Connect with us

Opinions

Proving the point: More housing equals lower rents

D.C. rental prices drop as developers create increased apartment supply

Published

on

real estate, gay news, Washington Blade
real estate, gay news, Washington Blade, new apartment units

(Washington Blade photo by Michael Key)

It’s not rocket science: The more housing there is, the more affordable housing will be.

In cities with growing populations, the degree to which the creation of new apartment units track with the increased need for additional rental housing is the difference between soaring prices and a stable market.

D.C. has begun to prove this simple reality of supply and demand.

A report last month by real estate research firm Delta Associates indicated that D.C. rental prices dropped for the second consecutive quarter, following a rare drop in rents in the previous period. These drops were only the third decrease in rents since 2010.

District market-rate rents citywide were 1.3 percent lower on a year-to-year basis for newer Class A apartment buildings, and declined slightly less than one percent at Class B buildings. In the D.C. market, Class A buildings are typically larger apartment buildings constructed after 1991, with extensive resident amenities, while Class B buildings are generally older renovated buildings offering more limited amenity packages.

This decline in average rents was the result of a record number of new apartments hitting the market in the past year, totaling more than 11,000 units. Optimism that prices will continue to drop is based on an already-planned addition of nearly 14,000 new units in the next three years.

While apartment rental prices had been predicted to decline by housing experts, due to the major increase in new units, the areas of the city most benefiting by price declines were opposite what was expected.

Rental prices were anticipated to plateau in the areas with the largest supply of new units, primarily the Riverfront area in Southeast-and-Southwest D.C., as well as NoMa and surrounding the H Street, N.E., corridor. These areas are expected to continue to lead the city in rental housing growth over the next three years, eventually exceeding the total number of units in central D.C.

Instead, rents dropped in the more established neighborhoods of northwest D.C., including Foggy Bottom, Dupont Circle, Logan Circle, Shaw, and the Mount Vernon Triangle area. The Shaw-Columbia Heights submarket experienced the largest decrease at 4.1 percent while average rents in Dupont-Logan-Mount Vernon declined 2.4 percent – all near-downtown areas. The NoMa and H Street, N.E., area saw a more modest 1.2 percent drop, while absorbing the second-highest number of new units.

In neighborhoods with the most new rental construction, primarily the Capitol Riverfront and Southwest areas, Class-A rents grew by 3.2 percent, an unexpected development. Excitement surrounding The Wharf, with its destination array of dynamic entertainment and nightlife establishments, became a big part of the draw luring renters to the Waterfront area.

Nearly all new rental housing in almost all cities is typically, and historically, higher-priced housing. The availability of new “luxury” apartments, however, serves to reduce the pressure on existing housing, including less expensive units. This benefits the mainstream market overall and allows for a broader range of rental price points.

Over the past decade, D.C. has become one of the most expensive cities in the country for rental housing. The sky-high cost of living, only partially offset by a relatively high median income, affects the economic demography of residents and both the pace of new arrivals and who they are.

In-migration to the city has begun to taper off while remaining robust, and is increasingly comprised of wealthier new residents. D.C. has yet to see departures by Millennials exceed arrivals, as is now the case in the metropolitan area for the first time in many years, but their net influx is noticeably slowing. Rental housing affordability is a key factor in this shift.

If market-rate housing is to be marginally affordable and price-stable, the essential solution component is creating an adequate supply.

D.C. public policies, zoning rules, and regulatory procedures must encourage and incentivize new rental housing construction. More important, neighborhood NIMBY activists must end their knee-jerk, and counter-intuitive, opposition to building it.

 

Mark Lee is a long-time entrepreneur and community business advocate. Follow on Twitter: @MarkLeeDC. Reach him at [email protected].

Continue Reading
Advertisement
1 Comment

1 Comment

  1. LesbianTippingHabits

    November 11, 2017 at 9:09 pm


    Thanks, Mark Lee, but how do you tip?

Leave a Reply

Your email address will not be published. Required fields are marked *

Opinions

The future of lesbian bars

Resolve to support our queer spaces in 2022

Published

on

lockdown zone, gay news, Washington Blade

This New Year, I hope you wish for more lesbian bars across the country. The story of lesbian bars in the U.S. has been slightly tragic of late: as of January 2021, there were only 15 clubs or bars dedicated to queer women across the country. 

That’s right—only 15. Across all 50 states. 

In Washington, D.C., my hometown, A League of Her Own stands out as the only lesbian bar in the city, dedicated to queer women. Located in Adams Morgan, A League of Her Own, also known as ALOHO, is a small mecca for queer ladies to pass through, socialize, and flirt. ALOHO is a chic gathering point for all queer folk, with posters of softball players dotting the walls and gender neutral signs lying about. 

Several years ago, another lesbian bar called Phase 1 existed in Southeast, where queer women could slam eight balls in pool games and engage in raunchy yet ever-so-hot jello wrestling competitions. 

Unfortunately, Phase 1 shut its doors in 2016. 

So what explains the closure of so many lesbian bars, while bars for gay men continue to flourish? Perhaps many queer women view gay bars as a space for their own as well, whereas gay men view lesbian bars as less of a place for them to socialize. 

Either way, we need to give support to lesbian bars now more than ever. Tokens of support can take many forms. 

For one, make sure to socialize in spaces dedicated to queer ladies. There are three lesbian bars in New York City: Cubbyhole (281 W. 12th St.), Gingers in Brooklyn (363 5th Ave.), and Henrietta Hudson (438 Hudson St.). Next time you visit the Big Apple, make sure to give these three spots some love. Maybe drag your experimenting bi friend to these locations. Or your pansexual roommate. 

Back in D.C., you can buy unisex shirts in A League of Her Own’s merchandise store, available online. 

Proceeds will go toward funding the bar, and making sure it stays afloat, especially during this COVID economy. 

Most of all, I hope you encourage your queer lady friends to keep on frequenting queer lady destinations. After all, there is only one thing that will keep lesbian bars afloat—and that is attendance. 

I, for one, will be frequenting many lesbian destinations this new year.  

Isaac Amend is a Yale graduate and participated in National Geographic’s ‘Gender Revolution’ documentary. He also is a member of the LGBT Democrats of Virginia, and contributes regularly to the Blade. Follow him on Twitter and Instagram at @isaacamend.

Continue Reading

Opinions

Breaking barriers as an out trans ‘Jeopardy’ champion

Amy Schneider’s run inspires us all

Published

on

Amy Schneider (Photo courtesy of Sony Pictures Television)

“When was the last time anybody said ‘wow!’” a friend asked me.

I couldn’t remember the last time anyone I know (including me) had any “Wow!” moments. Until I heard about trans woman and software engineering manager Amy Schneider’s 29-game winning streak on “Jeopardy.”

You wouldn’t think anything could dispel our COVID exhaustion and political divisiveness. Yet, news about a champion on “Jeopardy,” a quiz show that has been on TV since 1964, has broken through our gloom.

In our culture, there are few things that everyone loves. But, “Jeopardy” is beloved by many, from theater geeks to 80-year-old sports nuts. A progressive friend was over the moon when his brother was a “Jeopardy” contestant. A buddy, a hetero (non-Trump) Republican, is a “Jeopardy” fanatic and a gay librarian pal is a “Jeopardy” freak.

Many of us daydream about being on “Jeopardy.” But we know that we wouldn’t have a chance on this legendary quiz show with its deceptively simple format: You give the answer to the (often incredibly hard) clues in the form of a question. You have to have a strategic military commander’s and a world-class athlete’s coordination: so you can press the buzzer to answer the clue.

The game’s categories run the gamut from opera to mountain ranges. Most of us, mere mortals, would be lucky to know even one category in the first round of the game. Let alone in the “Double Jeopardy” round or the “Final Jeopardy” clue. I might jump on clues about Katharine Hepburn movies or M&Ms. But that would be it for me.

It’s exciting to watch a “Jeopardy” contestant become a long-running champion. You marvel at the player’s intelligence, endurance, and nerve. It’s thrilling when the contestant on a winning-streak is part of your community.

Many of us LGBTQ “Jeopardy” fans are thrilled by Schneider’s record-setting winning streak. As I write this, Schneider has won more than $1 million in 29 games of “Jeopardy.” She is the fifth millionaire in “Jeopardy” history, and only the fourth player to reach this milestone in the regular season. She has won more than any other female “Jeopardy” contestant.

Schneider, like so many of us, doesn’t want to be defined by her gender identity or sexuality. Schneider’s life is multi-faceted; she has many interests. Schneider lives with her girlfriend Genevieve. They have a cat named Meep.

Yet, Schneider doesn’t want to hide that she’s trans. On “Jeopardy,” Schneider brilliantly dealt with this dilemma. She didn’t make a big deal about being out. She just wore the trans Pride flag pin.

“It was something that I wanted to get out there and to show my pride in while not making it the focus of what I was doing there,” Schneider told the New York Times. “Because I was just there to answer trivia questions and win money.”

As a cisgender lesbian, I can’t speak to how Schneider’s record-setting “Jeopardy” streak feels to transgender people.

But, as a trans ally, I’m cheering for Schneider. Kudos for her bravery! At a time when many states are passing anti-trans laws, it takes guts to be out on TV and the Internet.

Few things are as mainstream as “Jeopardy.” I bet that many “Jeopardy” viewers who are frightened at the idea of trans people, will become more comfortable with transgender people after watching Schneider on the popular quiz show. Because folks on TV come into our living and bedrooms and we feel as if we know them after watching them for a while.

“Amy looks like everybody else,” my neighbor said when I told her Schneider was trans. “She doesn’t act odd. She’s not strange.”

Transgender people encounter violence and discrimination in everything from housing to health care to employment.

I know Schneider’s “Jeopardy” triumph won’t end transphobia. But her winning streak will go a long way toward jumpstarting a change in hearts and minds.

Kathi Wolfe, a writer and a poet, is a regular contributor to the Blade.

Continue Reading

Opinions

SCARY: Tucker Carlson now the conscience of GOP

Cruz bows down, kisses ring of Fox host

Published

on

Tucker Carlson (Screen capture via Fox on YouTube)

The Republican Party has sunk to a new low, hard to do, when a sleazebag like Tucker Carlson is now their conscience. Seeing Sen. Ted Cruz (R-Texas) groveling before him is laughable, disgusting, and frightening all at the same time. 

As reported in Rolling Stone, Cruz said, “We are approaching a solemn anniversary this week. It is an anniversary of a violent terrorist attack on the Capitol where we saw the men and women of law enforcement demonstrate incredible courage, incredible bravery, risk their lives to defend the men and women who serve in this Capitol.” Then “Cruz was lambasted by Tucker Carlson that night, prompting him to hop on Carlson’s show Thursday and beg for forgiveness. “The way I phrased things yesterday, it was sloppy and it was frankly dumb,” Cruz said before Carlson cut him off and said he didn’t believe him. Cruz took it up a notch, stammering through an absurd bit about how he wasn’t talking about the “patriots across the country supporting President Trump,” only those who assaulted police officers, and that he’s always described anyone who assaults a cop as a terrorist.

Carlson has made a career of being a pompous commentator. Interestingly he worked at CNN, PBS, and MSNBC, before finally landing at Fox in 2009. According to his Wikipedia page he went to Trinity College where he earned a bachelor’s degree and Carlson’s Trinity yearbook describes him as a member of the “Dan White Society,” an apparent reference to the American political assassin who murdered San Francisco Mayor George Moscone and Supervisor Harvey Milk. After college, Carlson tried to join the CIA, but his application was denied, after which he decided to pursue a career in journalism with the encouragement of his father, who advised him that “they’ll take anybody.” Reading this clearly raised my opinion of the CIA and based on what we see in some media today I agree with Carlson’s father on his view of journalism. 

When you have a moment of silence in the House of Representatives to honor those who lost their lives on Jan. 6 and only two Republicans show up, Rep. Liz Cheney (R-Wyo.) and her father Dick Cheney, the former vice president, one understands the influence Carlson has on the GOP. The rest were afraid of being criticized on-air by him or lambasted by Trump. 

Dick Cheney remarked on the GOP, “It’s not a leadership that resembles any of the folks I knew when I was here for 10 years.” He spoke to ABC News saying, “I’m deeply disappointed we don’t have better leadership in the Republican Party to restore the Constitution.” 

There is a leadership void in the Republican Party today. Their so-called leaders are afraid to say what they think if it differs in any way from Trumpism or Carlson’s view of the world, which requires total fealty to Trump. He found a home on Fox where he can lie with impunity and have millions believe his lies. 

President Biden said, in what many think was the best speech of his presidency so far, these people are “holding a dagger to the neck of democracy.” He went on to say, “For the first time in our history, a president not just lost an election, he tried to prevent the peaceful transfer of power as a violent mob breached the Capitol.” 

Tucker Carlson and his ilk have never bothered to answer a question the president threw at them, which is how they can accept all their down ballot victories, governors, and members of Congress, which occurred on the same ballots, cast by the same people, on the same day, as those for president. Of course, Carlson has no need to make sense, tell the truth, or speak rationally because of his platform on Fox, which doesn’t require that.

My question is whether Carlson is as dumb as he makes himself sound or is he brilliant and this is all a big act? Either way the acolytes that follow Trump don’t seem to care and are bowing down to Carlson’s big audience. It’s as if he can tell any Republican senator or congressperson, or Republican candidate for those jobs, to just ‘bend over and take it’ and they do. All we can do is mourn for the GOP of Lincoln and Eisenhower. Non-Trumpers will have to work hard and speak out if they ever want to resurrect a GOP that can be respected.

Peter Rosenstein is a longtime LGBTQ rights and Democratic Party activist. He writes regularly for the Blade.

Continue Reading
Advertisement
Advertisement

Follow Us @washblade

Sign Up for Blade eBlasts

Popular