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Reply to "What is truly going on with the DC area real estate market, please explain? "
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[quote=Anonymous]Prices inside the city have been increasing since 2012. It started skyrocketing thanks to Covid because everyone wants a SFH. I mean...this doesn't surprise me. I was on these boards in 2016, 2017, 2018 telling people to buy now. They all said 'I'll wait - it'll come down'. When in fact D.C. prices have just been mirroring the rise of prices in S.F. and N.Y.C. in a [i]much[/i] shorter amount of time. Its going to keep going up because everything in the city keeps getting more desirable. - One of the top 10 most walkable cities in the country - Grocery stores in every corner and more coming - Best healthcare and hospital care available per capita basis - Schools improving in every quadrant but already excellent in UpperNW, SE near Hill, and NW - Job market is excellent - Tourism market and therefore rental market is excellent - City plans which have increased public transportation and bike paths across the metro area - More ultra-wealthy moving into the city (Bezos should have been clue) - City amenities include free pre-school for residents and paid leave for parents - Beautiful mix of architecture, urban density, and modern capabilities[/quote]
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