Wealthy new DC residents blame rich newcomers for housing cost hike: poll
Washington
A SURPRISING constituency agrees with critics of Washington's gentrification that wealthy newcomers are driving housing prices through the roof: wealthy newcomers.
A new Washington Post poll finds 78 per cent of people who moved to DC in the past 15 years with incomes of at least US$150,000 per year say that new high-income residents are a major reason for the shortage of affordable housing in the city.
Concern is widespread across racial and income groups, as well as those who have both lost and benefited amid the city's rapid development in the past few decades.
Nearly one in five DC residents named …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases