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Real Estate
Reply to "The DOGE Downturn - Kensington"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm worried. There's a new-ish condo near me (in DC) that is listed for $15k less than the owners paid in 2018. Here's the sales history: 2018 - Sold for 730 2022 - Sold for 789 2025 - Listed at 730, dropped to 715 and sitting.[/quote] Condos are a horrible investment even in the best of times and really not indicative of the SFH market. The condo I sold in 2004 in upper NW resold for almost the same price in 2020. Almost zero appreciation, but huge increase in the monthly HOA. [/quote] The advantage is Having a home you can't get kicked out of Having nothing to take care of Part of your payment going to principle The appreciation is less than single family but they have annual taxes that go up way more. Hoa fees increase but less than maintenance, repairs, utilities, insurance of a single family home.[/quote]
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