Tuesday, September 05, 2006
Something is wrong.
Your humble author lives in a good neighborhood that borders on a place less respectable. The wave of gentrification came here only a few years ago and two blocks away the tide may be turning back.
We live in an age of plenty. The 2000 recession reached lows that were the bare minimum to raise concern. We forget that markets change, booms bust, and a growing city can contract. In 1987 the Real Estate markets collapsed. History will, at some point, repeat itself.
When the markets collapse life can still be tolerable. Crime will rise, however that can be combated. In the District crime is already rising. A market collapse could make the idea of a tolerable city a daydream. The District can fight this crime now or the city itself can collapse again.
