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

[Anonymous]

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

If UFOs start kidnapping the daughters of the powerful in DC, that would also be good for real estate in the burbs.

[Anonymous]

Mortgage rates have gone up considerably recently. If that trend continues, it will definitely affect housing prices.

[Anonymous]

Anonymous wrote:

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.

Yes, I do know. Stupid man, the two houses have been sitting for years and he paid 1 million above asking price.

[Anonymous]

New billionaire(ss) https://www.washingtonian.com/2017/10/04/heres-where-laurene-powell-jobs-should-house-hunt-in-washington/

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would love to see the area (city included) to become less fed-dependent. But I don't see how Trump's presence will promote this when you admit it doesn't seem like he will even be here full time.

I don't know if it'll happen but even the L.A. Times points to foreign governments and representatives spending more money in the city to 'impress' Trump and a new casino across the border as a sign of more money in the area. More money not technically tied to the well-being of the government itself.

The new casino had nothing to do with Trump and was being built long before he even announced. That was in the works in PG County under Wayne Curry (who is dead now).

[Anonymous]

It has nothing to do with trump or Obama or any president
It's the blacks finally leaving DC that matters

DC was cheap before 2000s because its almost inhabitable for anyone but blacks, so people were forced to live in suburbs

[Anonymous]

Anonymous wrote:It has nothing to do with trump or Obama or any president
It's the blacks finally leaving DC that matters

DC was cheap before 2000s because its almost inhabitable for anyone but blacks, so people were forced to live in suburbs

Wtf? I guess we are one large, base, homogenous mass of people who hold DC dear.

[Anonymous]

Anonymous wrote:It has nothing to do with trump or Obama or any president
It's the blacks finally leaving DC that matters

DC was cheap before 2000s because its almost inhabitable for anyone but blacks, so people were forced to live in suburbs

There were plenty of white people in DC during that time period. The more recent change is more are using the public schools.

[Anonymous]

D.C. its on and popping.

Report: Kushner Family Pays $1.1B for 6,000 Apartments in Maryland, Virginia

https://www.nbcwashington.com/news/local/Report-Kushner-Family--506270541.html

[Anonymous]

Anonymous wrote:It has nothing to do with trump or Obama or any president
It's the blacks finally leaving DC that matters

DC was cheap before 2000s because its almost inhabitable for anyone but blacks, so people were forced to live in suburbs

So, "blacks" aren't people? Thanks for your opinion.

[Anonymous]

Anonymous wrote:D.C. its on and popping.

Report: Kushner Family Pays $1.1B for 6,000 Apartments in Maryland, Virginia

https://www.nbcwashington.com/news/local/Report-Kushner-Family--506270541.html

This is the real socialism. They are trying to finance with a loan guaranteed by Fannie-Freddie.

Why can’t they go to the banks and just get a normal CRE loan?

[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.

Just read in article that said that Trumpsters like City Center and Kalorama. Georgetown has not been popular.

[Anonymous]

Anonymous wrote:It has nothing to do with trump or Obama or any president
It's the blacks finally leaving DC that matters

DC was cheap before 2000s because its almost inhabitable for anyone but blacks, so people were forced to live in suburbs

Wow.

[Anonymous]

Anonymous wrote:It has nothing to do with trump or Obama or any president
It's the blacks finally leaving DC that matters

DC was cheap before 2000s because its almost inhabitable for anyone but blacks, so people were forced to live in suburbs

I guess all the white people I knew in DC in the 1980s and 1990s were in my imagination.

[Anonymous]

Anonymous wrote:

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.

Just read in article that said that Trumpsters like City Center and Kalorama. Georgetown has not been popular.

Does it really matter? It's amazing for the District as a whole. There is also not a single condo available to rent or buy on the whole of the Wharf at Southwest Waterfront. I love seeing my city flourish.