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Metropolitan DC Local Politics
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]“Zoning” is just a law passed by society to achieve societal goals. If you didn’t anticipate the risk of having to let more people into your neighborhood which may affect your sacred property value as artificial house scarcity is rolled back— well that’s your fault. Because big companies and the wealthy anticipated that risk. As did I when I bought my house. I priced that risk in. Society needs more housing to make high demand urban areas accessible to all. That’s why we, as a society, will roll back zoning restrictions and allow more housing. [/quote] DC actually has a lot of affordable rental housing. There is no shortage of rental housing and right now is a great time to rent because rents are falling fast, with a significant number of centally located areas seeing YoY declines of over 12% https://dcist.com/story/20/12/07/this-map-shows-where-rents-are-dropping-in-d-c/ Your problem is that you are upset that you cannot afford to buy what you want in a neighborhood you want. [/quote] I know. When I lived in NYC, I always complained that I could not afford a 2 bedroom condo near the Met Museum on Fifth Avenue. I tried to get NYC to add more affordable housing in the area, but no one listened. [/quote]
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