Housing prices falling ? U ST NW house

[Anonymous]

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

But you bought at an outstanding value 15 years ago. Even if you don’t care about appreciation, you have a very low monthly housing cost. The question is, would you (or anyone) spend $1.65 million for this awkwardly-redesigned row house near U Street today?

No, which is why it is not selling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

But you bought at an outstanding value 15 years ago. Even if you don’t care about appreciation, you have a very low monthly housing cost. The question is, would you (or anyone) spend $1.65 million for this awkwardly-redesigned row house near U Street today?

No, which is why it is not selling.

Of course I wouldn’t. Our place is much nicer ha ha.

But many posters are trashing the neighborhood more generally and not focusing solely on that house. That’s what I’m addressing.

[Anonymous]

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

90% of this website are the pearl-clutching transplant trophy wives whose striver families ruined the parts of NW and the suburbs that used to be normal down to earth families.

They're miserable because they're constantly comparing themselves against others, bitter because they're spending half their income on their $12,000 mortgage on a house they secretly don't think is worth it, and bored because they're too terrified to actually go into the fun parts of DC and take advantage of what makes living here great. So instead they incessantly post here, tearing down people and neighborhoods that dare to have more fun for cheaper and have the audacity to not get robbed or murdered every time they step out of the house as they have convinced themselves is sure to happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

they incessantly post here, tearing down people and neighborhoods that dare to have more fun for cheaper.

See, I’d get it if these U Street houses were “fun for cheaper” — the confusion is that the houses discussed in this thread aren’t much cheaper than other neighborhoods (though they appear to be sitting for longer at their asking prices).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

they incessantly post here, tearing down people and neighborhoods that dare to have more fun for cheaper.

See, I’d get it if these U Street houses were “fun for cheaper” — the confusion is that the houses discussed in this thread aren’t much cheaper than other neighborhoods (though they appear to be sitting for longer at their asking prices).

Believe it or not this site consists on more than just this thread.

Search for "in decline" and you'll see a post for every single neighborhood in the area. Even the nice ones, no doubt posted by either someone in a one step nicer neighborhood who desperately needs someone to look down on or someone in a one step worse neighborhood determined to trash people in the neighborhood they can't afford.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

they incessantly post here, tearing down people and neighborhoods that dare to have more fun for cheaper.

See, I’d get it if these U Street houses were “fun for cheaper” — the confusion is that the houses discussed in this thread aren’t much cheaper than other neighborhoods (though they appear to be sitting for longer at their asking prices).

Believe it or not this site consists on more than just this thread.

Search for "in decline" and you'll see a post for every single neighborhood in the area. Even the nice ones, no doubt posted by either someone in a one step nicer neighborhood who desperately needs someone to look down on or someone in a one step worse neighborhood determined to trash people in the neighborhood they can't afford.

Judging by the number of homeless, destitutes and vagrants in that area, it would appear it’s not that high a bar for entry. I would argue anybody can afford it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why. This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while. We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.

they incessantly post here, tearing down people and neighborhoods that dare to have more fun for cheaper.

See, I’d get it if these U Street houses were “fun for cheaper” — the confusion is that the houses discussed in this thread aren’t much cheaper than other neighborhoods (though they appear to be sitting for longer at their asking prices).

Believe it or not this site consists on more than just this thread.

Search for "in decline" and you'll see a post for every single neighborhood in the area. Even the nice ones, no doubt posted by either someone in a one step nicer neighborhood who desperately needs someone to look down on or someone in a one step worse neighborhood determined to trash people in the neighborhood they can't afford.

Judging by the number of homeless, destitutes and vagrants in that area, it would appear it’s not that high a bar for entry. I would argue anybody can afford it.

You just proved PP’s point. You’re the exact kind of poster they’re talking about.