Reply to The government has always been here. So why was the 50s, 60s, 70s, 80, 90s COL here so affordable?

Forum Index » Real Estate

Reply to "The government has always been here. So why was the 50s, 60s, 70s, 80, 90s COL here so affordable?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Here is your answer: https://dc.urbanturf.com/articles/blog/since-2000-the-dc-region-added-twice-as-many-people-as-housing-units/15405?utm_source=newsletter&utm_medium=keep_reading_link&utm_campaign=Friday+May+17th%2C+2019&omhide=true[/quote]

Good article! Thanks for sharing. This part really stood out to me:

"Because of the disparate distribution and decreased construction of housing stock, affordability has vastly shifted in the region. [b]In 1980, the median home value in the region ($275,000 in 2017 dollars) was 3.7 times the median household income[/b] ($70,000 in 2017 dollars);[b] now, the median home value ($415,000) is 4.5 times the median household income ($95,000).[/b] In DC proper, the median housing value is nearly 7 times median household income; the ratios in Arlington/Alexandria, Montgomery and Fairfax counties, and Prince George's County are respectively 6:1, 4.5:1, and 3.5:1."

As a community, we need to get our elected leaders to address the housing shortfall since it will only get worse. We need to change zoning for more density. Fewer single family homes and more duplexes, townhomes, condos, etc. [/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