Reply to What is truly going on with the DC area real estate market, please explain?

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[quote=Anonymous][quote=Anonymous][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]

OP here, I can’t believe I’m priced out of Columbia Heights/Mount Pleasant. I’ve had my eyes on MP for a while and was waiting after my kid is out of high in a year to start looking [/quote]

I mean...I have my own bone to pick about Columbia Heights. I moved out in 2014 because it was dangerous then - loiters, open-air drug market on certain corners, schools are terrible, and gun shots in playgrounds. Its gotten worse not better. I've always been confused about why people are buying up the SFH rowhomes there on a continuous basis - to the point that something which you would have paid $750,000 for in 2016 is now $1.3M in 2021 but its true.

Mount Pleasant however I have no beef with. I actually think it'll get even more expensive once that part of the city (Kalorama/Adams Morgan/Mt. Pleasant) gets its own Whole Foods or Trader Joes and stops sharing with the 14th/P Street location.[/quote]

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