News
338,000 People Have Left DC Because of Housing
June 15, 2015
District Measured
DC grew by 90,000 residents from 2000 to 2014, but over that time, 338,000 people moved out of the city because of housing. Some said they wanted new or better housing or to buy their own home, according to a DC survey. Others said they wanted cheaper housing or a better neighborhood. Whatever the reason, Greater Greater Washington says it's "a horrible situation" because housing is "unnaturally and unnecessarily restricted." Developers are frequently told to shrink their plans, which unnecessarily stifles supply, therefore increasing demand. That drives pricing up and people out. [GGW]
