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Reply to "What is up in SW? "
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[quote=Anonymous][quote=Anonymous]Here’s a random 1BR in an older SW building: https://redf.in/yjT9VN Look at the price history. You can see they tried to rent it out for $2,350/month and were unsuccessful at that (indicating that real rent for a 1BR in that building is likely around $2,100/month). Yet at the sale price factoring in $1,088/mo HOA dues, buying with 10% down would result in a roughly $3,200/mo payment plus responsibility for inside-your-unit maintenance and repairs. So why would I buy at $3,200/mo with added responsibility plus the hassle and cost of selling in the future (people statistically don’t stay in condos that long in the DMV), especially in a building where units take awhile to sell, when I can rent the same unit with zero responsibility aside from a 12 month lease at $2,100/mo, and invest the difference?[/quote] Judging from the listing photos, the previous poster who mentioned nice gardens and amenities had a point.[/quote]
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