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[quote=Anonymous] [quote]It's not going to help people who want to live in Dupont/Kalorama for the price of Anacostia or Lyon Village for the price of Mt.Vernon. [/quote] I want housing prices to stop increasing in real terms, and to go down as much as the market, with less constraints will allow. Maybe thats 5% (adj for inflation) or maybe its 10% or maybe its 20%. We don't really know, too many factors at play. [quote] Lots of posters are people who want yuppie areas or sprawling new homes with best schools inside beltway burbs[/quote], I have spefically said that the supply of large new SFHs is limited. That is why I think the future is multifamily. [quote]It's like those who want to drive a Tesla for the price of Honda Civic, so they wonder and speculate when law will change and luxuries will go cheap. [/quote] But we don't have laws limiting the supply of cars like that. Nor should we. [quote]Here is the news, living in posh established desirable parts of any city is a luxury, even if it's an older crappy building, buying a tear down in a prime suburban area with short commute and building a brand new home is a luxury. [/quote] Not sure why you are conflating tear downs with old apts in Ward3. And the current shortage of housing in places like DC is extreme and really is driven to considerable degree by zoning. [quote]It's not all because of some malicious political zoning interests, it's how it's always been, there were always expensive parts of DC, people bitched they could not afford, even when most of it was unlivable, and they didn't precipitously dropped in price just because new areas got gentrified or new apartments got built.[/quote] Because gentrication is, in fact, a difficult process (and one that does not actually create new housing, unlike development) and the supply of new apts in recent years has been behind the growth in employment. I still do not see in the thousands of words you have typed, a justification for keeping artificial limits on development. All this stuff - go gentrify somewhere - the housing market is SO complicated - you're a whiner who wants luxury cheap - is just the standard lines we hear when some unjustified, indefensible zoning restriction is being defended. Lower housing prices, shorter commutes and less auto reliance, more tax revenues for localities, less gentrification pressure, are all good things, and none of the get off my lawn, go suffer, high rents are the law of God stuff changes that. [/quote]
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