Reply to The Pandemic Hit Cities Hard And Then There's Washington, DC

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Reply to "The Pandemic Hit Cities Hard And Then There's Washington, DC"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It seems like robbing Peter to pay Paul. If you build a ton of condos and rental units down town, it seems like you'll just cannibalize demand from other parts of the city [/quote]
I think that is what is happening with the Wharf vis-a-vis Adams Morgan, Cleveland and Woodley Park. Young professionals have now moved down the the Wharf and Navy Yard and those neighborhoods are not as vibrant as they used to be. [/quote]
They'll move back to those neighborhoods once they have kids.[/quote]
Except for the SFH parts of Woodley and Cleveland Park, those are not kid neighborhoods. Its the apartments that are looking worse for the wear and it is probably a good thing because landlords have been charging high rent for dated apartments for too long. Now they will have to decide to either become low income or "affordable" apartments or invest. But no, they will not move their when they have kids. When people traditionally have kids in DC they move to the suburbs or a SFH in the city if they can afford it.[/quote]

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