Reply to Bubble pop in rentals too?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All we have heard in DC for more than a decade now is this are being redeveloped, that area being redeveloped.  Every single week there is a new announcement of something being redeveloped and new apartments going up.  It has to stop somewhere.  After the housing crash, the pace of building apartments really picked up since people could no longer buy.  And so we have building after building coming online every month.  It's too much for the market to absorb.  Especially when all of these units are top-dollar luxury rentals.  And people like to say that this will just force the existing, older apartment buildings to become cheaper.  Nope.  Many of them are doing totally gut jobs and converting to luxury rentals themselves to stay competitive.

So there is that but I also agree with the OP that at some point, everyone and their brother holding onto homes and becoming landlords has got to stop at some point.  There is just too much supply.[/quote]

This.

They have over developed with apartments and not considered putting up any viable long term housing options.  I look at Ballston and Clarendon and really do wonder if the apartments were built because of excessive demand that really exists or just the belief that one day it could exist.[/quote]

Well rents growth has stalled. So you'll see starts slow, esp on MF. But honestly, high density is the solution due to a number of issues with the DC MSA. Land prices, zoning, infrastructure, etc.[/quote]

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