Reply to Who should we elect Mayor of DC next?

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[quote=Anonymous][quote=Anonymous]Anyone who can bring the crime down. Why it is up so much and the good neighborhoods are going down hill. [/quote]
The decline of "good neighborhoods" is because there is only a finite number of people with high disposal incomes that can afford to pay premium for housing. In that past those people would all pay for the same old neighborhoods: Dupont, Chevy Chase, Capitol Hill, and Cleveland Park. Logan Circle was eventually added to this list. The city has now created a brand new premium neighborhood at the Wharf which is leaching away young professionals that would otherwise be paying a premium for that Cleveland Park condo. A similar thing is happening right now a Walter Reed/Brightwood. Those old neighborhoods are now ageing out with a lack of new investment. The land value won't go down but eventually the structures will depreciate enough that it will be worthwhile for new buyers to come in and do gut renovations and we then see a new cycle. The city has also made a conscientious effort for "burden sharing" poverty in Ward 3, with predictable results. With the new Comp Plan, I think we will see a lot of new investment along Wisconsin between Tenleytown and Friendship Heights.[/quote]

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