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Reply to "Housing prices falling ? U ST NW house "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The house next door is nicer, more expensive and is also sitting https://redf.in/e3PD7g[/quote] It really is a case study of a neighborhood having a price ceiling. U Street is rowdy and loud. You can sell that atmosphere to some younger singles and couples, but I can’t think of one family or even childfree age 35+ couple who—if they had a budget of $1.5-2 million for a 3-4 BR DC rowhouse—would choose U Street over the many other neighborhoods. That neighborhood is better suited for rowhouses split up into 2 or 3 $500-650k condos, but they’re priced too high to make these condo conversions viable.[/quote] Exactly. The size of the buyer pool for this house -- younger singles or couples who both could afford this place and don't mind living so close to U Street -- is infinitesimally small. Throw in a poorly designed interior and you have a house that needs further price reductions.[/quote]
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