In Shaw (an historically gentrified blog): Pick your neighbors

Friday, June 17, 2005

Just to get a feel for rents in DC, I was looking at the rentals in the City Paper and found:

SHAW/ BATES ST. NW. Large, sunny apt. in 2nd floor of townhouse. W/D, CAC, $700/mo.+. Habitat Real Estate, 202/232-XXXX

Damned we're cheap.
So people of Bates, if you have a poor college grad you want in your hood, see if s/he'll take this.

At 6/17/2005 1:55 PM, Anonymous said...: I wonder what it looks like! We have 2 moderatly nice group houses very close to that and we get 550-600 per room. (One has 4 rooms and one has 5). And they rent out very quickly.
At 6/17/2005 2:17 PM, Anonymous said...: The owner of 1718 #1 is going to rent it out. You don't even want to know...
At 6/17/2005 3:45 PM, Anonymous said...: Hooray for "cheap" rental units!
At 6/18/2005 8:03 AM, John Whiteside said...: It's amazing to me that rentals in DC are not much more expensive than Houston, once you get out of the big hot spot areas (Dupont, Logan etc.). I noticed the same thing in SF last month. As a renter I could easily live in either city.

Of course, in Houston every time I pay the rent, I realize that if I owned the house I'd be writing a check for the mortgage that's about half my rent.

Still, for non-owners in DC, renting and waiting to see if things crash seems like a good strategy to me.