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Real Estate
Reply to "When Will Crime Start Affecting Prices?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Arlington agent here. I settled three houses this year and have another settling in a few days for people leaving DC because of crime. All of them rented their properties, so the rental market doesn't seem to be affected by the crime rate.[/quote] Cannot wait to hear their stories when they try to sell their DC rental. Dumb move on their parts, they should have sold those homes. You should have advised them to do so. [/quote] They probably have a sub-3% interest rate and keeping the property is a hedge that crime will improve in DC (hint: it will). The current crime wave is driven by deliberate policy choices made by entrenched actors. Those policies (and actors) will change at some point. Even in the awful 80s and 90s, DC prices were either rising or flat AND exceeded national trends: [img]https://fred.stlouisfed.org/graph/fredgraph.png?g=1bTIu[/img][/quote]
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