Reply to Our Gain, DCPS Suckers

Forum Index » DC Public and Public Charter Schools

Reply to "Our Gain, DCPS Suckers"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]
For example. We live in a house in DC that has doubled in value. Not exactly underwater.[/quote]

Anecdotes don't refute overall truths.  No one said that certain houses, or even certain neighborhoods in DC, haven't held their value or even gone up in some cases (which is also true for some of the closer in suburban areas).  But for DC overall, property values have gone down since the boom, as proven in the chart cited previously.  You can also look at the Case Schiller data and other data points if you still don't believe this for some reason.[/quote]

Look at your chart again. It shows a period roughly from mid-2005 until early 2008 in which, if you'd bought you'd have lost a money. "DC overall" is just slightly less irrelevant to the question of "middle-class parents with school-age children" than the Case-Schiller index, which is essentially meaningless in this context.

The "gentrification zone", which is where almost all of the new middle-class residents who have elementary aged children are, has outperformed both the rich suburban areas of DC, and the old, ungentrified areas. Those bring down the overall DC figures.[/quote]

You can twist the facts all you want with discussion of a "gentrification zone" (whatever and wherever that is supposed to be) or "middle-class parents with school-age children" (again, where are the stats or proof for your assertions?), but you haven't refuted the underlying fact that DC prices have declined.  In fact, you proved my point, as there are a lot of people who bought "from mid-2005 until early 2008" who lost money, especially since the number of home sales was at its highest during that period.  The actual data is irrefutable, so I don't understand why anyone would argue against it, unless they are trying to artificially inflate the value of their underwater home.[/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