20015 only 1 house on market for 700 to 1M!

[Anonymous]

WTF?! One house in all of 20015 on market in range of 700 to 1M! Why?!

[Anonymous]

Low inventory. Plus, entry point for that area is close to 850k for something decent.

[Anonymous]

It is like that throughout all the "desirable" close in sections o the DC area. Don't feel pressured to buy. Wait if you can. More will eventually come on and I hope/assume prices will fall.

[Anonymous]

Anonymous wrote:It is like that throughout all the "desirable" close in sections o the DC area. Don't feel pressured to buy. Wait if you can. More will eventually come on and I hope/assume prices will fall.

Wishful thinking. There is nothing on the horizon that would depress prices in this area. If anything, they are projected to rise.

[Anonymous]

What about Gov and contractors losing money from Sequestratiom?

[Anonymous]

Anonymous wrote:What about Gov and contractors losing money from Sequestratiom?

Um, no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What about Gov and contractors losing money from Sequestratiom?

Um, no.

Is this because you think the Feds will address sequestration before people are actually furloughed, the potential number of furloughed employees is low or because you so not think Feds live in this neighborhood. Feds live in these neighborhoods, granted on the higher ends of the payscale.

[Anonymous]

Anonymous wrote:It is like that throughout all the "desirable" close in sections o the DC area. Don't feel pressured to buy. Wait if you can. More will eventually come on and I hope/assume prices will fall.

20015 is so 'close in' that it is actually IN the District.

[Anonymous]

There are other houses if you are willing to fix up. We live in something that would be considered a "tear-down" by DC or Aspen standards. We always get flyers left on our door asking if we'll sell...to a developer. You need to find a family that is moving...an older retiree...and get them to sell to you direct. Be humble. Location, location, location.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about Gov and contractors losing money from Sequestratiom?

Um, no.

Is this because you think the Feds will address sequestration before people are actually furloughed, the potential number of furloughed employees is low or because you so not think Feds live in this neighborhood. Feds live in these neighborhoods, granted on the higher ends of the payscale.

I think it's because high-skilled workforces have an easier time finding new jobs, innovating, and being entrepreneurs. I also don't think a slight dip in income for a relatively small segment of the local economy will have an impact on prices, certainly not for people purchasing homes from 700k to 1 million.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about Gov and contractors losing money from Sequestratiom?

Um, no.

Is this because you think the Feds will address sequestration before people are actually furloughed, the potential number of furloughed employees is low or because you so not think Feds live in this neighborhood. Feds live in these neighborhoods, granted on the higher ends of the payscale.[/quote

Agree with a PP on this. The people who can afford these price points are certainly not all feds. And those feds who can afford these price points are highly skilled professionals and can find jobs in the private sector.

[Anonymous]

Not worth it! Come to Brookland. Awesome homes way below 700, great Charters nearby and lots of development coming. Great investment opportunities. I personally don't understand the attraction to CC, DC. Seems overpriced, boring and too uptight.

[Anonymous]

Anonymous wrote:Not worth it! Come to Brookland. Awesome homes way below 700, great Charters nearby and lots of development coming. Great investment opportunities. I personally don't understand the attraction to CC, DC. Seems overpriced, boring and too uptight.

Not CC DC, but AU Park so I assume you have the same opinion. For us it is the good schools without charter stress, walkable to parks, shops, restaurants and metro, safety and great community for raising a family (e.g. Our 8 year old can walk down the street to play at her friend's house on her own, neighbors are outside on sunny days talking and watching the kids play). Our house is not ideal but we have been here a while now and are planning our renovation.

[Anonymous]

Anonymous wrote:Not worth it! Come to Brookland. Awesome homes way below 700, great Charters nearby and lots of development coming. Great investment opportunities. I personally don't understand the attraction to CC, DC. Seems overpriced, boring and too uptight.

Brookland appeals to some, but it's been trying to emerge for more than 15 years with little success.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not worth it! Come to Brookland. Awesome homes way below 700, great Charters nearby and lots of development coming. Great investment opportunities. I personally don't understand the attraction to CC, DC. Seems overpriced, boring and too uptight.

Brookland appeals to some, but it's been trying to emerge for more than 15 years with little success.

apples and oranges