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Reply to "How much higher do you think DC area prices can go long-term?"
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[quote=Anonymous][quote=Anonymous][b]The amount of money in this area is staggering.[/b] House prices will likely continue to rise. It is a shame that there are so few good options for moderate and lower income families. I am pretty conservative, but even I think it's time to raise the minimum wage in this area. [/quote] May I introduce you to this thread: http://www.dcurbanmom.com/jforum/posts/list/374409.page The amount of money in this area is nothing compared to certain other areas. I don't disagree that there are few good options for low / middle income families, and that is a problem. However, real estate can go much higher when the local economy is doing well - see the linked thread.[/quote]
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