Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous]Honestly, regarding 8th St, I increasingly think they should have tried to rezone to preference much higher density housing on those blocks between H and Florida, back when housing was still cheap in the neighborhood. If those blocks were mostly small apartment buildings, I think it would be a better use of space and a much more pleasant living environment (I would not want to live in a row home or condo conversion on those blocks, but would consider a building with a small lobby as a bit of a buffer between the vehicle and foot traffic and my home). Now it's too late and no one wants to sell their home for less than 700k (a million if it's a decent sized row home) and that's why all those houses are just sitting forever. I feel bad for the people who bought there in the last 10 years, paid a premium for "proximity to H" and are now realizing it's just not a very desirable area and that their housing is simply poorly suited for the location.

Though I do think it's a lesson in not getting starry eyed about a gentrifying neighborhood. You have to actually look at the location and think critically about what might change and what won't. There were some obvious drawback that were always going to be there (namely the bus traffic, but also just how notorious the intersection of H and 8th is for those of us who have lived in the neighborhood a long time) and I think some people paid high premiums without thinking about these factors, just assuming they would disappear with time. What are they going to do, reroute the buses? I wonder how many people who bought there had lived in the neighborhood for a while. I'm guessing not many.[/quote]

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