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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] +1. There's actually a lot of affordable housing in Washington. It's just not where people want to be -- they want affordable housing that's surrounded by coffee shops and cool bars and has great schools. [/quote] If there's so much affordable housing, how come such a large proportion of people are spending such a large proportion of their income on housing costs?[/quote] Move to Anacostia. Your housing costs will plummet.[/quote] Where do you think the people currently living in Anacostia should go, once housing costs start to rise in Anacostia?[/quote] First of all people need to want to move to Anacostia in such numbers to make this area rise in price to become unaffordable for current residents or tempting to sell. Where do you think these jobs or this housing demand from highly compensated existing professionals will come from? [/quote] It depends on whether DC and other localities restrict development or take steps to get out of the way. If restrictive policies win out, the demand will come from people priced out elsewhere (and again, there are already young middle and upper middle class people moving EOTR - maybe not "highly compensated professionals" but gentrification usually starts with artists, young people without a lot of money, etc.[/quote]
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