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Reply to "What is truly going on with the DC area real estate market, please explain? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Demographics. There are now the successful millennials who are jumping into the market - often with help from very successful parents. So there are more buyers combined with fewer new builds due to the 2008 crash. Also we are becoming like Paris - the city center is where the elite live and the banlieue or suburbs are where poorer residents live. Just look at MoCo! What a difference 20 years makes - boomers leaving, immigrants from Northern Triangle taking their place.[/quote] What the hell are you talking about? Have you been to the banlieue? The DC suburbs have to increased in value since the pandemic, and they were never poverty-stricken to begin with, but rather a place where many affluent people went for bigger houses with big yards and good public schools. You’re out of your mind.[/quote] +1. As other threads have noted, even out in Loudoun houses are selling within 1-2 days right now, with $700k being the minimum for most SFHs (and many larger, newer THs).[/quote]
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