Oh, you must be from the conference call who has warned us for the last 20 years that we were going to tank home values with our shenanigans. I'm still waiting for that one. |
And who are all the other co-signers? Commercial property owners, dealers, and developers. If you don’t take what they saw with an entire salt flat, please be in touch as I know of a Nigerian prince who desperately wants to make contact with you. |
Who do expect to sign such a letter? Do you think all the city's yoga instructors are going to get together to complain about collapsing commercial property values? You can stick your head in the sand if you like, but this is a major problem for the city's budget. Everyone is trying to get out of their downtown leases because the numbers don't work anymore. |
And this time, we promise that home values are going to TANK. We were wrong all the other times, but now we're really really sure. |
I like how you're extremely hostile to basic economics. Yes, home prices are going down and will continue to go down for a long time. Funny how that happens when the Federal Reserve radically increases interest rates. Every homeowner in D.C. should contest their property tax assessments. |
Total DC taxes are lower than surrounding jurisdictions. Whoever is telling you otherwise is not your friend. |
I'm pretty sure it's happening because of bike lanes. |
DCUM’s version of Godwin’s Law dictates that the probability of Nick appearing to blame the social ill under discussion on bike lanes approaches one by about the third page of the thread. |
Prices have to come down. The mortgage on an $800,000 house now costs probably almost $2,000 more per month than it did a year ago. |
The DC metro area probably has more economists and policy analysts than anywhere else on earth. That none of them are signing off on this speaks volumes. Wake me up when you have some objective analysis. Screeds from lobbyists don’t count. |
I mean. The Circulator has been free for about 2 years of the 4 it's been useful to my commute. My actual, lived experience is that the number of screaming homeless people is about the same regardless of cost or lack thereof. What data are you basing your opinion on? |
Also with all the bike lanes around for rich yuppies no one will want to live here. |
Conjecture and hyperbole! And it's good enough for me. |
Or you could just pick up a newspaper? Maybe read a little bit about things happening in our world? Try to educate yourself a little bit? |
Mortgages don’t have much to do with the DC housing market. |