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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Downtown is dying. Vacancy rates are throw the roof, which are driving down property values which will mean radically lower property tax revenues, which will blow a giant hole in the city's budget. But, sure, let's focus on...[checks notes]...making buses free?

This is what it's like to be ruled by children. 
[/quote]

Oh no! Did your favorite steakhouse close and now you have to pick from one of the remaining 7?  It must be really hard to be you now.[/quote]

This is just weird. So you're cool with an entire section of the city becoming a ghost town? And what happens to the city's budget when one of its main revenue sources dries up?[/quote]

You can hypothesize that all you want, but we've had surpluses for as long as I can remember.  Downtown isn't a ghost town except to fox news viewers, but that's your problem.[/quote]

Uh, what? Speaking of children. You're probably too young to know who Tony Williams is, and you certainly don't remember what D.C. was like before he was mayor, but here's Tony Williams saying the same thing: https://www.federalcitycouncil.org/wp-content/uploads/2022/11/Letter-to-CFO-Glen-Lee-on-Commercial-Property-Vulnerabilities-11.14.22-final.pdf[/quote]

And who are all the other co-signers? Commercial property owners, dealers, and developers. If you don’t take what they saw with an entire salt flat, please be in touch as I know of a Nigerian prince who desperately wants to make contact with you.[/quote]

Who do expect to sign such a letter? Do you think all the city's yoga instructors are going to get together to complain about collapsing commercial property values? You can stick your head in the sand if you like, but this is a major problem for the city's budget. Everyone is trying to get out of their downtown leases because the numbers don't work anymore. [/quote]

And this time, we promise that home values are going to TANK.  We were wrong all the other times, but now we're really really sure.[/quote]

I like how you're extremely hostile to basic economics. Yes, home prices are going down and will continue to go down for a long time. Funny how that happens when the Federal Reserve radically increases interest rates. Every homeowner in D.C. should contest their property tax assessments. [/quote]

Prices have to come down. The mortgage on an $800,000 house now costs probably almost $2,000 more per month than it did a year ago. [/quote]

Mortgages don’t have much to do with the DC housing market.[/quote]

Let me guess: You have no idea what a mortgage is. [/quote]

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