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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do you need your house to appreciate in 10 years?[/quote]

Having done some more research tonight, it actually looks like homes in Burke, VA area also selling for prices similar to 2008.  We've been renting in Arlington, then Silver Spring, for the last 10 years, and I've seen the crazy appreciation there.  I was under the impression that the whole DC region had benefitted, but it looks like the appreciation is more tightly confined or driven by more local factors.  [/quote]

You are correct. There are plenty of areas in DC that have just barely caught up with 2008 prices, and in some cases are still selling for less. Potomac and Great Falls have lost a lot of value in the last 10 years. Silver Spring is probably the same now as in 2008 with some variation within Silver Spring. Even Bethesda hasn't appreciated that much above 2008 peak prices.

Everyone is looking solely at key areas like North Arlington or the massive gentrification within the district and thinking that those appreciations are carrying over for the entire region when that's definitely not the case. [/quote]

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