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Reply to "When Will Crime Start Affecting Prices?"
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[quote=Anonymous][quote=Anonymous]When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467. At what point does the murder rate start actually depressing real estate values? 300 murders? 500 murders like we had in the 90s? For DC homeowners who have stuck it out, at what point will crime get so bad that you’d want to move or are you in for long haul no matter what happens? [/quote] I don't really determine whether to uproot myself based solely on what the jurisdiction-wide murder rate is, so I don't plan to move away. And at any rate, if your theory that crime is going to depress real estate values is correct, why would I want to sell and lock in the lower value for my house?[/quote]
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