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Real Estate
Reply to "s/o How far will prices drop in MoCO?"
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[quote=Anonymous]PP, where exactly is your data on all this? This is a lot of interesting opinion, I am just wondering where it shows up in the data? Where does it say people are not getting enough for their homes in Potomac and do not like the condos in Bethesda? How do we know for example, that there is not simply an oversupply of condos being built in Bethesda as developers rushed into a good market and to beat the moratorium? When at least 10 buildings go up of at least 12 stories within a couple years, doesn't that seem like an excessive amount of supply? I would not reference the Lauren as anything other than a boutique item. It's like forming an opinion on the NY housing market from the Hamptons sales. The people buying in the Lauren are a small group in the larger data.[/quote]
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