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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There is very little inventory in this area. Thus, the high prices.[/quote] There is little inventory nationwide; there are structural problems with the market and distortion from yield-chasing investors.[/quote] Why yes, kind sir/madam, I HAVE done my research and what I see is a healthy market in DC that has survived the recession, is seeing multiple offers and listings selling in less than a week (that are priced correctly). It is going gang busters and there are no signs of it stopping anytime soon with more than half of buyers now paying CASH in the close-in DC Metro area. Tell me, where do YOU live? Are you a renter? Do you own your home? If so, where? Are you under water in your mortgage payments? Did you over-pay for your house because you perhaps represented yourself? Just curious! I do apologize for my gas bag comment earlier. That was rather insensitive.[/quote]
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