Wednesday, January 19, 2005

Rent Control in DC

There is an interesting article in today's Post about the future of rent control in DC. From the article:
Couch's organization recently released a study that showed a tenant would have to earn $20.10 an hour to afford a rent of $1,045, the average cost of a one-bedroom apartment in the District. She said a resident would have to work 122 hours a week at the District's minimum wage of $6.60 an hour to afford such an apartment.


One note, the article states that rent control affects most rental units in DC. Lots of people who rent rowhouses (or portions of them) do so unofficially (even if they have written leases), so they are not included in this count.

No comments: