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][quote=Anonymous][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]

Do you know what Capitol Hill was like in the 90s? It was not a place to walk outside after dark.

You can’t regulate desirability.[/quote]

You are sort of right. I lived in Capitol Hill from 1999-2003, and then moved back in 2011.

CH was pretty rough in spots in the late 90s/early 00s. But definitely more affordable too. You could buy a 3 bedroom rowhouse for 500k. Less if you were willing to live further east (where there was more crime).

2011-2020, prices went up, but crime went down. Tons of families, especially with young kids. H Street got big, Barracks Row got built out, Navy Yard developed and became a boon to the south side of the Hill, even the development of NoMa had a positive impact.

But since 2020, crime has been going up FAST. We live just south of H Street, about midway between Union Station and where it becomes Benning Road. According to crime stats, we've seen a 20% uptick in violent crime just this year. And that's after similar increases last year and the year before. Carjackings, people breaking into cars, shootings and stabbings, etc.

But during this time, prices have gone UP.[/quote]

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