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Real Estate
Reply to "Are we in a housing bubble?"
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[quote=Anonymous][quote=Anonymous][quote]No. I don't know why this myth is so persistent. Real estate prices in and around metropoles all over the world, barring Act of God / force majeure, will never go down. Even in the 2008 recession, prices around DC either stagnated, or if they went down, didn't go down for long. I've been on DCUM for more than 15 years. Every year, hopeful and ignorant posters ask this question. [b]The answer is no for DC and inner suburbs.[/b] [b]If you're in the outer suburbs, on the other hand, yes, you will see greater fluctuations tied to the health of the economy. [/b] [/quote] DC is becoming less of an anomaly as far as the economy goes. Especially this year. [/quote] What do you mean? DC is a bustling capital city, and usually has rising housing prices in anything but a recession (local, national, or international). It is not an anomaly. Every capital (or major) city is like this. [/quote]
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