I want appreciation!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Anything along or near the VA beltway between Alexandria and Tysons (e.g., Rose Hill, Franconia, Springfield, West Springfield, Burke, Annandale).

I have been hearing about this for a while but only a certain pockets are seeing the appreciation.

It will be over the next 10 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Invest in ghettos like south Arlington but live in the the north

Oh sweetie, this is DCUM not MONA.

[Anonymous]

Is this to live in? I thought we quit trying for appreciation via investment properties. What’s wrong with an index fund? Are you just trying to diversify?

[Anonymous]

Anonymous wrote:Takoma, Silver Spring, and neighborhoods on the Purple Line (which will get built eventually.)

will it? Because the vendor pulling out, costs doubling and a indefinite hold due to COVID doesn't seem very encouraging.

Also be careful taking advice from someone who clearly lives where they are boosting like this person. Any investor will tell you to be careful with stuff that has already gone up in price. You want the next big thing not the current. Besides Takoma Park and Silver Spring are capped at how much they can go up because the are compromise areas that are tied to the prices of the more desirable MoCo areas. Silver Spring will never cost more than Kensignton and Kensignton will never cost more than Bethesda while Bethesda is affected by Chevy Chase and Somerset

[Anonymous]

Where along the metro stops on the Dulles Corridor is most likely to see appreciation in the next ten years? Which have the best schools?

[Anonymous]

Anonymous wrote:EOTR, around annacostia and Ward 8. Lots of development coming up and big money is investing.

Is this your second post? If you're bringing up EOTR (which is not an actual suburb) why aren't you mentioning Ward 7 also?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:that is ... not how the economy works. sorry.

No, that’s just not how selfish people work. Keep your grinch fingers off of PG and South Arlington. They are not “investments,” they are places where people go to live when they need somewhere to live, many of those people being DC natives who are poor POC that were pushed out of their neighborhoods with you modern-day de-facto colonizers. If you want to live there, that’s fine, but it’s not an “investment.” It’s an existing community with people who already live there and have interests in staying there.

If you can’t afford “appreciation” in the areas that already appreciated and are continuing to do so, that’s your fault for not working hard enough in life, I guess.

I know it's frustrating when the world doesn't work as you wish it did, but these changes are coming.

We don’t live in the day and age where these other suburbs got gentrified. The younger generations are a lot more involved in politics, and there’s already lots of conversations among PG residents about pushing back against gentrification, and many new politicians are directly targeting against this. If you NIMBYs protest against workforce housing in Bethesda, people living in PG have a right to protest against selfish assholes pricing them out of their neighborhoods as well. You can live there if you want to live there, but it’s not a place to go because you want to gentrify it and price current residents out. You’re gross.

huh, so in your version of reality, it's a GOOD thing that the people who own real estate in PG County right now won't be able to enjoy the fruits of appreciation? Who do you think gets all of that appreciation when neighborhoods gentrify? And why do you assume that gentrification means displacement? And of course, gentrification and affordable housing are two separate topics.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Takoma, Silver Spring, and neighborhoods on the Purple Line (which will get built eventually.)

will it? Because the vendor pulling out, costs doubling and a indefinite hold due to COVID doesn't seem very encouraging.

Also be careful taking advice from someone who clearly lives where they are boosting like this person. Any investor will tell you to be careful with stuff that has already gone up in price. You want the next big thing not the current. Besides Takoma Park and Silver Spring are capped at how much they can go up because the are compromise areas that are tied to the prices of the more desirable MoCo areas. Silver Spring will never cost more than Kensignton and Kensignton will never cost more than Bethesda while Bethesda is affected by Chevy Chase and Somerset

I'm not a booster, promise. I just have a gut feeling that it will be built ... eventually. So no, I would not buy property there speculatively unless I had a lot of extra cash; but buying a modest SFH that's well priced now and may eventually be walking distance to the metro? Sounds like a smart move to me. That said, I'm not sure how much appreciation is already built to those properties.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Takoma, Silver Spring, and neighborhoods on the Purple Line (which will get built eventually.)

will it? Because the vendor pulling out, costs doubling and a indefinite hold due to COVID doesn't seem very encouraging.

Also be careful taking advice from someone who clearly lives where they are boosting like this person. Any investor will tell you to be careful with stuff that has already gone up in price. You want the next big thing not the current. Besides Takoma Park and Silver Spring are capped at how much they can go up because the are compromise areas that are tied to the prices of the more desirable MoCo areas. Silver Spring will never cost more than Kensignton and Kensignton will never cost more than Bethesda while Bethesda is affected by Chevy Chase and Somerset

Disagree about Takoma Park and Silver Spring. Both have downtowns with character that are getting more and more interesting. I don't see them as compromise areas any more than anywhere else in the area. Takoma Park is the goal area for some. Silver Spring restaurants are far more interesting and varied than Bethesday. Not to mention the parks and that both have less traffic than the western half of the county.

Spoken as someone who lives in neither.

[Anonymous]

Anonymous wrote:
huh, so in your version of reality, it's a GOOD thing that the people who own real estate in PG County right now won't be able to enjoy the fruits of appreciation? Who do you think gets all of that appreciation when neighborhoods gentrify? And why do you assume that gentrification means displacement? And of course, gentrification and affordable housing are two separate topics.

There is a difference between healthy levels of appreciation—such that matches the growing economy and incomes of the region, and apprecification—which drives out longtime residents and destroys existing communities. Appreciation is fine, apprecification is not. Homes are meant for living, not for generating income. You want more income? Then use your own advice and “work harder” for a higher gs position and stop taking the lazy route by cutting into communities full of people who are working hard to be where they live, while you mooch off their communities “investments.” And again, it’s not the 1990s and early 2000s anymore. People are much more politically aware now, and they’re already fighting back. They’re noticing these premature signs, and they’re ringing the bells in their communities and to their local politicians. If you’re going to be so NIMBY in western burbs and feel entitled for the world to work around you and protect the value of your free income, then don’t get mad when other communities want to protect what they worked for from grinch fingers. Also, why are you asking me why I “assume” that gentrification means displacement? Do you know what the definition of it is? Because that’s exactly what it is.

Arlington, Silver Spring, and Takoma Park have apprecified. The inner-burbs of PG County are some of the last remaining places inside of the beltway that haven’t been gentrified, but they’re at high-risk of becoming gentrified, and have already started the premature stages of becoming gentrified. This is especially true for suburbs that are going to be along the new purple line (New Carrollton, Langely Park, etc). If you push these poor and working-class residents, don’t expect to have bus drivers, grocery store employees, janitors, maintenance workers, and other employees that support privileged lifestyles, because I promise you, they’re not going to come and support you when they’ve been pushed all the way out to Upper Marlboro and Charles County. There’s plenty of those jobs there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
huh, so in your version of reality, it's a GOOD thing that the people who own real estate in PG County right now won't be able to enjoy the fruits of appreciation? Who do you think gets all of that appreciation when neighborhoods gentrify? And why do you assume that gentrification means displacement? And of course, gentrification and affordable housing are two separate topics.

There is a difference between healthy levels of appreciation—such that matches the growing economy and incomes of the region, and apprecification—which drives out longtime residents and destroys existing communities. Appreciation is fine, apprecification is not. Homes are meant for living, not for generating income. You want more income? Then use your own advice and “work harder” for a higher gs position and stop taking the lazy route by cutting into communities full of people who are working hard to be where they live, while you mooch off their communities “investments.” And again, it’s not the 1990s and early 2000s anymore. People are much more politically aware now, and they’re already fighting back. They’re noticing these premature signs, and they’re ringing the bells in their communities and to their local politicians. If you’re going to be so NIMBY in western burbs and feel entitled for the world to work around you and protect the value of your free income, then don’t get mad when other communities want to protect what they worked for from grinch fingers. Also, why are you asking me why I “assume” that gentrification means displacement? Do you know what the definition of it is? Because that’s exactly what it is.

Arlington, Silver Spring, and Takoma Park have apprecified. The inner-burbs of PG County are some of the last remaining places inside of the beltway that haven’t been gentrified, but they’re at high-risk of becoming gentrified, and have already started the premature stages of becoming gentrified. This is especially true for suburbs that are going to be along the new purple line (New Carrollton, Langely Park, etc). If you push these poor and working-class residents, don’t expect to have bus drivers, grocery store employees, janitors, maintenance workers, and other employees that support privileged lifestyles, because I promise you, they’re not going to come and support you when they’ve been pushed all the way out to Upper Marlboro and Charles County. There’s plenty of those jobs there.

You sound very, very young. Or very naive. One or the other. Maybe both? Perpetual graduate student who never had kids maybe? People have been making money on real estate appreciation for centuries. As the people who bought up Manhattan when it was farm land. Ask the Catholic Church who bought a good share of the land everywhere in the world and is now wealthier than most nations. To expect real estate to appreciate according to the rules you personally have set is unreasonable.

Now, if what you are hoping for is that PG County avoids appreciation by being extraordinarily poorly run, with bad governance, well, then you may well get your wish. Though I maintain that its lack of appreciation has more to do with racial stereotypes than anything based in reality. But, I guess you're for that?

[Anonymous]

Anonymous wrote:

Anonymous wrote:
huh, so in your version of reality, it's a GOOD thing that the people who own real estate in PG County right now won't be able to enjoy the fruits of appreciation? Who do you think gets all of that appreciation when neighborhoods gentrify? And why do you assume that gentrification means displacement? And of course, gentrification and affordable housing are two separate topics.

There is a difference between healthy levels of appreciation—such that matches the growing economy and incomes of the region, and apprecification—which drives out longtime residents and destroys existing communities. Appreciation is fine, apprecification is not. Homes are meant for living, not for generating income. You want more income? Then use your own advice and “work harder” for a higher gs position and stop taking the lazy route by cutting into communities full of people who are working hard to be where they live, while you mooch off their communities “investments.” And again, it’s not the 1990s and early 2000s anymore. People are much more politically aware now, and they’re already fighting back. They’re noticing these premature signs, and they’re ringing the bells in their communities and to their local politicians. If you’re going to be so NIMBY in western burbs and feel entitled for the world to work around you and protect the value of your free income, then don’t get mad when other communities want to protect what they worked for from grinch fingers. Also, why are you asking me why I “assume” that gentrification means displacement? Do you know what the definition of it is? Because that’s exactly what it is.

Arlington, Silver Spring, and Takoma Park have apprecified. The inner-burbs of PG County are some of the last remaining places inside of the beltway that haven’t been gentrified, but they’re at high-risk of becoming gentrified, and have already started the premature stages of becoming gentrified. This is especially true for suburbs that are going to be along the new purple line (New Carrollton, Langely Park, etc). If you push these poor and working-class residents, don’t expect to have bus drivers, grocery store employees, janitors, maintenance workers, and other employees that support privileged lifestyles, because I promise you, they’re not going to come and support you when they’ve been pushed all the way out to Upper Marlboro and Charles County. There’s plenty of those jobs there.

please tell me your brilliant plan to help people by artificially depressing their home values. come on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:that is ... not how the economy works. sorry.

No, that’s just not how selfish people work. Keep your grinch fingers off of PG and South Arlington. They are not “investments,” they are places where people go to live when they need somewhere to live, many of those people being DC natives who are poor POC that were pushed out of their neighborhoods with you modern-day de-facto colonizers. If you want to live there, that’s fine, but it’s not an “investment.” It’s an existing community with people who already live there and have interests in staying there.

If you can’t afford “appreciation” in the areas that already appreciated and are continuing to do so, that’s your fault for not working hard enough in life, I guess.

I’m so confused by the above. The poster thinks no one should buy in up and coming areas unless they are a POC or were already there? And if it’s the only place you can afford but you don’t fit into these categories than you didn’t work hard enough?! Whhhhaaat!!???

[Anonymous]

Alexandria city, which has been historically held back by poor school ratings (which will matter less now with distance learning) and exurbs like Leesburg with telecommuting being embraced by more employers.

[Anonymous]

Alexandria city is likely to see appreciation with the new mall if construction starts on all the other west end projects too