Why Plummeting Rents Could Kill DC’s Housing
DC is facing a double-barreled housing crisis where nothing is getting built. No one is building regular houses apartments because of the grim DMV economy. And no one is building subsidized “affordable” housing because epidemic rent nonpayment makes builders think they’ll never break even. In a city where housing is still super expensive, this adds up to a big problem. Emilia Calma is the author of a new report on this for the Brookings DMV Monitor and she’s here to explain.
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