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Metropolitan DC Local Politics
Reply to "Six Figures: DC-Area Home Sellers See Highest Profits on Record"
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[quote=Anonymous][quote=Anonymous]Seems like a pointless number... How does this account for upgrades and renovations? Over time, prices go up, so so-called profits should go up as well. Every year should have the highest profits on record assuming a smooth increase, even due only to inflation.[/quote] Agree. A "profit" of $150K is probably a loss even if they only renovated a kitchen.[/quote]
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