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Real Estate
Reply to "Cities with No Children"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You can see this with housing. Tearing down single-family homes and replacing them with luxury condos is reducing the available stock of homes for people with children. It's basically saying we cater to childless adults. [/quote] You mean the popups, which typically involved a 3 BR TH going to two or three 2 BR condos? Well, yeah - if we built more midrise/hirise condos, enough supply to lower the price for condos, there would be less incentive to do those kinds of flips. They would still become luxury though - old unrenovated 3BR houses are going to become renovated luxury 3BR houses. [b]Only real way to make housing for families affordable close to a desired central city is to get (even UMC) families used to living in condos/apts, as they do in NYC.[/b] [/quote] Oh, yes, nothing conjures the notion of "affordable for families" quite like NYC condos and apartments. You cannot be for real. [/quote] Hmmm? There are only so many acres in DC. There is a maximum limit to how many people can live in THs and detached SFHs in DC. No room for more. Unless you move most of the jobs out of DC, or get most people to prefer long commutes to living in DC, there is no way to make it possible for most people who want detached SFHs (or even THs) to be able to afford them (though building enough apts to get the singles living as roommates out of the houses would help) So again, the only way to make it possible for families with kids to be a much larger share of people who live in DC, is to change the culture so that raising a kid in an apt is more acceptable. I doubt that would lead to apt rents as high as in NYC, because DC is a smaller employment center than NYC - I mentioned NYC only to indicate a place where middle class people do not feel "poor" because they raise a kid in an apt or condo.[/quote]
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