My first response is..."and?" My second response is, by creating a covenant against multi-family housing, the Chevy Chase Land Company was basically saying " the poors need not apply" - that is what the Councilmember presumably wants to eradicate. And I say, good for him. Look at all of the other "tall" buildings below Livingston Street where they back up to the houses behind them. No big deal. if the people who live there don't like it, I am sure there will be bidding wars in the $2M + range for their houses. |
“The poors”?! City Ridge apartments rent from $2800 to over $12,000/monthly. Now the plan is to build more market rate housing, this time using public land in Chevy Chase. This is all about development interests wanting to loosen land use restrictions for a lucrative profit opportunity. Don’t get blinded by all the shiny quartzite finishes. “Affordable housing, inclusion, equity, ‘the poors’” is so much MAGA-nificent spin to slip through a preposterous real estate deal to use public assets for others’ private gain. |
I used 'the poors' ironically; obviously you didn't get it, but it is a DCUM trope to reflect your attitude.
The proposal is for an affordable housing building. That is what the Mayor and the ANC and the Councilmember all want and support. Why people like you keep bleating on about market rate housing on the site is just baffling. |
The proposal is for the absolute minimum of affordable housing. Its going to be mostly housing for the wealthy, which will do jack shit for the city's affordable hosing crisis. Please try to keep up. |
Even market rate housing (which this project does NOT entirely consist of) helps make a dent in the affordability crisis. Try to keep up. |
No, it doesn't. https://48hills.org/2019/01/yimby-narrative-wrong/ |
This is simply a “Trumped-up Trickle Down” argument. |
Again with this. I can get the logic behind attempting to paint this development with a MAGA brush in hopes of making people be knee-jerk against it. It won't work, but I get it. I've asked a couple times for an explanation of any connection and haven't gotten one. I think maybe ONE supporter engaged with the Administration while Trump was in office? Is that it? |
We don’t need to see the RFP to know that this is a waste of money and that any limited “affordable” housing provided by this project is unlikely to be worth the loss of public space. Our government should not waste money writing up an RFP for a failed project gated by the community. |
It’s mostly just HOUSING. There may be an affordable component in it. |
Here is a peer reviewed research paper: "My results suggest that new market-rate housing construction can improve housing affordability for middle- and low-income households, even in the short run. The effects are diffuse and appear to benefit diverse areas of a metropolitan area." https://www.sciencedirect.com/science/article/abs/pii/S0094119021000656#:~:text=My%20results%20suggest%20that%20new,areas%20of%20a%20metropolitan%20area. Here is a report from the Office of Revenue Analysis: "This situation suggests that even though the city’s demand for rental units is growing (as a product of a growing population, a growing number of jobs and growing incomes), the actual increases in supply is helping to mitigate the annual appreciation rates of apartment rents. In essence, the city is likely to continue experiencing modest annual growth rates in rents in the near term and, as a result, lower average levels of rent in the medium and longer terms." https://cfo.dc.gov/sites/default/files/dc/sites/ocfo/publication/attachments/Housing%20Supply%20Bethel%20Cole%20Smith%20April%202020.pdf Here is a Bloomberg article: "The new mayor of Los Angeles and about a third of her fellow Americans think new construction causes prices to rise. The evidence suggests otherwise." https://www.bloomberg.com/opinion/articles/2023-01-24/building-more-housing-makes-it-cheaper-really Here is the Biden Administration: "As his Action Plan reflects, President Biden believes the best thing we can do to ease the burden of housing costs is to boost the supply of quality housing." https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/ |
It's amazing that people think trickle-down economics will work with regard to housing when it doesn't work in nearly every other instance. But hey, the one semester of high school economics that most people take makes everyone an expert. |
Trickle-down is even less likely to work in housing than as a general economic theory because housing markets are highly localised and segmented in other ways. |
I'm curious about this distinction people are making between housing and affordable housing. Personally, I think some affordable housing is better than none, and that more housing at any rate is better than none.
But for those of you that object on the grounds that the development will not be all below market rate- what if it was. If the end deal was for a development of all below-rate housing, would you then be supportive? No objection then? |
I read the "piece" and looked up the author cited in it. (I couldn't find the specific paper that the "piece" is characterizing.) Interestingly he has a more recent paper out. It concludes that upzoning leads to modestly more affordable housing AND a more reduces racial segregation. https://www.urban.org/research/publication/zoning-change He also appears to be a proponent of more public housing as the best solution to the housing crisis. So would you be in favor of the city building very dense public housing projects on tht site to a private developer? |