Wealthy newcomers partly blame themselves for housing prices

WASHINGTON (AP) - Wealthy newcomers to the nation's capital partly blame themselves for skyrocketing housing prices in the city.

That's according to a new Washington Post poll. The newspaper reported Saturday that 78 percent of recent transplants who make at least $150,000 say they're a major reason behind the affordable housing shortage.

The Washington Post found that concern over the issue is widespread across demographic groups. Many District residents also blame the city government for not spending enough to create and maintain affordable housing.

The median home value in the city has tripled from $136,200 in 2000 to $484,000 last year. Rents are rising in parallel.

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Information from: The Washington Post

© 2017 Associated Press


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