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Real Estate
Reply to "I will never be able to afford a house in Arlington "
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[quote=Anonymous][quote=Anonymous]Why do condos depreciate so much in DC area? Is it a regional thing, is it a quest for new build condos, is it overbuilding? My old state they hold up in value really well. I think it is NIMBY so very very hard to build so new construction is rare. Also they tax new construction heavy. So older ones much more in demand. My old town has not build a condo complex since 2003. None are in works. So old condos are not competing new ones and less supply It seems to screw new condo buyers here [/quote] You answered your own question. The only places that condos appreciate and/or hold their value are cities that constrain the ability to build new housing in some way (available land, zoning, etc). [/quote]
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