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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Since this seems to be the new Capitol Hill thread: Two or three years ago, in the old Capitol Hill thread, occasionally an itty bitty rowhouse in Capitol Hill would come up for discussion and be labeled a "condo alternative." Do "condo alternatives" still exist in 2024, or has the increase in Capitol Hill prices more or less killed that category of housing? [/quote] https://www.redfin.com/DC/Washington/631-Pickford-Pl-NE-20002/home/9902524 [/quote] The Pickford house is a great example. I'd consider any 2br townhouse, or any townhouse with <1300 sq feet, to be a "condo alternative" for most Hill families that they would likely outgrow in 5 years. There will of course be outliers - families with one child or two who can share a room, couples without kids, but for the "average" family it's unlikely to be a forever spot. Remote work has accelerated this trend (e.g., you need more space to comfortably work and live and play at home). The increase in prices has made the 5 year investment less attractive, but it depends on how bullish you are on appreciation. This is another good one: https://www.redfin.com/DC/Washington/1238-Duncan-Pl-NE-20002/home/9910460. I (personally) think most of the Duddington houses fall into this bucket (and think they're charming!).[/quote]
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