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Alex B -- Are your arguments internally consistent. To make your first two points you have to believe that the market works fairly well. But to say that supply is not even close to keeping pace with growing demand suggests you believe in fundamental market failure. Which is it?

As to 14th Street NW -- Just before the major change of the Whole Foods was completed, my dear friend rented a one bedroom for $800/mt in the hood. 5-10 years before that many of the large houses in Logan Circle were either unoccuppied or very run down. I'm willing to wager that you will not see affordable housing in that neighborhood -- except were subsidized directly or indirectly -- in the next twenty or more years. That is more than a long time horizon, that is a generation.

by Tom M on Dec 19, 2012 2:19 pm • linkreport

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