Reply to Capitol Hill State of the Market?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For this discussion it makes a huge difference. As multiple posts have said, there is a clear value difference between a house at 6th and F NE and one at 2nd and D SE. So when links are posted for "20003 home report" or "Capitol Hill home report" it's hard to draw easy conclusions for the multiple micro-neighborhoods within Capitol Hill.[/quote]

I'm not really sure about that.  I think that the broader Capitol Hill housing values (for houses zoned for decent elementary schools) are likely to be fairly lockstep with premiums for stable features that don't fluctuate with the housing market, such as proximity to metro and off-street parking.  If a house on 6&F NE is sitting on the market with price cuts, that definitely has bearing on a house at 2nd & D SE.  There's some premium attached to being that close to the Capitol but it's not "huge."[/quote]

PP knows that the best way to keep housing prices up is to restrict supply. The housing stock across most of the neighborhood is pretty similar, so it's very important to PP that anyplace outside of a narrowly defined boundary be seen as less than.[/quote]

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