Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$985k for a 2/2 at 10th and F. Dated but seemingly usable kitchen, kind of a weird first-floor layout, no first-floor bathroom/powder room (second full bathroom is in the basement family room), some outdoor space.

https://www.redfin.com/DC/Washington/1018-F-St-NE-20002/home/9906175

I dunno, this seems like it's a bit high for only two bedrooms and the aforementioned quibbles. Been on the market for 8 days now.[/quote]

This got a price cut before it was taken off the market.

Seems like the houses with issues are sitting longer these days, which isn't super surprising.[/quote]

Rising rates make a fixer-upper much less attractive to me -- money we might have allotted to renovations will go to mortgage and I don't want to live with one bathroom or a terrible kitchen for 8 years. I'd rather buy something smaller or further out but updated, or cheap enough to enable us to make the key updates sooner.

This is especially true when inflation is also making the cost of renovation so much higher. The idea of spending 800-900k on a house that needs a new kitchen or an added bath is absurd to me.[/quote]

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