I want appreciation!

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[Post New]01/07/2021 12:21
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Anonymous
Anonymous wrote:Which DC suburb do you think is going to appreciate the most in the next 10 years?


Time machine. Close in Bethesda (or similar in N.Va.). little house big lot. You will make a fortune!!
[Post New]01/07/2021 14:23
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Anonymous
Anonymous wrote: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?


Ashburn
[Post New]01/07/2021 15:16
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Anonymous
Anonymous wrote:Alexandria city is likely to see appreciation with the new mall if construction starts on all the other west end projects too


You think a new mall will bring appreciation? I thought retail was dead.
[Post New]01/07/2021 15:17
quote
Anonymous
Anonymous wrote:
Anonymous wrote: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?


Ashburn


metro goes out to ashburn? that's news to me.
[Post New]01/07/2021 15:36
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Anonymous
Anonymous wrote:
Anonymous wrote:Alexandria city is likely to see appreciation with the new mall if construction starts on all the other west end projects too


You think a new mall will bring appreciation? I thought retail was dead.


Demolishing Landmark Mall, building a hospital and mixed use residential/commercial. Might be akin to Mosaic.
[Post New]01/07/2021 15:37
quote
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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?


Ashburn


metro goes out to ashburn? that's news to me.


https://www.dullesmetro.com/silver-line-stations/
[Post New]01/07/2021 16:16
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Anonymous
My timing wasn’t as good as my friends that bought in my current neighborhood 5 years prior to me, but my SFH in Clarendon has appreciated $550k since we bought it in 2009. We have a house in NW that appreciated $400k since we bought that in 2004. So we have seen over $1 million in appreciation in a little over a decade. My mom and dad thought we were crazy and overpaid...and now admit they were smart purchases.

I’d be careful of areas that are straddling and not yet gentrified. It’s a gamble. It could end up a fortune, but lots of times the neighborhood never takes off and it’s not safe.

I’d check out anywhere where Amazon will have a big impact. Microsoft just announced they are setting up in Rosslyn. Things are only going to get pricier around here.
[Post New]01/07/2021 20:58
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greenpanda
Member Offline
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Alexandria city is likely to see appreciation with the new mall if construction starts on all the other west end projects too


You think a new mall will bring appreciation? I thought retail was dead.


Demolishing Landmark Mall, building a hospital and mixed use residential/commercial. Might be akin to Mosaic.



Agree, the area hasn't really seen any investments in decades. Relative to other areas, particularly the eastern side of Alexandria, it is much cheaper but still very convenient. Bringing amenities could help reduce the gap and have the west end see comparable appreciation. The hospital will employ enough people at the site to help keep some of the retail alive and if you haven't been to that area you'll realize there isn't much retail that doesn't target the immigrant communities, which has made it fly over for the rest of us.
[Post New]01/07/2021 23:51
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Anonymous
Anonymous wrote:Lmao, a lot of the places mentioned in this thread are the same places that studies are identifying as being at risk for gentrification. Closer-in PG County, South Arlington, etc. “Appreciation” is code word for “push the last of the poor remaining inside of the beltway outside of it,” aka gentrification. Please stop repeating this goddamn cycle. It’s good that more people with money are moving into these areas and integrating them more, but if South Arlington becomes another North Arlington, then that’s a problem. If Clinton, Bladensburg, and District Heights become the next Bethesda, then that’s a problem.


Another thread on DCUM points out that wealth is primarily tied to housing and owning a home that appreciates builds wealth. Many black and brown families own homes in south Arlington. You want policies that ensure their homes do not appreciate the same as homes in North Arlington, increasing inequality between the mostly white north and the more diverse south.
[Post New]01/08/2021 00:03
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Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Pg county. The final frontier where you are paying close to a million dollars to live in a shack.


It occurred to me recently that the reason this will not happen anytime soon is for other reasons, mostly political and some funding related. Maybe it will change with redrawn districts in future elections and younger buyers, but it will still take time. All of the younger buyers are there because they are burdened with the loans that they cannot pay back, and the rising health care costs that were reasons the ACA was established anyway.


I think your post is internally inconsistent. It's true that young people with student loans (like me) cannot afford $$$ areas but that's how gentrification happens, and I find PG extremely appealing. It has a ton of middle class and upper middle class black families, which I view as a plus. I bought in Anne Arundel county instead for water access, but if I had it to do over again I'd be shopping in PG. I think it has a very bright future.


PG is nice but the growth in the this area is moving toward the west and your employment opportunities will be more limited living in PG. A commute to Tysons or NW DC would be too long (for me, at least), and 295 between 50 and 695 is always slow. PG also has a mix of county and town/village rules and taxes that I did not find appealing.
[Post New]01/08/2021 00:22
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Anonymous
Frederick.

Better schools than northern moco, bigger houses, 270 toll roads coming soon, people working from home more, & the downtown is vibrant and no longer sleepy.
[Post New]01/08/2021 06:44
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Anonymous
Anonymous wrote:Frederick.

Better schools than northern moco, bigger houses, 270 toll roads coming soon, people working from home more, & the downtown is vibrant and no longer sleepy.


Except that Frederick is rapidly turning into what folks fled from in MoCo, only it's 30 miles further away and primarily accessible by a four-lane demolition-derby of a freeway that's not included in the widening plans further south.
[Post New]01/08/2021 06:52
quote
Anonymous
greenpanda wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Alexandria city is likely to see appreciation with the new mall if construction starts on all the other west end projects too


You think a new mall will bring appreciation? I thought retail was dead.


Demolishing Landmark Mall, building a hospital and mixed use residential/commercial. Might be akin to Mosaic.



Agree, the area hasn't really seen any investments in decades. Relative to other areas, particularly the eastern side of Alexandria, it is much cheaper but still very convenient. Bringing amenities could help reduce the gap and have the west end see comparable appreciation. The hospital will employ enough people at the site to help keep some of the retail alive and if you haven't been to that area you'll realize there isn't much retail that doesn't target the immigrant communities, which has made it fly over for the rest of us.


I'm all for redeveloping the Landmark parcel into a new hospital with adjacent retail and housing, but I'm not sure how much that project alone will contribute to price appreciation in the West End (and in adjacent Lincolnia). Price appreciation is lower in that area because of a proliferation of condos in older buildings (many of which were apartment conversions), lower performing schools, higher rates of poverty and crime (although still low by regional standards), multi-lane roadways that are congested with cars, and a persistent lack of walkability. I don't see this changing in the future without billions and billons of private investment that investors are likely to put elsewhere.
[Post New]01/08/2021 10:53
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Anonymous
If I were to invest now, I would buy in Great Falls, which has had stagnant prices for a few years.
[Post New]01/08/2021 12:08
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Anonymous
8 years in. Paid 1.9. Did work in many fronts but not anything major and a realtor just asked if we would sell at 3.65. NW DC! That is a nice run up.
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