Re:Inflation rises to 7% in December (led by energy)
by alexk307 on Wednesday January 12, 2022 @04:11PM
(#29912723)
Crystal City is filled with landlords and building owners that feel like they are entitled to price increases ever since Amazon decided to build their HQ2 there. I was there before and after the announcement and the real estate prices doubled based on pure speculation that Amazon employees would come through flush with cash, wanting their 700k+ one bedroom apartments.
Re:Inflation rises to 7% in December (led by energy)
by willis936 on Wednesday January 12, 2022 @04:11PM
(#29912724)
This is the first I've heard of any rent going down anywhere at any time.
Re:Inflation rises to 7% in December (led by energy)
by javert on Wednesday January 12, 2022 @05:15PM
(#29913480)
Hah, they say the crooked printed money goes first to those sucking the government teat, so this makes sense...
Re:Inflation rises to 7% in December (led by energy)
by francisofascii on Wednesday January 12, 2022 @04:31PM
(#29912954)
My friend who lives in Chinatown area says his condo value is still down from Pre-Covid. So he thinks city prices in general are down, not up like the rest of the U.S.
Re:Inflation rises to 7% in December (led by energy)
by LUmBULtERA on Wednesday January 12, 2022 @04:06PM
(#29912671)
Haha yes -- I was trying to be vaguer in another comment but apparently I already said this a while back :).
35% does seem steep, but it doesn't seem fair to compare against last year's rent when it was likely heavily discounted due to COVID.