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Filtering depends on a regular churning of older units with newer ones. Newer ones will tend to be more expensive, putting aside the fact that Silver Spring is now becoming a desireable place to live.

This is all normal market functioning of the type that creates the necesssary conditions for filtering to occur. The alternative is some form of subsidy to allow for creation of new affordable housing units, or some kind of rent control.

by Crickey7 on Jan 28, 2013 11:10 am • linkreport

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