Thank you so much for your bold action on crime, Charles Allen! |
Yes. But there are people who own in dc and still don’t want to admit it yet. |
Not really -- they were wrong from about 2007 to 2019, when prices were basically flat. So wrong for 12 years, then right for 5. I guess you could go down slightly on the 12 years, because if you bought a couple years before, you'd be doing well also. But really, real estate barely beats inflation in the past 20 years in the DMV. So you'd really be better off NOT following their advice more than you would be following it. At the end of the day, buy or sell when it's the right time for you, but don't follow advice from people who stand to gain from doing as many sales transactions as possible. |
Of course. Once you cross Georgia Ave and enter into the dilapidated ghetto that is Takoma Park, your life is basically forfeit. |
THANK YOU now o don’t have to compose my own post. |
"Hill East" is a recently made up name to confuse people into thinking it's a desirable area. It has always been infested with crime. Slapping fancy names on these places seems to be fooling lots of people. |
THIS!!! These people who refuse to admit there's a big problem are the ones allowing the politicians to avoid doing their jobs. |
we live in the burbs but I can't help but to think/worry that over time if people are abandoning dc that will have a ripple effect outward. like the value of being in close proximity of a city that you don't want to go to isn't worth the cost of buying in a close in suburb. |
You’re nuts. There’s not enough homes for the existing population of the DC metro area, let alone the growth that is slated to take place over the next 20+ years. We are short nearly a decade of home construction. Prices will not collapse in DC; there’s not enough supply to meet demand. Prices in DC may not grow as quickly as close in suburbs. We have already seen that in Beltway suburbs in MD and NovA in the past 3 years. But the doomsayers will be wrong. WFH is going to be only 3 days/week max for federal govt once everything shakes out. Management will be in office 4 days per week. Any jobs in finance or RE require 4 days/week in office minimum. Consulting and Big 3 accounting want you in client offices to strengthen the business relationship. You’re nuts if you have a white collar job and are buying far out homes with the expectation you will only be in the office 1-2 days/week. Good luck. |
3 days a week in the office makes it quite easy to buy a far out suburban home as someone who used to do shift work that was three twelve hr shifts a week. Most staff at my urban hospital live in far off burbs but it's just not a big deal when you arrive at work by 630/7a 3 days a week. |
DP to add I know people in senior leadership roles/management in various industries and it seems they settled on permanent 3 days a week in office, not 4. Not everyone with a white collar job works in government in DC. 3 vs 4 is a tipping point and companies that are successful with allowing 3 WFH days will be more desirable workplaces. It makes a significant difference in quality of life. |
Arlington agent here. I have seen an uptick in people moving from The Wharf area. It hasn't developed the vibe people thought it would and a little too unsavory for many. |
Condos are not a disaster and not selling at a loss (I suppose it might if it’s an immediate flip). I know because I’m on the market and looking at listing history. |
They are a disaster, they don't hold their value adjusting for inflation and the HOAs are incredibly high as a % of the property value (1-3+%). You are better off renting than buying a condo. You never truly own it. |
They are a disaster from a price appreciation perspective. If you don’t mind riding the depreciation wave down there is nothing inherently wrong with them as a place to live. Except for all the know problems with communal living. |