Feeling despair at market

[Anonymous]

Anonymous wrote:Just wait until DC schools are closed again, the economic effects of the vaccine mandate are felt, and office workers still aren’t back to work downtown...then you should buy. Not now. DC is in for a major correction unless covid is over after omicron.

Lol there’s always one of you

[Anonymous]

Anonymous wrote:...and now the rates are way up. I just looked today and saw 3.875.... was offered 2.875 earlier this year. On a 800k house that's an extra $400 a month! I just got priced out

yikes! Maybe prices will start to decrease.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just wait until DC schools are closed again, the economic effects of the vaccine mandate are felt, and office workers still aren’t back to work downtown...then you should buy. Not now. DC is in for a major correction unless covid is over after omicron.

Lol there’s always one of you

God its so true. Pre-Covid it was always 'the bubble is coming'. Then Covid hit and still no bubble and they've been insisting for two years straight 'its coming the cities are folding in on themselves'.

Okay buddy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wait until DC schools are closed again, the economic effects of the vaccine mandate are felt, and office workers still aren’t back to work downtown...then you should buy. Not now. DC is in for a major correction unless covid is over after omicron.

Lol there’s always one of you

God its so true. Pre-Covid it was always 'the bubble is coming'. Then Covid hit and still no bubble and they've been insisting for two years straight 'its coming the cities are folding in on themselves'.

Okay buddy.

DP. Don’t think it’s a bubble but it does seem like the most growth has been in the inner burbs. Plus, Brooklyn has a far more suburban feel than Manhattan (more green space, more family friendly etc).

[Anonymous]

If you really like this house, then paying $5k for removal and more on top of that to deal with the soil will be worth it. It will be a annoying to deal with, but so is this real estate market and inventory/demand isn't going to balance out anytime soon. There will be more properties on the market in the Spring, but with substantially more buyers.

If you like this one, and can afford it, try to make it work. If you don't want to deal with this headache, start looking for a different neighborhood with significantly cheaper houses. Make an offer on the day your house it hits the market and offer significantly more than list.

[Anonymous]

OP you have to read the disclosures before you make an offer! The oil tank is the main disclosure I was concerned with. How
Did you and your agent miss that? You need to read the disclosure every time you want to make an offer and your agent should be doing the same. And underground tank
Has to
Be dealt with.