Reply to Please stop building these cheap, ugly “craftsman”

Forum Index » Real Estate

Reply to "Please stop building these cheap, ugly “craftsman” "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This market is going to seem a meaningful correction soon.  At some point, the math has to  work.[/quote]

What makes you think "the math" doesn't "work"? You finding it shocking or wrong that homes are this expensive in this area doesn't mean anything. Willing buyer/willing seller. Sometimes I think this forum is full of people who still have the 1985 purchasing power of 1M in their heads, who can't accept that 1M isn't what it used to be. [/quote]

[b]The gap between the income level and pricing level has gotten far too wide.[/b] Ultimately, the buy universe gets thinner and thinner and eventually you get a reversion to the mean with a bunch of late buyers caught in the “prices only go up euphoria” holding the bag. Very similar to the dynamics you often see at the tail end of an overbought financial market. At the end of the day, just my humble opinion — I had this same opinion back in late 2006 / early 2007. Time will tell if I’m right or wrong…[/quote]

Not at all. There is a lot of money floating around DC and little inventory. Have you wandered around Tysons Galleria lately? That's who is buying some of this real estate. [/quote]

I’d argue the data seems to indicate the DC metro real estate market is still underpriced relative to HHI and the density of high earners / high NW households. We’re seeing N Arlington crack $4-5M. Vienna $3M+ homes are flying off the shelf. McLean continues to appreciate. There’s a healthy flow of money that’s ready to deploy for the right properties and areas. [/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