Submitted by yunnifymonte t3_10n3bb6 in washingtondc
Corporate_CPA t1_j68cqey wrote
Reply to comment by Texas_Rockets in What do you like, or LOVE about Washington, DC? by yunnifymonte
Our population would increase if we had taller buildings too. High rents are caused by a lot of things. The argument that building height is the only cause is not fair. I understand why it is used when advocating for a policy position that this thesis supports.
I will also point out that you live in Logan Circle. One of the highest per sq ft rents in the city. And what makes Logan so beautiful and desirable? Lack of tall buildings, beautiful old homes, etc. If you added tall buildings there it would not be as desirable and everything that makes you want to live there, could be lost. I love walking around Logan Circle. Just like I love walking around Georgetown. But I live in a more affordable area of the city. There are plenty of beautiful neighborhoods with much more affordable rents. More affordable than the suburbs.
Texas_Rockets t1_j68g1gv wrote
I’m not saying it’s the only cause. But as a basic fact of supply and demand when expanding housing supply vertically is prohibited and horizontal space is at a premium that’s inevitably going to place upward pressure on prices.
I’m not arguing that higher buildings make a place more pretty. Just that allowing them let’s supply keep up with demand.
This is a complex issue but it’s well known and established that it’s largely an issue of supply
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