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Metropolitan DC Local Politics
Reply to "City people... when is enough enough re: crime"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The people with money have departed DC or they are in process of moving away.[/quote] Why aren’t real estate prices dropping then? I live on Capitol Hill and there’s no question crime has gotten worse here in a way that impacts quality of life. But it seems like the gentrification train just keeps rolling…[/quote] Golden handcuffs has caused extremely low inventory in the desirable neighborhoods like CH and upper NW. For now, giving up a 3% mortgage rate for a 7% mortgage rates is scarier than the thought of being a crime victim. That calculation may change once the summer crime wave begins though. The city may “feel” more crowded but it’s not. City revenue is definitely dropping which will require services being cut which will lead to more crime. It’s a vicious cycle that is already underway but there is a lag time before the nice neighborhoods actually feel it. [/quote]
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