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Reply to "The seven paths to DC-area home ownership"
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[quote=Anonymous]Interest rates will rise at some point, though the new fed chair is dovish, so not anytime soon. Higher interest rates will have a negative effect on housing Nationwide. But the fundamental changes in DC proper are too hard to ignore. If you are on the ground level of gentrifying neighborhood, the changes are startling. It happens SO FAST. The stats may show a historical bubble, but do they also factor in how the infrastructure of the city has improved and how educated/ affluent people are flocking to the area? Prices are rising, but there is a reason for it. And when neighborhoods get too expensive, more affordable areas suddenly become popular. It's seems crazy, but there are rational reasons for the price increases.[/quote]
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