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Reply to "your predictions for "hot" neighborhoods in DC next year?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I suspect the Cathedral Commons poster was tongue-in-cheek, but there is some substance to the belief that the expensive NWNW neighborhoods -- Georgetown, Foxhall, Palisades, Spring Valley, Kent, Wesley Heights -- stand to appreciate considerably in the coming five to ten years. Once Hardy MS becomes an attractive middle school, parents of two teenage kids will find themselves $40,000 richer each year. That's the equivalent of an 800k mortgage right now and would really relax the budget constraints of prospective buyers. For a point estimate, I would believe a forecast of 250k appreciation in that time frame were Hardy and Wilson to become comparable to MoCo schools. The gains would b mostly in the later years of that window. [/quote] If not flippant, it's wide of the mark. Cathedral Commons is not a neighborhood, just a developer's name for a generic town-centerish project on top of the new Wisconsin Ave. Giant. It's adjacent to McLean Gardens. The housing consists mostly of apartments for singles and couples. There are a handful (8 or so) townhouses for families, directly across from the police station.[/quote] :lol: [/quote]
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