Reply to NYTimes: College educated workers are leaving DC due to high housing costs

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Reply to "NYTimes: College educated workers are leaving DC due to high housing costs"

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[quote=Anonymous]I mean, obviously.  This is not the DC of the 80s/90s where housing costs were pretty low and increased only incrementally, and people were paid well from the outset.  The job market has become much more difficult to navigate AND you have to have tens of thousands of dollars available for a down payment: it’s just not realistic for many.

My mom was able to buy a house for us - as a single mom - in the 90s.  Nice Capitol Hill townhouse, and she was an ED of a nonprofit so not exactly raking it in.  Not one of the kids I grew up with still live in DC: too expensive.  Even people I know who lived in SF and NYC - and being paid a commensurate salary - are fleeing.

Housing prices are out of control.  Unfortunately with highly paid remote workers moving to smaller cities and towns, housing prices are only increasing in those locations as well.  We are overdue for a reckoning.  The market is not a blind, benevolent force.  Regulations and policies must be enacted nationally.[/quote]

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