Two hundred years ago Sunday, roads out of Washington, D.C., were clogged with wagons hauling household belongings, bank cash, even government documents. Citizens of the capital city were on the run in the face of invading British forces. Along with the Sept. 11, 2001, terror attack and the attack on Pearl Harbor, Sunday marks one of the darkest days in United States history.
Economic forces in the city make it all too easy to supply housing for high-income urbanites, not the cheap kind that once was plentiful in D.C. What’s more, even the ways in which the city harnesses the taxes from those luxury buildings — by subsidizing developers who build units affordable to low-income people — hasn’t filled the gap.
Home prices in the D.C. area have gone up across the board in the past five years, but according to an analysis by Redfin shared with Washington City Paper, the amount by which these prices have risen doesn’t fall into a neat pattern. Instead, two groups of homes have seen the biggest price increase: the cheapest ones and the most expensive ones.