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Alex B: Are you actually arguing that there will be a marked decline in rental prices in Logan/14th Street NW as a result of supply increases either in that neighborhood or elsewhere in the region? I've monitored listings in real estate and on craigslist and other sites, I cannot find one bedrooms for less than $2,200. That is just short of 3 times what the price was a few years ago. AND many of those ads say the unit was renovated or has amenities that the people who can afford that would want. Even if that dropped by HALF, $13,000/year for a one bedroom is not affordable for a two person family earning as much as $30,000/year. So what is your definition of "affordable"?

by Tom M on Dec 19, 2012 3:39 pm • linkreport

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