Is this a joke? The housing bubble popped in 2007, which is why housing prices went down -- not just in DC but basically everywhere. |
It is a joke to point out how ridiculous the premise that zoning is somehow the main reason why real estate and hence housing is expensive. Marion Barry obviously was not a YIMBY hero helping to increase supply to keep prices down. Similarly Bowser is not a NIMBY villain whose housing policies are driving up prices. It’s obviously a situation much more complicated that more supply = lower prices, that gets continually peddled. A big part of that story, as you point out is obviously macroeconomic conditions. Financialization of the sector is another major contributor, as well as the related favorable rate environment. Mortgage rates never get factored into these discussions about price/cost and it would probably be better to compare on an average PITI basis, adjusted for inflation, which is a much more true metric of “affordability” than people balking at how much things cost. |
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Zoning isn't the ONLY factor, and I don't think anyone has said that it was.
Zoning certainly is A factor, though. |
Because people in Ward 3 are shouting the loudest against it. |
I find that many of the YIMBY have very little invested in said backyard. Or, there is an envy of the large SFH in NW. These folks are more than welcome to come live in Ward 3 - market price. Then we will revisit their feelings on shoving density down everyone’s throat under the thin veil of looking to help others. |
When looking at the long term trend, zoning does not even appear to a very important factor at all. Let's consider this real world scenario. Which outcome would have a larger outcome on housing prices in AU Park? Upzoning to allow for 2-4 unit structures or mortgage rates going up to 6.5%? |
Which outcome would have a larger outcome on housing supply in AU Park, upzoning to allow for 2-4 unit structures, or mortgage rates going up to 6.5%? |
That’s weird, because I have never heard anyone say that we needed more density in Brookland. It’s a bit of gaslighting (although I hate that term) to suggest that their reaction to be targeted is the reason they are being targeted? |
So what is the point of more supply in AU Park? The rationales seem to be all over the place and incoherent. |
Increasing supply in AU park allows more people to live in AU Park at a given price point. This isn't complicated. |
So why is more people in one specific location the objective? I thought that affordable housing was the objective. Why does that specific spot need more people? |
I'm a PP. I support enabling property owners to build duplexes by right in Brookland, too. |
You'll have to ask the PP who brought up AU Park in the first place. In general, increasing the housing supply in [location] allows more people to live in [location]. As the other PP said, this isn't complicated. |
The question for which there has never been an answer is why the focus on Ward 3 in particular? |
You're the one who brought up Ward 3, not me. |