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[quote=Anonymous]
[quote]Older buildings in desirable parts of DC go for pretty penny.[/quote]

Older buildings in Ward 3 go for about what new buildings in newly transitioning areas EOTP go for.  Its hard to see how much less they go for than new buildings in W3, because there are so few new buildings in W3.  Or how much less old buildings in transitioning areas are because most transitioning areas have few old buildings (or they are all rent controlled)  But if you look at older building in SW DC, you can see the discount for older buildings (though that may be changing as that neighborhood gets filled with amenities)  You can see this even more clearly in inner suburbs,  where there are buildings in South Arlington, West Alexandria, and Silver Spring that are relatively affordable, but less so than they would be were it not for the pressure from people priced out of newer and closer buildings.

"people not wanting to sell or rent at a loss. "

But if the market softens, they will take what they can get.

[quote]I think you somehow believe that allowing zoning to build another NYC is going to make DC into magical affordable mecca with high paying jobs. If there is no demand, it's hard to motivate builders to buy and build. 
[/quote]

In Seattle they allowed more new density, and they have seen a decline in rents.  Magical affordable mecca is a straw man, its about making things MORE affordable for MORE people.   And it won't take another NYC - whats proposed for McMillan is not that, what the PUD called for in Brookland manor is not that, what was proposed for that Safeway in Palisades was not that.

And again, there is lots of demand.  [/quote]

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