Reply to D.C. has the highest ‘intensity’ of gentrification of any U.S. city, study says

Forum Index » Real Estate

Reply to "D.C. has the highest ‘intensity’ of gentrification of any U.S. city, study says"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]this happens all over the country as areas redevelop and become more desirable

it's really just a class thing

I wish there were more middle class and higher black folks coming back to DC vs PG county to make this less of a racial issue

[/quote]

We're here!  Many of us in the upper 16th St. area.  I'd say, however, that residents in that area are trending more UMC than true middle class.  Most middle class folks I know, regardless of race, are buying in areas like close-in Silver Spring.

Agree with the article that there is a need for a lot more affordable housing across the city.  [b]I wish the NIMBYs would accept that changes in density are necessary so that the entire city doesn't eventually become a rich enclave.[/b][/quote]

But the density isn't offering affordable housing. Chopping up a row home into 4 individual levels and listing at $700k isn't "affordable".[/quote]

Supply and demand.  Sure, chopping up one row house won’t fix the problem.

But if you chop up 5000 row houses and make 20,000 new units, THAT will bring the prices down - you’d have those condos selling for more like 400-500k.

(Fixing the DC housing problem requires lots of steps: more supply, more subsidized affordable, zoning changes, pop ups, higher buildings, disempowering the NIMBYs.  It will take a lot.  We have a huge problem.  But the biggest of all those problems is limited supply because of crappy zoning regs.)[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics