Reply to We need homes. A lot of homes. Not just affordable, but also middle-income homes.

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Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Much of ward 3 is zoned for SFH's only.  
If we allowed anyone who wanted to to build triplexes on any lot now zoned for SFH:
- Real estate prices would go way up.
- Costs of individual units would go way down.

It might take a few years for the 2nd to happen.

But we need more houses.  Many more houses.  It's the only way to make it cheaper to live here.[/quote]

It’s never - ever going to be cheaper to live here. Never never never. You are a shill for developers.[/quote]

Actually lots of evidence says you are wrong:

https://dcist.com/story/21/07/16/luxury-apartment-leasing-is-soaring-in-dc-as-the-pandemic-winds-down/

In D.C., the average effective rent (defined as actual rent minus concessions) for a new luxury apartment was $2,375 in the most recent quarter. That’s down from 2016, when it was $2,604. Across the metro region, the average is now $2,076, a slight decrease over this time last year. Rents are predictably lower within the region’s older Class B apartments, where average effective rents dropped slightly over the year, to $1,676 from $1,708.

And there is a lot of evidence that new housing takes the pressure off existing housing including keeping older buildings from being renovated and keeping their rents down as well.

Now it may be true that we are not going to build our way to cheap housing but basic economics still applies (even on Ordway Street) and more supply does temper inflation while improving the cities bottom line so more money can be spent on deeply affordable housing and other social programs.
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