Reply to Living in Capitol Hill...Why?

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[quote=Anonymous]It starts with the basic premise that not everyone's housing preferences are the same as your preferences.

Capitol Hill is an easy walking, biking, or Metro commute to federal workplaces and the businesses in Gallery Place and around Metro Center.  It's also a neighborhood where some households can still walk to the grocery, pet supply store, dry cleaner, and gym. To me, it feels like it's harder to get around Alexandria car-free and like a lot of services have been priced out of Georgetown commercial real estate. In these respects, Capitol Hill is much more walkable. In fact, it's walking, biking, and transit profile are better than Georgetown and Alexandria ([url]https://www.walkscore.com[/url])

The Hill also has a great deal of civic and community engagement. The number of community groups and clubs for people of all ages is staggering. I've never encountered anything like it in other neighborhoods I've lived in, regardless of the median home prices and incomes. The public spaces on the Hill and its walkability contribute to frequent, spontaneous informal gatherings from dog owners meeting up in Lincoln Park, to nannies chatting at the coffee shop, neighbors greeting each other on restaurant patios, to events at Eastern Market.

And, no, homes don't tend to make rapid percentage gains in value once they get over $1 million dollars. A 20% gain on a $500k home investment isn't unreasonable, particularly if a neighborhood has been historically undervalued. Making a 20% gain on a $1 million home in a stable neighborhood is a far greater leap and a less reasonable expectation.

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