When Will Crime Start Affecting Prices?

[Anonymous]

Anonymous wrote:When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467.

At what point does the murder rate start actually depressing real estate values? 300 murders? 500 murders like we had in the 90s?

For DC homeowners who have stuck it out, at what point will crime get so bad that you’d want to move or are you in for long haul no matter what happens?

Is there an active campaign for ruining DC's reputation? Who is to gain from this?

[Anonymous]

Anonymous wrote:Unless they are murdering home buyers why would it matter.

Who are they? Why aren't they and their supporters being outed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We sold our Petworth row home end of May and got out of the area altogether after almost two decades in DC. Overall decline in quality of life vs rising cost of living did us in. Crime was one of the big factors, and you don’t realize how much better life is when you don’t have to constantly hear gunshots.
This person overpaid in 2020, but seeing lots of listings like this in once very popular neighborhoods (I would never live on this block): https://redf.in/QIx61E

Given the transaction cost (5%), if they sell at 1m they are breaking even, but chances are they will have to cut their price to sell (been on market for a while now), especially given that there is a decent amount of inventory in that area currently.

Yeah would never live on that block, especially after Covid, pre-covid that area was fine but now, it is literally infested with crime.

Petworth has always been meh. There was a contingent that swore they could will it nice with coffee shops and a blog but it never really got there. Petworth now is still the Petworth of yesterday. It’s the hope that is gone that and the ability to kid one’s self.

Doesn’t the guy who edits the Prince of Petworth blog now live in some posh WOTP neighborhood? Says all you need to know about Petworth.

That said, I think the link you were looking at is for a listing in Columbia Heights.

Oh my god this! We had friends buy down there 6-7 years ago saying how vibrant it was. They mentioned the PoP 20 times, we went to the house warming and spent 1/2 the timing talking about how all his bikes were stolen from the car port area in back. He clearly considers vibrant to mean something different than I do.

[Anonymous]

I think despite how loud you all are about crime and how scared you are or would be (bc you click every single thing about crime), you are the minority. The large majority of us are just loving life in this city and are much more scared of NOVAs suburban sprawl which seems inescapable when you are in it.

[Anonymous]

Anonymous wrote:When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467.

At what point does the murder rate start actually depressing real estate values? 300 murders? 500 murders like we had in the 90s?

For DC homeowners who have stuck it out, at what point will crime get so bad that you’d want to move or are you in for long haul no matter what happens?

I don't really determine whether to uproot myself based solely on what the jurisdiction-wide murder rate is, so I don't plan to move away. And at any rate, if your theory that crime is going to depress real estate values is correct, why would I want to sell and lock in the lower value for my house?

[Anonymous]

Anonymous wrote:I think despite how loud you all are about crime and how scared you are or would be (bc you click every single thing about crime), you are the minority. The large majority of us are just loving life in this city and are much more scared of NOVAs suburban sprawl which seems inescapable when you are in it.

How old are your kids? It's different when your kids are old enough to roam the (formerly safe) neighborhood with their friends, but now they can't due to the increased crime.

[Anonymous]

Anonymous wrote:When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467.

At 80+ days on the market with no sale, I wouldn’t call this “still selling for a premium” …

[Anonymous]

Its a great time to buy, not to sell. Time to sell was 2022. You need to time your sale at peak, if you must move then rent it out until next peak.

[Anonymous]

Blame the stupid mayor bowser for letting crime just get worse and worse. Even the sports teams don’t want to be there anymore because of her lack of action.