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Metropolitan DC Local Politics
Reply to "DC had largest percentage drop in population in nation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I just don't understand why the housing inventory continues to be at historic lows if there is a significant number of people from the city. Are people moving but keeping their property? [/quote] Doesn’t that depend on the type of housing? I can’t really understand why anyone would want to buy in DC now, but maybe it’s a long-term play. In general, DC is looking very rough and depressing as hell these days. [/quote] Certainly purchasing a TH condo conversion in Brightwood or Bloomingdale will be a sure financial loser because it would be both cheaper to rent and unlikely to retain value much less appreciate. If you can afford either a whole detached SF or attached TH you are more likely to retain value, even if you most likely will not be able to rent for positive cash flow. [/quote]
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