Reply to We need homes. A lot of homes. Not just affordable, but also middle-income homes.

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Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I think it is a combination of astroturfing for developers, as you say (they have refused to reveal their funders but have a lot of developers on their Board), but also just extremely motivated self-interest. People in their 20s want cheaper apartments to rent and think allowing developers to build thousands of units of Studio "luxury" apartments will somehow make their apartment cheaper because "economics". [/quote]

Well yes, without those luxury units, the people who moved in there would have needed another place to stay.  Perhaps they room up with someone else instead, or other options, but they would be providing competition for the available apartments.
[/quote]
Those luxury units also have a price effects on existing rental stock which drives the price of those units higher. This is how gentrification works. You really need to read past the Freshman level textbooks folks. 
https://wordpress.clarku.edu/mdavidson/files/2012/02/Davidson-Lees-2010-New-Build-Gentrification.pdf[/quote]

God, this is just so incorrect. Have you owned a rental before? Jesus. You can't raise rent if there are 20 people in line for your apartment.

https://www.upjohn.org/research-highlights/new-apartment-buildings-low-income-areas-decrease-nearby-rents

[/quote]
Imagine thinking non-peer reviewed “policy briefs”  prove your point. If we want to include non-peer reviewed research then enjoy. 
https://www.cura.umn.edu/research/research/build-baby-build-housing-submarkets-and-effects-new-construction-existing-rents

Net effect is driving up rent on lower priced units while reducing price on comparable rent units. [/quote]

Lol, that paper sponsored by mhponline.org.

Try again.

Simple fact is this. Georgetown hasn't built any housing, yet is the most expensive area in DC. We've adding 100,000 people to the city over the years, and for certain have not built that much housing over that time. Additionally, prices went down all across the region during COVID (supply and demand much?)

Finally, your solution (banning market rate housing because "evil developers") is nonsense. What happens to the 1000 (mostly middle income) people moving here every month? Do they live on the streets? Please, think about how silly your idea is and how it just doesn't work, at all.[/quote]

DC continues to have fewer residents than it did in 1950.  There is plenty of housing in the DMV, even inner DMV.  [/quote]

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