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Reply to "When Will Crime Start Affecting Prices?"
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[quote=Anonymous]I have 2 friends who recently “tested” the market through non MLS listings. Both ultimately decided to rent when they couldn’t get the price they wanted. One did a big reno on their rowhouse and couldn’t recoup costs. The other wants to make 20% over what they paid for their condo 5 years ago and just can’t. Both live in areas of NE that 20 years ago most DC residents would not have considered safe. They both easily and quickly found renters at prices that cover their costs and leave them with a profit but are cheaper than the new H St NE big apartment buildings. If they hadn’t have found renters, I think they would have had to consider listing for lower prices[/quote]
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