Saturday, January 19, 2013

More on $3,000 Rents

Over the past week I have developed an unhealthy obsession with the concept of paying $36,000 annually for shelter, with no equity or tax deductions to show for it. So here is one more tidbit on high rents in the District of Columbia.

Between 2006 and 2010, 169 District households (remember that only a sample of households were surveyed) told the Census Bureau they pay an amount equal to at least $3,000, in 2010 dollars, in gross rent every month. The demographic that these households represent likely captures a diverse range of people, from high-income loft dwelling bachelors like John Wall, to bands of 4-plus entry level nonprofit staffers united by Craigslist.

While the sample size behind these statistics is too small to make any concrete conclusions, the relative figures below give a sense of who's paying $3k:


  1. DC should abolish sales tax and replace it with a land value tax. It would decrease the cost of land and give the incentive to build more multi-unit apartments so the rent would fall, too.

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