal government revokes home rule, and steps in to take over DC due to gross mismanagement by the officials we elected.

There are new stop sign camaras going up all over our area in Petworth. Even if you fully stop, if you are not completely behind the white line you will get a ticket. I guess this will make up for all the lost tax revenue? And yet, the city does absolutely nothing about the a-holes on dirt bikes driving on sidewalks, speeding through intersections and going the wrong way down streets

That’s why I use fake tags when driving. The council decriminalized it and it should apply to everybody (including me).

It's still illegal. I hope you don't complain about lawbreakers.