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Metropolitan DC Local Politics
Reply to "DC had largest percentage drop in population in nation"
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[quote=Anonymous][quote=Anonymous]I just don't understand why the housing inventory continues to be at historic lows if there is a significant number of people from the city. Are people moving but keeping their property? [/quote] Renters are moving from buildings rather than owner occupants. The rental occupancy rate is very high but DC is still pushing the narrative that empty office buildings can be converted to residential use. DC did not have the wealthy investors who can leave residential buildings empty. It needs to fill the units. Look for declining rents that might bring people to the city. [/quote]
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