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Metropolitan DC Local Politics
Reply to "The Bike Lobby is too powerful in DC..."
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[quote=Anonymous][quote=Anonymous] You realize that other than the 1968 riots, there has never been a time when DC real estate has LOST value. [/quote] Except early 1990s and 2008-9 had big declines. Except, except, except. From about 1979 to 1986, home prices declined. From 1990 to 1998 home prices in DC did not increase on nominal basis, which means that they declined in real terms. And from peak to trough in 2008, home prices declined by a third. https://fred.stlouisfed.org/series/WDXRSA It’s just never happened except for all the times in recent history that it did.[/quote] At worst, they stayed flat. I am not talking about "the DC area" I am referring to actual DC, the 68 square miles.[/quote]
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