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Reply to "Zillow data shows DC with 3rd largest price drop in the Nation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In Potomac, Chevy Chase, McLean, Georgetown it is not like folks are GS14. 1/2 of my block are Doctors. None for govt. [/quote] It's so cute that some posters on this board think feds can afford to buy sfhs in those places, or the District unless they have trust funds or a higher earning partner / spouse. [/quote] I know dual Feds that bought sfh a couple of yrs ago in Potomac. Though Potomac not as pricey and in demand as it used to be.[/quote] Which is why they bought there. DH is a fed with a specialized field which pays well. The only fellow feds he knows who can even afford to live in Bethesda bought 30+ years ago, and are selling to help finance their retirement. [/quote] It depends. Houses my block by village sell very quickly. I am walking distance, library, starbucks, supermarket etc. It is an oxymoron as walkable Potomac. If anything Tarrifs are a bigger issue. The large homes on two acres the cost of buying things is now a nightmare. Houses with 8 bathrooms, two kitchens, a pool and tennis court with a cess pool and well in outer potomac you are always buying stuff and hiring people. Price increase on material and labor is the real killer. It is not 2009 when folks worked for almost nothing and stores were having big sales due to recssion. The days of the 6k bathroom remodel and 30K kitchen renovation of 2009 is long long gone. [/quote]
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