Mt. Pleasant craziness

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can someone tell me why the neighborhood is so hot? It's not that metro accessible, and the amenities are better in other neighborhoods. As I have been house hunting, I don't understand how these houses command the same prices as those on Capitol Hill, which does amenities. I am genuinely curious as I currently don't live in the area.

Metro is a 10 minute walk and bus lines run right through it. Add to that, it's walkable to colhi, admo, dupont, logan, and most of NW. I don't live there, but hoped I would by now. It has a tight knit, active, and vibrant community. It's beautiful. It has diversity both in race and socioeconomic status. Capitol Hill is so isolated in this city. That's changing, but mt p is a fantastic neighborhood.

New transplants who use these sorts of cringeworthy terms for Columbia heights and Adams Morgan are exactly the kind of idiots I'd expect to pay inflated prices in mount pleasant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone tell me why the neighborhood is so hot? It's not that metro accessible, and the amenities are better in other neighborhoods. As I have been house hunting, I don't understand how these houses command the same prices as those on Capitol Hill, which does amenities. I am genuinely curious as I currently don't live in the area.

Metro is a 10 minute walk and bus lines run right through it. Add to that, it's walkable to colhi, admo, dupont, logan, and most of NW. I don't live there, but hoped I would by now. It has a tight knit, active, and vibrant community. It's beautiful. It has diversity both in race and socioeconomic status. Capitol Hill is so isolated in this city. That's changing, but mt p is a fantastic neighborhood.

New transplants who use these sorts of cringeworthy terms for Columbia heights and Adams Morgan are exactly the kind of idiots I'd expect to pay inflated prices in mount pleasant.

Nice try but I grew up here and I used them bc I'm on my phone.

[Anonymous]

My pleasant has the grossest strip of retail ever. Not sure why not cheaper than col hts

[Anonymous]

Not really a surprise that a bunch of rich, upper NW stay-at-home moms know nothing about economics. Mt. Pleasant isn't overvalued if that's what houses are going for -- it's called market value.

[Anonymous]

I am the PP who posted asking why the prices were so high. Not everywhere in the neighborhood is that walkable to Metro. In some of the neighborhoods , you can be on top of a Metro station for these prices. And while you pooh pooh people who like having restaurants and bars nearby, people who have one or two kids absolutely do appreciate retail and restaurants that are walkable and don't involve loading everyone into a car. Are you trying to tell me that there aren't families who live on Capitol Hill that don't appreciate Barracks Row? That doesn't jibe with the people I see out on the street. Maybe when you had kids you decided your life had to end, but for many of us it does not.

It's a nice neighborhood, and I'm sure it does have a nice sense of community, but if I'm going to pay big city prices, I want big city amenities. That means walkable restaurants, grocery stores and Metro. A twenty minute walk one way to Metro is not that desirable. And loading kids to take the bus isn't either. The zoo is nice, but honestly, how often are you going there? And both 11th St and 14th st are superior to the commercial strip n Mt. P, hands down.

This is just my opinion after limited experience. I feel like the the idea of Mt. Pleasant is better than actual Mt. Pleasant. I'd love to be proved wrong though.

[Anonymous]

Anonymous wrote:Not really a surprise that a bunch of rich, upper NW stay-at-home moms know nothing about economics. Mt. Pleasant isn't overvalued if that's what houses are going for -- it's called market value.

No one said its veer priced. It's obviously what the market will bear. I think the question revolves around where is the value for those market prices. People paid exorbitant prices for tulips in Holland in the 18th century. It doesn't mean those tulips had inherent value.

[Anonymous]

Anonymous wrote:Not really a surprise that a bunch of rich, upper NW stay-at-home moms know nothing about economics. Mt. Pleasant isn't overvalued if that's what houses are going for -- it's called market value.

That's kind of tautological. Obviously people can and often do disagree as to whether the market values of different assets are justified or sustainable. I lived in Mt. Pleasant years ago when prices were much lower and, honestly, the neighborhood hasn't changed all that much. Other parts of the city have changed much more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone tell me why the neighborhood is so hot? It's not that metro accessible, and the amenities are better in other neighborhoods. As I have been house hunting, I don't understand how these houses command the same prices as those on Capitol Hill, which does amenities. I am genuinely curious as I currently don't live in the area.

Metro is a 10 minute walk and bus lines run right through it. Add to that, it's walkable to colhi, admo, dupont, logan, and most of NW. I don't live there, but hoped I would by now. It has a tight knit, active, and vibrant community. It's beautiful. It has diversity both in race and socioeconomic status. Capitol Hill is so isolated in this city. That's changing, but mt p is a fantastic neighborhood.

New transplants who use these sorts of cringeworthy terms for Columbia heights and Adams Morgan are exactly the kind of idiots I'd expect to pay inflated prices in mount pleasant.

Nice try but I grew up here and I used them bc I'm on my phone.

I never heard these made-up terms before.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone tell me why the neighborhood is so hot? It's not that metro accessible, and the amenities are better in other neighborhoods. As I have been house hunting, I don't understand how these houses command the same prices as those on Capitol Hill, which does amenities. I am genuinely curious as I currently don't live in the area.

Metro is a 10 minute walk and bus lines run right through it. Add to that, it's walkable to colhi, admo, dupont, logan, and most of NW. I don't live there, but hoped I would by now. It has a tight knit, active, and vibrant community. It's beautiful. It has diversity both in race and socioeconomic status. Capitol Hill is so isolated in this city. That's changing, but mt p is a fantastic neighborhood.

New transplants who use these sorts of cringeworthy terms for Columbia heights and Adams Morgan are exactly the kind of idiots I'd expect to pay inflated prices in mount pleasant.

Nice try but I grew up here and I used them bc I'm on my phone.

I never heard these made-up terms before.

I'm not the poster of the abbreviated words, but who feels like spelling out full words when your on your phone? Albeit made up, but you get the point.

[Anonymous]

Anonymous wrote:I am the PP who posted asking why the prices were so high. Not everywhere in the neighborhood is that walkable to Metro. In some of the neighborhoods , you can be on top of a Metro station for these prices. And while you pooh pooh people who like having restaurants and bars nearby, people who have one or two kids absolutely do appreciate retail and restaurants that are walkable and don't involve loading everyone into a car. Are you trying to tell me that there aren't families who live on Capitol Hill that don't appreciate Barracks Row? That doesn't jibe with the people I see out on the street. Maybe when you had kids you decided your life had to end, but for many of us it does not.

It's a nice neighborhood, and I'm sure it does have a nice sense of community, but if I'm going to pay big city prices, I want big city amenities. That means walkable restaurants, grocery stores and Metro. A twenty minute walk one way to Metro is not that desirable. And loading kids to take the bus isn't either. The zoo is nice, but honestly, how often are you going there? And both 11th St and 14th st are superior to the commercial strip n Mt. P, hands down.

This is just my opinion after limited experience. I feel like the the idea of Mt. Pleasant is better than actual Mt. Pleasant. I'd love to be proved wrong though.

[Anonymous]

You all realize that the city is moving towards having a $1M minimum for single family and row houses. Many of the larger row houses are being converted to 2 and 3 'family" units. The laws of supply and demand, combined with being in, or near the center of the region make this possible.

10 years from now, $750,000 for a Mt Pleasant row house will seem like a good deal.

[Anonymous]

Anonymous wrote:You all realize that the city is moving towards having a $1M minimum for single family and row houses. Many of the larger row houses are being converted to 2 and 3 'family" units. The laws of supply and demand, combined with being in, or near the center of the region make this possible.

10 years from now, $750,000 for a Mt Pleasant row house will seem like a good deal.

Exactly! I live in "colhi" (a term I've never seen after living in the neighborhood for 14 years and in the city for 24.) A house a few doors down just sold for 1 million after being renovated as a single family home. Makes me happy as a homeowner, but damn that is some craziness to see that price in a house across the street from public housing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You all realize that the city is moving towards having a $1M minimum for single family and row houses. Many of the larger row houses are being converted to 2 and 3 'family" units. The laws of supply and demand, combined with being in, or near the center of the region make this possible.

10 years from now, $750,000 for a Mt Pleasant row house will seem like a good deal.

Exactly! I live in "colhi" (a term I've never seen after living in the neighborhood for 14 years and in the city for 24.) A house a few doors down just sold for 1 million after being renovated as a single family home. Makes me happy as a homeowner, but damn that is some craziness to see that price in a house across the street from public housing.

and with illegals drinking on the front steps.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not really a surprise that a bunch of rich, upper NW stay-at-home moms know nothing about economics. Mt. Pleasant isn't overvalued if that's what houses are going for -- it's called market value.

No one said its veer priced. It's obviously what the market will bear. I think the question revolves around where is the value for those market prices. People paid exorbitant prices for tulips in Holland in the 18th century. It doesn't mean those tulips had inherent value.

Great response!

[Anonymous]

Mt Pleasant has changed a lot over the last few years. There are lots of new restaurants, a coffee shop, and a lot of new families with young kids moving in. There is talk of zoning changes so the entire neighborhood will feed to Bancroft, deal, and Wilson. It remains one of the few places in the city that you can live in a reasonable 3 bedroom townhouse with little crime and also walk to work in 20 minutes. I expect prices will continue to rise, although perhaps more gradually.