Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Feels like market is hitting a wall"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]There are only so many families who can afford $1.5MM+, and even fewer who can afford $1.5MM+ at 7% rates. Realistically, Upper NW hit their wall 5-10 years ago once the average home broke the $1MM mark. Prices have been going up slower than inflation since then. The low inventory kept prices from falling but every neighborhood has a ceiling past which there simply aren't enough potential buyers to keep seeing stratospheric appreciation. It has nothing to do with DC or Upper NW "declining," they're both still great and attractive places to live, we are simply reaching the point where most people who can afford to live in Upper NW and want to live in Upper NW already do. [/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
