Just bought a rowhouse on H Street

[Anonymous]

South of H is a great location. I think you'll love it and it will appreciate with or without the streetcar.

[Anonymous]

Anonymous wrote:South of H is a great location. I think you'll love it and it will appreciate with or without the streetcar.

She plans to live there two years; she doesn't want to appreciate it, she wants it to appreciate. That's where things are quite dicey. If you don't have to worry about schools and are chill about the crime rate (friends there have had home broken into twice), it's a very vibrant urban neighborhood to live and party in.

As far as if good investment, that's is a lot more complicated, with or without streetcar -- but the streetcar matters.

[Anonymous]

Condos will actually help. More density will increase value of fee simple row houses. Look at how expensive houses are in dense parts of NW.

But renting it out after 2 years seems odd. Why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:South of H is a great location. I think you'll love it and it will appreciate with or without the streetcar.

She plans to live there two years; she doesn't want to appreciate it, she wants it to appreciate. That's where things are quite dicey. If you don't have to worry about schools and are chill about the crime rate (friends there have had home broken into twice), it's a very vibrant urban neighborhood to live and party in.

As far as if good investment, that's is a lot more complicated, with or without streetcar -- but the streetcar matters.

The post says "...and it will appreciate..." Maybe read twice before you try to correct people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:South of H is a great location. I think you'll love it and it will appreciate with or without the streetcar.

She plans to live there two years; she doesn't want to appreciate it, she wants it to appreciate. That's where things are quite dicey. If you don't have to worry about schools and are chill about the crime rate (friends there have had home broken into twice), it's a very vibrant urban neighborhood to live and party in.

As far as if good investment, that's is a lot more complicated, with or without streetcar -- but the streetcar matters.

The post says "...and it will appreciate..." Maybe read twice before you try to correct people.

He said she would love it. It was a play on words.

Talk about ad hominem...

[Anonymous]

Anonymous wrote:Condos will actually help. More density will increase value of fee simple row houses. Look at how expensive houses are in dense parts of NW.

But renting it out after 2 years seems odd. Why?

Thank god for endless rental and housing demand. More supply always a good thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:South of H is a great location. I think you'll love it and it will appreciate with or without the streetcar.

She plans to live there two years; she doesn't want to appreciate it, she wants it to appreciate. That's where things are quite dicey. If you don't have to worry about schools and are chill about the crime rate (friends there have had home broken into twice), it's a very vibrant urban neighborhood to live and party in.

As far as if good investment, that's is a lot more complicated, with or without streetcar -- but the streetcar matters.

The post says "...and it will appreciate..." Maybe read twice before you try to correct people.

He said she would love it. It was a play on words.

Talk about ad hominem...

It said both.

[Anonymous]

We've lived just south of H for 5 years and the neighborhood just keeps getting better. We've netted over $200k in just appreciation since we bought. Even if you overpaid, the neighborhood will continue to improve and prices will keep going up. We haven't hit the ceiling yet, though price growth has slowed a bit. Go get a coffee at Sidamo and mussels at GM's and enjoy the neighborhood. It really is a great place to live.

[Anonymous]

Anonymous wrote:We've lived just south of H for 5 years and the neighborhood just keeps getting better. We've netted over $200k in just appreciation since we bought. Even if you overpaid, the neighborhood will continue to improve and prices will keep going up. We haven't hit the ceiling yet, though price growth has slowed a bit. Go get a coffee at Sidamo and mussels at GM's and enjoy the neighborhood. It really is a great place to live.

Joke's on you, GM's is out of mussels

[Anonymous]

It is a 3-2 rowhouse. The basement is finished but has low ceilings. The mechanicals are recent, the reno not so good but thd house is pretty liveable.The back can hold 2-3 cars. I paid slightly less than $700k. School is Miner.

I want to move to a better school district later and rent it out. The rents are not gonna be as good with all the new condo buildings. I plan on keeping the house for a while.

[Anonymous]

Anonymous wrote:It is a 3-2 rowhouse. The basement is finished but has low ceilings. The mechanicals are recent, the reno not so good but thd house is pretty liveable.The back can hold 2-3 cars. I paid slightly less than $700k. School is Miner.

I want to move to a better school district later and rent it out. The rents are not gonna be as good with all the new condo buildings. I plan on keeping the house for a while.

OP, sounds good to me based on info provided. Better still if those ceilings are 7 feet. I would not regret this. I would be wary about condos on H St, but row houses I believe will hold their value and appreciate over time in that area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It is a 3-2 rowhouse. The basement is finished but has low ceilings. The mechanicals are recent, the reno not so good but thd house is pretty liveable.The back can hold 2-3 cars. I paid slightly less than $700k. School is Miner.

I want to move to a better school district later and rent it out. The rents are not gonna be as good with all the new condo buildings. I plan on keeping the house for a while.

OP, sounds good to me based on info provided. Better still if those ceilings are 7 feet. I would not regret this. I would be wary about condos on H St, but row houses I believe will hold their value and appreciate over time in that area.

Thanks, PP.

[Anonymous]

It all hinges on streetcar. If the project happens you are good to go. If it does not, the rental market will tank. Renters want to be close to transportation and bus does not count. Can't imagine they will scrap the project though. So many investments have been made based on the streetcar.

[Anonymous]

Anonymous wrote:It all hinges on streetcar. If the project happens you are good to go. If it does not, the rental market will tank. Renters want to be close to transportation and bus does not count. Can't imagine they will scrap the project though. So many investments have been made based on the streetcar.

You're wrong. Real estate was fine in that area well before the street car, and it will be fine even if it busts.

[Anonymous]

Real estate in the area was fine bc of the projected streetcar. It's what has been driving value there for years.