Reply to The DOGE Downturn

Forum Index » Real Estate

Reply to "The DOGE Downturn - Kensington"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The only relevant data are sales of homes that are actually selling below their last sales price…not what homes would theoretically be worth last year.

This area as a whole is still selling for slightly higher prices than last year.

Go look at Florida and Texas for actual price drops…inventory there is much higher than pre COVID and they are seeing 10%+ price drops in many markets.[/quote]

I agree with this.

We were looking at Kensington a few years ago for a possible move but prices were increasing too fast and we got priced out. And we're still priced out.

If the first house on OP's list sells for current asking, that will be a 41% profit over what the current owners paid in 2013. Could they have made a 50% profit if they sold in 2023 or 2024? Very likely, Kensington has been a hot market. Is the fact that this house may have decreased in value 9% in the last 2 years evidence of a housing collapse, when it's still massively appreciated since the owners bought it just over a decade ago?

No. Chill out.

Call me when you can buy a 3 bedroom house in the DC area for less than 500k again. You're fine.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics