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[quote=Anonymous][quote=Anonymous][quote]I do not doubt 2004 was a different time, it was the middle of the housing bubble. People were waiving every contingency, even inspections, it was a crazy time.

These areas - Rockville, Potomac, Bethesda - will be just fine. In and of themselves they are not big economic engines, but they are close enough to others - DC, parts of NOVA, that they will have a floor under them.

If you are looking for more significant appreciation in percentage terms, then you need to go around the beltway towards Takoma Park. You can get more value there.[/quote]

Not true at all. We were looking at houses in 2005 and looked at a few in TP. Prices were way higher and inventory was in bad shape back in 2004-2007 in TP. We looked at two houses in the 900K range that needed massive work. Not just cosmetic but serious structural problems, major water damage and wood rot. TP and SS prices dropped much more after the crash. If you picked up a fixer upper after the crash or even a few years after the crash and sunk 100K into it then you may think you made some $$ in appreciation. TP and SS just started recovering now with DC exploding. Its risky to assume that they will hold their value.

I don't think Potomac is going to turn into a slum anytime soon but people are trying to sell before they lose more money. It will simply attract people who can no longer afford VA. [/quote]

Not surprising that prices were higher and people were trying to sell less for more during the real estate bubble, is it?[/quote]

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