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Reply to "How much higher do you think DC area prices can go long-term?"
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[quote=Anonymous]PP - very good posts. We have a house in London and are looking to buy here and it is very clear to us that DC and London are world apart when it comes to international inflows of cash. However, DC is certainly not Detroit either There will always be cash in DC due to govt (both US and foreign) which will keep real estate prices in the desirable areas stable. As sequestration takes effect and job cuts happen, good school districts will become more attractive as people pull their children out of private school. Close in suburbs - well located for DC access and airports will also continue to rise or at least hold value. All other areas will be subject to market vagaries and see booms and bust cycles. [/quote]
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