Reply to Better investment - fancy neighborhood in DC or MD?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Imagine having enough money to buy in Upper NW and quibbling over a few percentage points over decades/ What a miserable way to live your life. Buy the house you like best and shut up.[/quote]

We haven't had it easy and I feel an obligation to my kids to make a wise decision from an investment point of view, as well as what I would like for now for me. I'm guessing a lot of people weigh that. [/quote]

You are trying to play fortune teller.  Who knows what will be desirable by the time you want to sell or retire, but the fact you can purchase in any of these places makes you incredibly fortunate.  Maybe look at 10-20 years back and see the prices of each area to get an idea of if they kept their value.  Many people "haven't had it easy" and still can't buy in any of these places!

Any of those areas are desirable and probably will stay that way, but who knows?  Look at SF and Oakland!  Many people I know who lived/ worked there have fled, especially those with kids.  DC needs to fix the crime problems, big time.  I have friends who wanted to move to Capital Hill, but now are looking elsewhere because of the crime and Maury/Miner discussions.

That being said I would try and buy somewhere that didn't have a ton of cheap new builds.  I think many of them are tacky and who knows what new materials will be the new lead and asbestos in the future.  No thanks.

Doesn't mean you shouldn't buy where new custom homes are being built, or ones that are clearly not being done by flippers.  I only say this as it sounds like you have a nice budget.  Not everyone is afforded that luxury, because that is what it is, a luxury.

Spend time in the neighborhoods, talk to neighbors, go to restaurants and shops around.  [/quote]

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