D.C. Home Values - Rising Even More Under Trump?

[Anonymous]

http://dc.urbanturf.com/articles/blog/the_trump_effect_on_dc_real_estate/12060

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump people want to live in McLean and great falls

Actually, they want to live in Northwest DC and Georgetown where they have space to entertain. Maybe the third tier appointees will go to McLean or GF, but the majors will be in the city.

Actual administration members, especially senior ones, will likely stay in NW. McLean or GF is more for the clueless lobbyists and defensive/intel contractors who, while making solid coin, frequently don't know all ins an outs of the system. That's why the $23M foreclosure was in McLean, not NW.

[Anonymous]

01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

[Anonymous]

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

[Anonymous]

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

Don't be so naive. I can't speak for DC but look at Arlington as an example. Why do you think real estate prices are so much higher in N. Arlington as opposed to S. Arlington? All 3 Arlington high schools are great but the mix of students is very different. Think about it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

Don't be so naive. I can't speak for DC but look at Arlington as an example. Why do you think real estate prices are so much higher in N. Arlington as opposed to S. Arlington? All 3 Arlington high schools are great but the mix of students is very different. Think about it.

This thread isn't about Virginia. It's about DC.

[Anonymous]

Anonymous wrote:I don't think prices will rise. I think they will flatten and maybe decline is some neighborhoods. I think it will be a buyers market in 2017. Better spruce up your place if you're planning to sell.

Because all the billionaires moving in, Ivanka, and the Obamas says 'Fire Sale!'. I guess we'll find out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

Don't be so naive. I can't speak for DC but look at Arlington as an example. Why do you think real estate prices are so much higher in N. Arlington as opposed to S. Arlington? All 3 Arlington high schools are great but the mix of students is very different. Think about it.

This thread isn't about Virginia. It's about DC.

Silly PP. EVERY thread here needs to talk about North Arlington.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't think prices will rise. I think they will flatten and maybe decline is some neighborhoods. I think it will be a buyers market in 2017. Better spruce up your place if you're planning to sell.

Because all the billionaires moving in, Ivanka, and the Obamas says 'Fire Sale!'. I guess we'll find out.

A few billionaires moving in will not change house prices for most people. They buy at the very high end. Does not affect anything below $3 million. Also, Obama is renting, and maybe even Ivanka. Obama bought in California not here. The Georgetown house that was formerly owned by Jackie Kennedy was reduced by $2 million just this week.

[Anonymous]

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

If the wall is built and there's a (G-d forbid) nasty set of additional deportations, I wouldn't be surprised if that increases house prices. Why? The labor cost of building new houses should increase and new builds would get more $$$. Immigration has meant building has cost a good bit less than it would've otherwise.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't think prices will rise. I think they will flatten and maybe decline is some neighborhoods. I think it will be a buyers market in 2017. Better spruce up your place if you're planning to sell.

Because all the billionaires moving in, Ivanka, and the Obamas says 'Fire Sale!'. I guess we'll find out.

A few billionaires moving in will not change house prices for most people. They buy at the very high end. Does not affect anything below $3 million. Also, Obama is renting, and maybe even Ivanka. Obama bought in California not here. The Georgetown house that was formerly owned by Jackie Kennedy was reduced by $2 million just this week.

The billionaires and millionaires of his cabinet are buying the reach properties. The ones above $5 Million that stay on the market the longest. They're closing that market faster than the normal DC homebuyer could. DC doesn't need help for the under $3 Million market. I own a $800K home but can't afford the $3-$5 million price range, seeing these investors move in and buy potentially lingering properties is nothing but good for our home values all around.

Also the Georgetown Jackie Kennedy house hadn't been renovated in 50 years. All they did was change the drapes and move furniture around. For $6 Million and 7,000 square feet your renovation budget will need to be spectacular and generally above the normal DC buyer's ability - which is where these NYCers and billionaires like Bezos come in. Did you know he bought a Kalorama pad to use as a East coast pied to check in on his business interests? That's what I mean by billionaire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

If the wall is built and there's a (G-d forbid) nasty set of additional deportations, I wouldn't be surprised if that increases house prices. Why? The labor cost of building new houses should increase and new builds would get more $$$. Immigration has meant building has cost a good bit less than it would've otherwise.

If the wall is built and the sanctuary city status disapears a lot of life not only in DC (maids, restaurant workers, dishwashers, hotel workers will all disappear) but suburbia as well. I went to Wheaton the other day and couldn't believe my eyes. The entire downtown is Little Mexico.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

If the wall is built and there's a (G-d forbid) nasty set of additional deportations, I wouldn't be surprised if that increases house prices. Why? The labor cost of building new houses should increase and new builds would get more $$$. Immigration has meant building has cost a good bit less than it would've otherwise.

If the wall is built and the sanctuary city status disapears a lot of life not only in DC (maids, restaurant workers, dishwashers, hotel workers will all disappear) but suburbia as well. I went to Wheaton the other day and couldn't believe my eyes. The entire downtown is Little Mexico.

They may look like Mexicans to you, but most of them are from El Salvador.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:01/20/2017 15:45 here again. I don't think the OP of this thread and the other one (unless they own a $6M+ home in Kalorama) will see an increase in their home value. Most neighborhoods prices will flatten and some of the neighborhoods might see decreases. Especially as mortgage rates climb and if a wall is built.

Yes the wall will definitely affect DC home prices. All of those people from Mexico will no longer be able to move here and inflate home prices with all of their cash. ?????!

If the wall is built and there's a (G-d forbid) nasty set of additional deportations, I wouldn't be surprised if that increases house prices. Why? The labor cost of building new houses should increase and new builds would get more $$$. Immigration has meant building has cost a good bit less than it would've otherwise.

If the wall is built and the sanctuary city status disapears a lot of life not only in DC (maids, restaurant workers, dishwashers, hotel workers will all disappear) but suburbia as well. I went to Wheaton the other day and couldn't believe my eyes. The entire downtown is Little Mexico.

They may look like Mexicans to you, but most of them are from El Salvador.

Apologies, the entire downtown is Little El Salvador.

[Anonymous]

If the radical Islamic world decides to carry out successful terrorist attracts in dc, it could increase vales in the burbs. Just saying...