Reply to The Pandemic Hit Cities Hard And Then There's Washington, DC

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Reply to "The Pandemic Hit Cities Hard And Then There's Washington, DC"

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[quote=Anonymous][quote=Anonymous]Former DC resident (2002-2021) here. I lived in DC when my nearest grocery store was a sketchy Safeway, and left DC when there was a WF and TJ's nearby. I've seen it on the rise, and I saw it on the decline in the years before I left (rising crime even before the pandemic, social unrest, filth, etc).

For those of you property owners on the defensive, don't forget that DC was a very bad place to live circa 1970-2000. It can return to those days if given the chance. No reason it couldn't, especially with a wacky City Council.

For those of you dismissing the lady who relocated her family due to the social unrest, don't forget that it was people like her who came into DC around 2010 or so, which in turn encouraged the restaurants, shops, etc. People like that lady probably wouldn't have lived in DC even when I began living there, but things were changing and they were coming. Those restaurants and Whole Foods wouldn't have been around had the big earners not come in the first place. If the $$ leaves, the stores leave. It's that simple.

My family saw it on the South Side of Chicago; I've seen it in DC. Things change- don't count on anything staying the same. [/quote]

The difference between now and 1970 is that the country has a deficit of housing of around 6 million units. DC alone has a deficit of housing in the tens of thousands, probably close to 100K units.

https://www.cnbc.com/2021/07/07/us-housing-shortage-will-last-for-years-to-come-taylor-morrison-ceo.html

It's going to take 2+ generations for us to get anywhere close to meeting demand, even as birth rates decline. I'm not worried about DC, it will still be a haven for young childless professional who pay taxes and don't use any services.

If anything, the families moving out of DC are doing EXACTLY what DC wants: pay taxes while young & childless, then leave when your kids become a drain on the city's tax coffers.[/quote]

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