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Real Estate
Reply to "I know the market is hot, but this one is totally insane (Del Ray real estate)"
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[quote=Anonymous][quote=Anonymous]Wow. I have no idea what Del Ray is like but I don't think a house that small, without finished basement, so unappealing from the outside, etc. would sell for more than 1.2 in the district. [/quote] In Pallisades, Cleveland Park, etc this house could maybe sell for 1.7 With income taxes (and crime) in DC now shooting through the roof, people still want a closer neighborhood feel and are willing to pay up front for long-term geographic arbitrage/tax savings. In the next 5-10 years I’d bet home values in pleasant/walkable parts of Alexandria/Arlington are going to appreciate at a date above the rest of the DMV.[/quote]
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