With the zeal of a motivational speaker, Behnke tells her clients they can buy in the District at a cost comparable to the pricey rents here if they take in roommates to help make the mortgage. Twenty-five-to-34-year-olds in the District might earn a median salary of $44,680 (nationally, the median income for millennials in metropolitan areas is $27,025). But rents in neighborhoods such as Columbia Heights, Adams Morgan and Logan Circle average $2,000 per bedroom — far above the generally recommended income-to-expense ratio of 30 percent. Why not pay yourself rather than a landlord, Behnke reasons.
Yet after a day of showings, the 29-year-old will trek up 11th Street NW to a Columbia Heights rowhouse she shares with three friends. With the city’s median home price at $460,000, the agent who sells the Washington dream is a renter.
This weekend’s Washington Post Magazine is all about millennials and though I generally can’t bring myself to read pieces about the youngs these days, I just couldn’t help myself. It’s not terrible? I did find the story about the millennial real estate agent trying to convince her peers to buy houses and then rent out the rooms so they can actually afford to live in them a little batty. Also, Georgetown is apparently trying to be cool with the young crowd again (what, was it not cool when I worked in that neighborhood nine years ago and went to piano-sing-alongs at Mr. Smiths?).
Union Kitchen moved into the space in late November of 2012, taking over what had been the commissary for a chain of local kabob houses. Jonas Singer and Cullen Gilchrist had been looking to expand the kitchen operations for a café they own in the city. But this two-story red brick warehouse situated on a cramped manufacturing block was more space than they needed. So they turned the warehouse – complete with a walk-in freezer, two fridges and prep space for two-dozen entrepreneurs – into a shared kitchen and food incubator. For $500 a month, member chefs get a share of their own prep table, access to communal equipment, pantry shelves, and ingredients at wholesale prices.
In Atlantic Cities, Emily Badger has an essay looking at how the “sharing economy” has expanded in high population cities like Washington D.C., where affordable space is so rare that groups of small businesses are coming together to share space—like Union Kitchen where mole, cupcakes and Kombucha is made by various cooks who wouldn’t have been able to pay for commercial space on their own. We share cars, sitters, books—might as well share kitchen space. What can’t we share?