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Metropolitan DC Local Politics
Reply to "So much for "vibrant" --boring apt. building architecture going up right and left on the Avenues"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The number of DC residents is declining right now. Do we expect it to rebound now that so many people are able to work remotely? I watch as young people who grew up in the city are choosing to live in the suburbs for better schools and lower rates of crime.[/quote] Another "there is no housing shortage" person heard from.[/quote] There is a shortage of starter homes inside the beltway. Based on the occupancy rate of some of this new construction there does not seem to be a shortage of luxury urban loft apartments. We need apartments under $250,000 and houses under $750,000 not $500,000 apartments.[/quote] Oh yes, the mythical unoccupied apartments. And the mythical housing market, where supply has no effect on price, and nobody ever considers trade-offs between housing type and price.[/quote]
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