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Real Estate
Reply to "What would you do with budget of 600-700K?"
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[quote=Anonymous][quote=Anonymous]Wait a year or two, and things will be more affordable. The DC market has been by far the hottest market in the whole country because this is the one place with a healthy job market. But the federal budget cuts are going to change that (not so much through effects on federal workers, but more through effects on contractors). Prices won't drop the way they have some places (you'd have to be crazy to think we'll get a drop like the 60% drop Las Vegas has had). But prices will probably drop 10-20% in good neighborhoods in DC and close-in areas.[/quote] I agree prices are going to drop. But it'll take a bit longer, and the drop will be bigger than you're suggesting. More like a 30% drop over the next five years.[/quote]
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