Someone Teach Him the Laws of Supply & Demand
27th January 2015
With its “vibrant mix of residential, retail, commercial and green space,” Arlington County, Virginia is exactly where a lot of Millennials in the Washington DC area would like to live–at least according to one such Millennial named Harrison Godfrey. However, many can’t, as the median home price is $550,000, which is far more than two professionals who each earn $50,000 a year can afford.
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Arlington, says Godfrey, “requires long-term planning and investment, which is why it’s important for millennials to engage in the new planning process unveiled by the county council.” Actually, he has it backwards: it is planning that got northern Virginia into this mess. Moreover, government planning is always going to be more responsive to the desires of the people who already live (and vote) in a place than to those who want to move there (but may never do so which means they’ll never vote there).