Reply to D.C. Home Values - Rising Even More Under Trump?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think prices will rise. I think they will flatten and maybe decline is some neighborhoods. I think it will be a buyers market in 2017. Better spruce up your place if you're planning to sell. [/quote]

Because all the billionaires moving in, Ivanka, and the Obamas says 'Fire Sale!'. I guess we'll find out.[/quote]

A few billionaires moving in will not change house prices for most people. They buy at the very high end. Does not affect anything below $3 million. Also, Obama is renting, and maybe even Ivanka. Obama bought in California not here. The Georgetown house that was formerly owned by Jackie Kennedy was reduced by $2 million just this week. [/quote]

The billionaires and millionaires of his cabinet are buying the [b]reach[/b] properties. The ones above $5 Million that stay on the market the longest. They're closing that market faster than the normal DC homebuyer could. DC doesn't need help for the under $3 Million market. I own a $800K home but can't afford the $3-$5 million price range, seeing these investors move in and buy potentially lingering properties is nothing but good for our home values all around.

Also the Georgetown Jackie Kennedy house hadn't been renovated in 50 years. All they did was change the drapes and move furniture around. For $6 Million and 7,000 square feet your renovation budget will need to be spectacular and generally above the normal DC buyer's ability - which is where these NYCers and billionaires like Bezos come in. Did you know he bought a Kalorama pad to use as a East coast pied to check in on his business interests? That's what I mean by billionaire.

[img]https://www.washingtonian.com/wp-content/uploads/2016/06/jackie-kennedy-house.jpg.optimal.jpg[/img]

[img]https://homevisit.s3.amazonaws.com/img/169117/www_xl/026_3017_N_St_NW_169117_184635.jpg[/img]

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