Is crime affect DC's real estate market?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Only terminally online helicopter parents are worried about living in a city that has by far the highest crime rate out of any capital city in the Western World? That’s an incredibly nihilistic outlook.

+1 the PP was clearly posting from some rich area of DC where they think all DC parents don't have to worry about crime just because they, personally, aren't impacted by crime in their safe haven bubble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Condos are a disaster. Yes. But the detached home market is also far looser than the suburbs.

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.

You are describing the costs of maintenance and taxes, which all home owners pay, without comparing with single home ownership. I regularly hear people plan to spend this much on homeownership on average.

The condo fees are in addition to taxes! So you are paying an extra $2000 a month just for maintenance, which is $24,000 a year on top of property taxes which could be another $15000 a year. So that's approaching $40,000 and this still does not include insurance etc.

[Anonymous]

Who cares about the higher number of murders if it’s the same group of youth gangs getting each other killed. The more the merrier in my view. It leaves the city with the better people

[Anonymous]

Anonymous wrote:Who cares about the higher number of murders if it’s the same group of youth gangs getting each other killed. The more the merrier in my view. It leaves the city with the better people

Oh then I'll stop caring when the bullets fly by my house where my children sleep and neighbors ducked for cover. Didn't realize I should be celebrating the gunshots!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

It's not just condos, it's rowhouses that are sitting if you are paying attention. I've watched real estate in my neck of Hill East and have never seen rowhouses sit for so long. Currently, my specific neighborhood has more houses than I've ever seen simultaneously for sale in the 15 years I've lived there and have watched every real estate listing, and they are sitting for weeks and sometimes months.

DP to add, live in a higher crime area and yes it impacted us moving. I guess people are helicopter parents if they don't like listening to gunshots while sitting in their living room or have people murdered within a block of their house? Hill East has seen a really horrible slate of drive by shootings this year with people literally having to drop to the ground with bullets flying.

This is literally the reason that the people
I know left Hill East. Cowering in their home while a drive-by shooting happened (after a spate of other nearby violent crime) was the straw that broke the camel's back. Add to it the fact that it's not very walkable and the schools are terrible, and I don't know why anyone would want to live there. People are waking up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

It's not just condos, it's rowhouses that are sitting if you are paying attention. I've watched real estate in my neck of Hill East and have never seen rowhouses sit for so long. Currently, my specific neighborhood has more houses than I've ever seen simultaneously for sale in the 15 years I've lived there and have watched every real estate listing, and they are sitting for weeks and sometimes months.

DP to add, live in a higher crime area and yes it impacted us moving. I guess people are helicopter parents if they don't like listening to gunshots while sitting in their living room or have people murdered within a block of their house? Hill East has seen a really horrible slate of drive by shootings this year with people literally having to drop to the ground with bullets flying.

This is literally the reason that the people
I know left Hill East. Cowering in their home while a drive-by shooting happened (after a spate of other nearby violent crime) was the straw that broke the camel's back. Add to it the fact that it's not very walkable and the schools are terrible, and I don't know why anyone would want to live there. People are waking up.

Plus being represented by a council member who thinks violent crime is just part of "city living".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Only terminally online helicopter parents are worried about living in a city that has by far the highest crime rate out of any capital city in the Western World? That’s an incredibly nihilistic outlook.

+1 the PP was clearly posting from some rich area of DC where they think all DC parents don't have to worry about crime just because they, personally, aren't impacted by crime in their safe haven bubble.

+2 It's either that or their oldest kid is under age 6 so they don't understand that the crime means you can't send your 7+ old kids to roam around with friends. Sure you can push your stroller around the less safe areas, but it's a world of difference when your kids can't run around the neighborhood with friends like second graders in safe neighborhoods can.

We left DC in part due to rising crime. Our once-safe neighborhood was no longer safe and our kids could no longer roam around with friends.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Only terminally online helicopter parents are worried about living in a city that has by far the highest crime rate out of any capital city in the Western World? That’s an incredibly nihilistic outlook.

+1 the PP was clearly posting from some rich area of DC where they think all DC parents don't have to worry about crime just because they, personally, aren't impacted by crime in their safe haven bubble.

+2 It's either that or their oldest kid is under age 6 so they don't understand that the crime means you can't send your 7+ old kids to roam around with friends. Sure you can push your stroller around the less safe areas, but it's a world of difference when your kids can't run around the neighborhood with friends like second graders in safe neighborhoods can.

We left DC in part due to rising crime. Our once-safe neighborhood was no longer safe and our kids could no longer roam around with friends.

Which neighborhood did you leave ?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

It's not just condos, it's rowhouses that are sitting if you are paying attention. I've watched real estate in my neck of Hill East and have never seen rowhouses sit for so long. Currently, my specific neighborhood has more houses than I've ever seen simultaneously for sale in the 15 years I've lived there and have watched every real estate listing, and they are sitting for weeks and sometimes months.

DP to add, live in a higher crime area and yes it impacted us moving. I guess people are helicopter parents if they don't like listening to gunshots while sitting in their living room or have people murdered within a block of their house? Hill East has seen a really horrible slate of drive by shootings this year with people literally having to drop to the ground with bullets flying.

This is literally the reason that the people
I know left Hill East. Cowering in their home while a drive-by shooting happened (after a spate of other nearby violent crime) was the straw that broke the camel's back. Add to it the fact that it's not very walkable and the schools are terrible, and I don't know why anyone would want to live there. People are waking up.

Plus being represented by a council member who thinks violent crime is just part of "city living".

If that's the attitude, they will pretty soon not have any city living!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who cares about the higher number of murders if it’s the same group of youth gangs getting each other killed. The more the merrier in my view. It leaves the city with the better people

Oh then I'll stop caring when the bullets fly by my house where my children sleep and neighbors ducked for cover. Didn't realize I should be celebrating the gunshots!

Think of it as spring cleaning.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Only terminally online helicopter parents are worried about living in a city that has by far the highest crime rate out of any capital city in the Western World? That’s an incredibly nihilistic outlook.

+1 the PP was clearly posting from some rich area of DC where they think all DC parents don't have to worry about crime just because they, personally, aren't impacted by crime in their safe haven bubble.

+2 It's either that or their oldest kid is under age 6 so they don't understand that the crime means you can't send your 7+ old kids to roam around with friends. Sure you can push your stroller around the less safe areas, but it's a world of difference when your kids can't run around the neighborhood with friends like second graders in safe neighborhoods can.

We left DC in part due to rising crime. Our once-safe neighborhood was no longer safe and our kids could no longer roam around with friends.

The point is that not all areas of DC have the same exposure to crime. If you live in the Palisades, your experience living in DC is very different than a family who lives in H Street or Hill East. We live in an extremely low crime part of DC and are having a great experience. We are also not out on the street at 2am, but instead sleeping at home with our kids. Time, place, and density of people are greatly determinative as to whether you will be a victim of a violent crime.

The most crime-prone part of DC is actually Columbia Heights; its been that way since I moved to DC in 2000s and that hasn't changed at all. It still blows my mind that high-income families buy and live in Columbia Heights, then complain about crime and safety. CoHi has always been a shooting gallery. Parts of Wards 7 and 8 have a lot less crime than Columbia Heights.

https://crimecards.dc.gov/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Condos are a disaster. Yes. But the detached home market is also far looser than the suburbs.

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.

You are describing the costs of maintenance and taxes, which all home owners pay, without comparing with single home ownership. I regularly hear people plan to spend this much on homeownership on average.

The condo fees are in addition to taxes! So you are paying an extra $2000 a month just for maintenance, which is $24,000 a year on top of property taxes which could be another $15000 a year. So that's approaching $40,000 and this still does not include insurance etc.

Nobody is talking about condos with HOA fees of 2000 a month PLUS taxes of 15k a year on top of insurance. That would apply to only the most luxurious condos which would be in an area with proportionally exorbitant home maintenance costs and taxes. I have never seen a condo with 15k taxes and $2000 a month in HOA (that did not include taxes or insurance and was not a coop). Forty thousand annually is not a cost relevant to most condo ownership, and if it were, the surrounding homes would have an even higher cost attached.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Only terminally online helicopter parents are worried about living in a city that has by far the highest crime rate out of any capital city in the Western World? That’s an incredibly nihilistic outlook.

+1 the PP was clearly posting from some rich area of DC where they think all DC parents don't have to worry about crime just because they, personally, aren't impacted by crime in their safe haven bubble.

+2 It's either that or their oldest kid is under age 6 so they don't understand that the crime means you can't send your 7+ old kids to roam around with friends. Sure you can push your stroller around the less safe areas, but it's a world of difference when your kids can't run around the neighborhood with friends like second graders in safe neighborhoods can.

We left DC in part due to rising crime. Our once-safe neighborhood was no longer safe and our kids could no longer roam around with friends.

This is literally the helicopter parenting I was referring to. Yes, you can send your kids to roam around with friends, you're just irrationally scared to because you don't understand how statistics and probability work. How many middle class kids in DC have been killed by stray bullets in the past 20 years? Probably 0, maybe 1 or 2 at the absolute most. Certainly far far fewer than have been hit by cars roaming the "safe" suburbs. And how in the word is a 7 year old somehow more likely to get hit than a stroller or an adult when it's all (very, very, very low) random chance? It's a nonissue but it FEELS scary to you so you assume it must be, and you're letting it affect your life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Only terminally online helicopter parents are worried about living in a city that has by far the highest crime rate out of any capital city in the Western World? That’s an incredibly nihilistic outlook.

+1 the PP was clearly posting from some rich area of DC where they think all DC parents don't have to worry about crime just because they, personally, aren't impacted by crime in their safe haven bubble.

+2 It's either that or their oldest kid is under age 6 so they don't understand that the crime means you can't send your 7+ old kids to roam around with friends. Sure you can push your stroller around the less safe areas, but it's a world of difference when your kids can't run around the neighborhood with friends like second graders in safe neighborhoods can.

We left DC in part due to rising crime. Our once-safe neighborhood was no longer safe and our kids could no longer roam around with friends.

This is literally the helicopter parenting I was referring to. Yes, you can send your kids to roam around with friends, you're just irrationally scared to because you don't understand how statistics and probability work. How many middle class kids in DC have been killed by stray bullets in the past 20 years? Probably 0, maybe 1 or 2 at the absolute most. Certainly far far fewer than have been hit by cars roaming the "safe" suburbs. And how in the word is a 7 year old somehow more likely to get hit than a stroller or an adult when it's all (very, very, very low) random chance? It's a nonissue but it FEELS scary to you so you assume it must be, and you're letting it affect your life.

I really doubt you understand the first thing about statistics.

Also, the statistics do not support your statement regarding kids being hit by cars in the suburbs. DC and Fairfax County have comparable pedestrian death statistics.

Also, overall traffic fatality rates are similar between Fairfax and DC, using those two jurisdictions as examples.

https://dcist.com/story/23/01/02/more-than-300-people-were-killed-on-local-roads-in-2022/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses.

Condos are a disaster. Yes. But the detached home market is also far looser than the suburbs.

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.

You are describing the costs of maintenance and taxes, which all home owners pay, without comparing with single home ownership. I regularly hear people plan to spend this much on homeownership on average.

The condo fees are in addition to taxes! So you are paying an extra $2000 a month just for maintenance, which is $24,000 a year on top of property taxes which could be another $15000 a year. So that's approaching $40,000 and this still does not include insurance etc.

Where are property taxes $15k in DC unless the condo is $5M.