those homes are being bought by pension funds. |
LOL, some perhaps, but not a meaningful number of them. |
I remember when somebody solemnly assured me that all those new high-rise apartments/condos in Bethesda were vacant and owned by Russian oligarchs, just like in Paris and London. This actually happened, I am not making it up. |
You are now leaving Facts. Please visit again. Welcome to conjecture! |
go talk to someone who works in the housing industry. who do you think is buying all these homes for cash? do you think the average washingtonian has 1.5 million dollars in cash to buy a house? |
How many "homes" is "all these homes"? |
major investment firms are buying homes in dc. real estate is an inflation hedge. it's a big reason why housing prices here are going crazy. there's a lot of houses now being bought with cash. how many? i dont know. that's probably look up able somewhere. |
Assuming for the sake of argument that this is true - these major investment firms are presumably not buying real estate, as an inflation hedge, in a city that people and jobs are going to flee from en masse? (Whether due to bike lanes or some other reason.) |
Yeah, that doesn't check out with the people I see moving in and loving there. Maybe those are just paid actors. But if so, they should be paid well - they are very convincing. |
| Living |
| Bike lanes def make DC a better place to live. |
Not the whole city. Just the downtown areas. I work on K street love my commute. Easy in and easy out. Home in 20-30 mins and out of the hot, messy and smelly downtown area and back home where it’s 5 degrees cooler and I am surrounded by trees and open spaces. All while enjoying my 30 mins of air conditioned peace and the quiet of my little bubble of a car. Occasionally I even listen to a book in tape. No one really wants to commute the the city. I hope it continues to become increasingly unfriendly to commuters nothing would make me happier than to see an increase in well paying jobs moving out of the city and into NOVA. Free parking, no toll roads, and an even shorter commute. Win win. |
Exactly. In no way should it be a priority for DC transportation policy to maintain an "easy in and easy out" for people who drive by themselves to work on K Street. Though I am a bit surprised to read anyone describing a K Street car commute as "air conditioned peace and quiet." Maybe they drive in and out at 5 am and/or 10 pm. |
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Anyone who commutes by car knows of what I speak. Sure public transport has its advantages but honestly the problem is that it’s just so public.
Love my cozy, comfy, little slice of heaven on wheels. At any rate my point is given a viable option most suburbanites would choose to not come into the city for work at all. It’s very inconvenient. So why all the hate. We aren’t all gas guzzling “Olney” dwellers we don’t live in the city for a reason so why would we want to work there? I don’t blame DC for putting in so many bike lanes but I do think it is short cited. It isn’t in VA or MDs best interest to invest in public transport infrastructure that carries its citizens into the city quickly and cheaply for work and play. Absent that many drive out of necessity. You all say you don’t want us there but seriously commuters are good for the city. We don’t drain your coffers through the use of public services, but the businesses we work for generate tax revenue and the money we drop in the city on dining, shopping, parking Etc does the same and generates revenue for small businesses. Expansion of good well paying jobs in NoVA can’t come fast enough for me. VA even is making it easier for DC folks to do the reverse commute. You don’t have to pay to use our toll roads. You too can have a cheap and easy commute to work with free parking. |
Actually most people who commute by car are unhappy about their commute. TRANSPORTATION SATISFACTION BY TRAVEL CHARACTERISTICS Transportation Satisfaction by Commute Mode – In 2019, respondents who drove alone gave the lowest ratings for transportation satisfaction; only 29% of drive alone commuters were satisfied (Figure 4). Carpool/vanpool commuters also gave relatively low ratings; about four in ten (37%) were satisfied. Transit riders reported higher satisfaction; 49% of train riders and 52% of bus riders rated the transportation system as a 4 or 5. Commuters who biked or walked to work also gave generally good ratings, with 54% of respondents in this mode group being satisfied. A common trait of biking or walking commuters is that they do not drive and therefore can avoid the stress of congestion. Length of commute time also makes a difference, with people whose commute is over 30 minutes one-way being less satisfied. https://www.mwcog.org/documents/2020/06/17/state-of-the-commute-survey-report--carsharing-state-of-the-commute-travel-surveys/ |