Reply to Moco - no appreciation in the last 10 years

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Reply to "Moco - no appreciation in the last 10 years"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a homeowner in Bethesda, i was looking through the data and was shocked at the fact that RE prices in this area  are basically flat since 2008-2009 and even lower than the peak in 2005-2006. It looks like it’s not even keeping up with inflation. Meanwhile prices in Arlington and Fairfax have gone up by 40-50% over the same period. We are moderately well off but not  rich by any means but this adds up to hundreds of thousands of dollars of home equity. I never expected the gap to be so large. We love our neighborhood and our commute to DC is pleasant but I can’t help but being slightly jealous. [/quote]

There has been appreciation in the last five to six years because prices dropped from the peak.  [b]What you’re complaining about is that prices haven’t exceeded the bubble prices.  [/b]That would not be a particularly good thing if they did.[/quote]

We are way past bubble prices in NOVA, and there's no sign of letting up.  I am surprised to hear that prices are flat in Bethesda.  That doesn't seem true to me.    [/quote]

Which means you’ll have another massive crash when the next recession hits.  [b]NOVA was devastated in the last one[/b].[/quote]

NOVA was most certainly not devastated in the last housing crash (at least no more so than any other area in the close-in DMV.  And it recovered rapidly.  You have no idea what you're talking about.   [/quote]

I bought in 2009 in NOVA and prices were 40% below peak. [/quote]

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