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Reply to "Why can't a nice, normal house like this be in our price range?"
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[quote=Anonymous]I liked this house a lot, and after a crappy day I decided to look at it online again and see what it sold for. Surprise! It's still on the market, 34 days later. Redfin thinks it's overpriced (which looking at comps it might be). However, the sellers bought in 2007 for 997,500, so doubt they are willing to accept lower offers. It's so weird though - cute enough house, in desirable neighborhood with good schools, and it's not gained any value since the bubble of 2007-08? Meanwhile my in-city house continues to rise (and is now worth more than a million, ~600K more than we paid for it back in 2001). How can that be? It makes me wonder if there's not a ceiling for "normal" houses, and DC will continue to see growth until everything and anything is worth roughly a million? [/quote]
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