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Logan Circle finds itself in the eye of a right-wing storm after Washingtonian reported on its latest resident: Slate economics blogger Matthew Yglesias, who bought a three-bedroom condo in the neighborhood for a whopping $1.175 million.
The alleged disconnect between Yglesias’ center-left politics, the average blogger’s salary, and his condo’s exposed brick caught the attention of various Internet rage-mills. “Remember: money is bad unless it’s in the hands of leftists,” sassed the Daily Caller’s Jim Treacher.
But isn’t Yglesias actually just practicing what he blogs? The 31-year-old Slatester, after all, likes to point out the wisdom of buying now while mortgage interest rates are low.
Yglesias declined to comment on the “controversy,” saying that he may run a post about it on his own blog. (He did, subtly, address it on Twitter this morning, posting a link to his book The Rent is Too Damn High with the comment, “Some thoughts on how to make urban real estate more affordable.) Writes Yglesias: “If I did I would do it as a Moneybox post for Slate rather than running it second-hand through the City Paper.”
That’s how you make the big bucks, kids!
N.B.: Yglesias’ rowhouse may contain the most concentrated amount of media power in the city. While Yglesias and his wife have two floors in the building, the other condo is occupied by none other than fellow Washington Post Co. employee and Washington Post executive editor Martin Baron, who, records indicate, bought it in December for $1.35 million. No word on whether the condo board meets at 15th and L.