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Reply to "When Will Crime Start Affecting Prices?"
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[quote=Anonymous][quote=Anonymous]Unless they are murdering home buyers why would it matter. [/quote] The crime has gotten more random in the past 18 months. The carjackings, dog thefts, and some of the shootings are now targeted at "civilians" who are not involved in neighborhood beefs/rivalries or the drug trade. But still, the vast majority of gun crimes happening in the city are contained in the same pockets and among those with interpersonal issues that don't correlate strongly with DC homeownership. But there's still way more demand than supply in DC itself for prices to meaningfully decline in response to upticks in crime. We now have 4 generations of buyers in the housing market at the same time (Boomers, X, Millennials, and elder Gen Z). This country has never had such a large pool of potential buyers and supply has not increased enough to offset the demand hikes. Plus plenty of DC home owners keep their DC property if they move elsewhere, given their high incomes.[/quote]
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