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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of tendentious arguments here about cities none of us live in.

You could, instead, just look around DC. Neighborhoods where the housing stock has greatly increased over the past decade or so have gotten a lot more expensive, not less expensive.

Look at Navy Yard. Look at U Street. Look at 14th Street. Look at H Street. Look at Shaw. Look at Logan Circle....

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Reasoning from a price change: rookie mistake![/quote]

[b]I don't know why everyone decided to replace the word "gentrification" with "upzoning."[/b] It's the same thing (and, no, just because you *wish* we could build giant apartment buildings in Georgetown doesn't change that). No one doubted what gentrification did to housing prices, and no one should think the result will be any different just because you've relabeled gentrification as "upzoning."

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The reason you don't know why is because it didn't happen. They are different things. There might be upzoning and then gentrification, but gentrification can also happen without upzoning, and guess what? Upzoning can also happen without gentrification.[/quote]

Uh, sure, in theory. In reality, it basically only happens in ungentrified areas. How else is DC getting so incredibly white? Because developers buy homes from black people and turn them into luxury condos they then sell to white people. [/quote]

Subdividing a large rowhouse into multiple condos makes money for the developer (first and foremost), the architects, contractors, and the real estate professionals. The condos however are not cheap, and cost a small fortune. [/quote]

Which costs less, a condo in a large rowhouse subdivided into multiple condos, or a large rowhouse?[/quote]

Condos are the engines of gentrification. They drive up the price of everything. [/quote]

Condos mean more people in a given area. Which means more bars and restaurants. Which means more people want to live there. Which drives up the prices of those condos. Which drives up the prices of houses developers need to buy and tear down in order to build more condos. Which means even more people in a given area. Which means more bars and restaurants, which means more people want to live there, which drives up the prices even further. [/quote]

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