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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's devastating how Bowser and the Council have taken people's investment in our city for granted. At what point will there be a tourism drop off too? Here's a thought- make the city safe and welcoming? Spend money on that first and foremost.  We've spent ten years on affordable housing and violence interruptors, and our city is more unpleasant than it's ever been.[/quote]

The whole "death spiral" thing is being overdone.  Despite the recent rise in crime and downtown hollowing out, there's been no decline in demand for residential real estate.  In fact, DC 's population is growing again after shrinking slightly before and during COVID.   I don't think CRE in the downtown core are strongly linked to residential demand anymore.  When I was living in DC, many of my friends (me included) worked in the suburbs but chose to live in the city because of the urban culture and amenities.  Young people will still want to live in the city even if their offices move.  In fact, work from home liberates people to live where they want - lots will move out to the exurbs, but there will also be those who always wanted to live in a city who now can.  [/quote]

The tax on CRE is double that of residential real estate.  This is actually a huge problem.  [/quote]

It is a huge tax revenue problem. Tax revenue pays for the bike lanes, pickleball, etc. that young people enjoy. [/quote]

Its like how the Feds always make sure the National Parks take it in the backside first if there is ever any budget shortfall or shutdown. Have to make the people that actually pay taxes feel the pain. Just don't look too closely at the billions the city spends every year incentivizing poverty, that's off-limits. [/quote]

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