Reply to Would you buy on H Street?

Forum Index » Real Estate

Reply to "Would you buy on H Street?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^^and I lived six blocks east of Union Station in grad school, absolutely loved it, rarely felt unsafe.  But 13th and H is too close to random crap for my liking.  We have friends who live not far from there and the DW has been across the street from two random shootings not far apart.  No, thanks.[/quote]

OP Here - I'm curious if you think that is changing though as developers move 'up' H Street. Will they hop over to Benning too?

I know when I first moved to DC in 09 - no one in their right mind would buy on H Street. It was a fad place with a few restaurants that wouldn't last. Now? It's one of the best places to eat in all of D.C. with strong retail and grocery and real estate appreciation.

So that's part of why I'm considering it? And I can save $400,000 on a three-bedroom...[/quote]

I bought a block off H in 2006. We’re still here, still happy, and have a house worth more than twice what we paid for it. [/quote]

Bragging about home appreciation is like bragging about marriage for money. Yah burning trough it might be fun but you are missing the point. I rather live somewhere nice and lose money on a house.

Of course some will say they’re happy but strangely always caveat it with “don’t doubt us we made money”. No one in nice neighborhoods have to quantify that at least they made money living there. Your insecurities are more telling than your words[/quote]

You win the award for adding the most daft comment to this discussion. Its fairly common practice for people to use a starter home in order to gain equity and appreciation that can be leveraged to live in a larger house with the elements those who have children look for (yard, schools, etc), which is exactly what the OP is driving at. There are many different ways to invest your money, and in this region, real estate investments can be incredibly high yielding. If you have options other than pissing away rent money in Logan Circle to make someone else rich, why not explore this as an investment option.

I'd love to know what you think a "nice neighborhood" is -- and I am guessing that IF you own property in one, you didn't earn the down payment yourself. 
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics