Reply to Housing Bubble or Greed?

Forum Index » Real Estate

Reply to "Housing Bubble or Greed?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Okay, so condos are already a so-so investment, and in fact Arlington is now converting some apartments into condos (new project over in Ft Myer, as pointed out in ArlNow).

But this one sold for $1.05M back in the early 2000s bubble, and now is listing for for $1.2M (almost a 15% price increase over the bubble peak pricing).

http://www.redfin.com/VA/Arlington/1615-N-Queen-St-22209/unit-M401/home/16897697

http://www.zillow.com/homedetails/1615-N-Queen-St-M401-Arlington-VA-22209/82557244_zpid/

On a condo.  A very nice building, and good neighborhood. But a two bedroom condo.

If this sells anywhere near list, things have really gone off the rails somewhere, it is either housing bubble redux or the Fed has released the inflation genie out its bottle and we *are all doomed*.[/quote]

My house in Clarendon sold for 1.05 million in 2009 and our selling agent and comps show it as worth $1.3 mill. now.  Inventory is non-existent over here and buyers are overly abundant.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics