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DC Public and Public Charter Schools
Reply to ""The current system is unsustainable." Really?"
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[quote=Anonymous][quote=Anonymous]They can cash in on their gentrification bet when they do. And no, price appreciation in gentrifying neighborhoods has almost nothing to do with schools. Just look at Bloomingdale. It has a lot to do with rapid changes in racial and income demographics and the opening of attractive restaurant and retail. [/quote] mostly I agree, but I would point out that lots of the people buying in Bloomingdale et al are doing so because prices in WOTP and the better parts of the Hill are so high. If home prices west of the park went down by 20% that would cut into the momentum for gentrification EOTP. OTOH I'm not sure declines of 20% or more WOTP are possible even if the schools get very bad. There are enough gays/emptynesters/childless folks who are either living in the burbs, or or living in condos, who would buy SFHs if the prices came down, I think. [/quote]
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