Reply to DC Area Housing Bubble?

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[quote=Anonymous]It will be interesting.  I think 10 years from now or maybe 5 we will see a flattening of prices inside the beltway and in DC - reflecting a more normal appreciation like the rest of the country.  As much as people want to try and make DC unique in the same way that New York, Tokyo, Singapore, Hong Kong or Paris are unique, it just isn't.  I have lived in Tokyo and you can't possibly compare DC to a place like that, and have visited all the others on business or vacation.  I think the whole concept of driving to a place of work is also fading, and that too will have a massive impact on rents for DC office space, and also close-in housing.

So, what does that mean?  I personally wouldn't buy today looking towards extended growth, but I would not be nervous extending to buy tying up a significant amount of net worth.  Should be safe.  We are considering leaving the area, and while we will be sad to leave friends, I am looking forward to not having so much tied up in my house in terms of net worth.     [/quote]

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