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Reply to "DC Area Housing Bubble? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]According to this, large numbers of people are still moving to DC... http://www.businessinsider.com/states-americans-are-moving-to-2017-12[/quote] That data does NOT show population growth. It’s merely showing what percentage of residents came from a different state. I’m this area, that often means MD and VA. In this area people routinely move in and out of the district to MD and VA. So such numbers will always be skewed. [/quote] Uh, if people are moving into DC from MD/VA it still means they are putting upward pressure on DC prices. The NW DC housing market doesn't give a sh#t if you are moving here from McLean or Missoula. 8.7% of DC residents had move into DC in the previous year. That's massive.[/quote] Huge logical leap. These are movers not home buyers. By your logic students coming to D.C. From MD to attend Georgetown/Gwu/etc and living in dorms are putting upward pressure on home prices. [/quote]
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