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Real Estate
Reply to "your predictions for "hot" neighborhoods in DC next year?"
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[quote=Anonymous][quote=Anonymous]I bought off of H Street ten years ago, and that describes what it was like. There was a coffee shop that closed down and restaurant that closed down as well. That was the time to buy. If I were ten years younger, I would move out there. [/quote] H street didn't need the amenities as badly - it was adjacent to the Hill. People renovated block by block from the Hill - IE they renovated a house a block away from a block that already had renovated houses. Then the houses on the newly renovated block made possible renovation a block further north. Ditto for Hill East/Potomac Gardens. HA is not in that position. You can't start at M Street SE, and develop/renovate one block at a time till you hit MLK - because of the geographic barriers - 295, AND the park, AND the river. That doesn't mean its time won't come, but it will take something more than H Street and more than Hill East. Meanwhile its good to hear there is appreciation EOTR generally, but how much of that is late recovery in areas hard hit by foreclosures, rather than real transformation? [/quote]
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