Tuesday, November 04, 2014

? of the Day: Does east of the river need millennial renters?

What are your thoughts? 

Do we need their higher incomes (with disposable income) to fuel new retail and economic development or will swanky apartment buildings without income caps be the harbinger of mass displacement?

And while we are on the subject -- where would you rent east of the river? Can you rent east of the river? Would you rent east of the river? 


Alan Page said...

Ward 7 and Ward 8 should welcome renters interested in improving their communities of all ages, especially if they have disposable income. Eventually, millenials are going to get tired of needing to have 3-5 roommates to afford living west of the river and they will start coming in sizable numbers. I give it 3-5 years. Let's welcome them and get them engaged in the community; there's plenty of work to go around...

Also, please encourage young people from Ward 7 and 8 who go away to college to PLEASE RETURN after they graduate. We'll need their know-how and love of the community to keep EOTR growing. There should even be programs aimed at making home ownership easier for such young people (maybe some type of loan forgiveness for DC public/charter school graduates who return and buy their first home EOTR?)

The Advoc8te said...

Great points Alan!

Particularly the point about encouraging local young people who go to college to come back here -- that is very important.