Anonymous wrote:
Anonymous wrote:That's why I see smart money going towards renovating buildings in Anacostia and around while dumb retail clients are overpaying for H street and other hyped areas in DC.
Not sure if you're referring to Anacostia or "Anacostia," but outside of a few areas right by the bridge that will entirely depend on whether DC's plan for Anacostia development actually happens (big if knowing DC) EOTR will probably remain flat for a while considering DC's slow growth.
EOTR is a great place to buy an affordable home and live in it for a while, particularly if you buy near a metro, but it's absolutely not going to explode in value. I've lived EOTR for nearly a decade now and watch real estate closely, homes are sitting on the market. It's not getting worse or anything, it's continually getting incrementally better, but while every new house is being bought by respectable middle class people, there is basically no commercial gentrification, which is what drives appreciation. If you buy EOTR today you will absolutely get a wonderful and convenient place to live but you won't get a cute cafe or hip bar anytime soon and that's what blows up your equity.
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