Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:People are returning to the office. World Bank back 4 days/week, IMF won’t be far behind, Us gov agencies gradually increasing time in office.
Secondly, even if people don’t need an office, they need to work somewhere. And they want to live in a vibrant city with walkability, access to restaurants etc. So there is huge demand for suitable housing and opportunities for office to apartment/condo conversions. The key question is if DC is willing to address crime-without safety and quality of life, people won’t choose to live here.
Some do, but SFH prices in the burbs have gone up even faster than rents, so clearly not everyone does.
+1
For many people, quiet neighborhoods, good schools, and low crime are higher priorities than walking to restaurants.
We're supposed to pretend that those people don't exist. Everyone wants walkable cities and is fine with sending their kids to underperforming schools
Anonymous wrote:Anonymous wrote:Anonymous wrote:People are returning to the office. World Bank back 4 days/week, IMF won’t be far behind, Us gov agencies gradually increasing time in office.
Secondly, even if people don’t need an office, they need to work somewhere. And they want to live in a vibrant city with walkability, access to restaurants etc. So there is huge demand for suitable housing and opportunities for office to apartment/condo conversions. The key question is if DC is willing to address crime-without safety and quality of life, people won’t choose to live here.
Some do, but SFH prices in the burbs have gone up even faster than rents, so clearly not everyone does.
+1
For many people, quiet neighborhoods, good schools, and low crime are higher priorities than walking to restaurants.
Anonymous wrote:It seems the key to understanding how this affects DC is to know:
- percentage of revenue coming into city from commercial real estate and commuters using metro, buying lunches/coffees, etc
- how DC uses any covid relief and when that dries up
- where DC raises revenue for policing and schools among other services (would these be cut?)
- health of commercial real estate landlords in the city and when leases in the city expire, like is there a wave of them expiring soon?
What other factors are important? How might this affect DC? Article below
https://www.washingtonpost.com/business/2023/08/28/commercial-real-estate-economy-urban-doom-loop/
Anonymous wrote:Anonymous wrote:People are returning to the office. World Bank back 4 days/week, IMF won’t be far behind, Us gov agencies gradually increasing time in office.
Secondly, even if people don’t need an office, they need to work somewhere. And they want to live in a vibrant city with walkability, access to restaurants etc. So there is huge demand for suitable housing and opportunities for office to apartment/condo conversions. The key question is if DC is willing to address crime-without safety and quality of life, people won’t choose to live here.
Some do, but SFH prices in the burbs have gone up even faster than rents, so clearly not everyone does.
Anonymous wrote:People are returning to the office. World Bank back 4 days/week, IMF won’t be far behind, Us gov agencies gradually increasing time in office.
Secondly, even if people don’t need an office, they need to work somewhere. And they want to live in a vibrant city with walkability, access to restaurants etc. So there is huge demand for suitable housing and opportunities for office to apartment/condo conversions. The key question is if DC is willing to address crime-without safety and quality of life, people won’t choose to live here.