Reply to When Will Crime Start Affecting Prices?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We sold our Petworth row home end of May and got out of the area altogether after almost two decades in DC. Overall decline in quality of life vs rising cost of living did us in. Crime was one of the big factors, and you don’t realize how much better life is when you don’t have to constantly hear gunshots. 
This person overpaid in 2020, but seeing lots of listings like this in once very popular neighborhoods (I would never live on this block): https://redf.in/QIx61E[/quote]

Given the transaction cost (5%), if they sell at 1m they are breaking even, but chances are they will have to cut their price to sell (been on market for a while now), especially given that there is a decent amount of inventory in that area currently.

Yeah would never live on that block, especially after Covid, pre-covid that area was fine but now, it is literally infested with crime.[/quote]

Petworth has always been meh. There was a contingent that swore they could will it nice with coffee shops and a blog but it never really got there. Petworth now is still the Petworth of yesterday. It’s the hope that is gone that and the ability to kid one’s self. [/quote]

Doesn’t the guy who edits the Prince of Petworth blog now live in some posh WOTP neighborhood?  Says all you need to know about Petworth.

That said, I think the link you were looking at is for a listing in Columbia Heights. [/quote]

Oh my god this! We had friends buy down there 6-7 years ago saying how vibrant it was. They mentioned the PoP 20 times, we went to the house warming and spent 1/2 the timing talking about how all his bikes were stolen from the car port area in back. He clearly considers vibrant to mean something different than I do. [/quote]

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