Reply to Concerned about buying in WJ cluster because of re-zoning

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[quote=Anonymous][quote]You'er delusional if you think houses in the WJ area are going to decrease by $100,000. If schools were so central to housing prices homes in Takoma Park wouldn't be selling for $1M. That's because it's about location first and foremost, and traffic is going to be much worse 3-4 years from now when Woodward opens, which is going to make location even more important. [/quote]

OK just stop. I like Takoma Park but homes are not going for 1M. There are sometimes rare, large historical houses that will occasionally get up there but the overwhelming majority of houses that are sold, sell for much, much less. In Bethesda, tear downs sell for 1M and the high unicorn sales are up in the multi millions. In WJ there are some homes at the bottom of that area's scale in the 700s.

A 10% drop for an area being rezoned from a top W school to Einstein is actually being very conservative. A family that buys a 750K house in WJ that later becomes Einstein will be lucky to get 675K for the the house. [/quote]

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