Reply to Concerned about buying in WJ cluster because of re-zoning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It won't be worse than QO. QO is still a solid school. Home prices will be under pressure for few years, but it will settle down eventually. [/quote]

Woodward is scheduled to be open around 2022-2023. By then White Flint Mall will be redeveloped, Wheaton will continue to grow and developers of $1.5M+ homes who pilfered all the potential tear downs in Alta Vista and Wyngate will be almost entirely finished their northeast expansion through Kensington west of Connecticut and North Kensington. The $1.5M+ tear downs are already a thing west of Connecticut in Kensington now...imagine what it's going to be 5 years from now. Barring another major stock market / housing crash, if you buy anywhere in Kensington you'll be fine. Economic development and rising housing prices are not going to slow down because of high school reassignments.[/quote]

Boundary will be decided 18 months in advance. That means 2020-2021. No way white flint is getting built in 1-2 years and families will start living here. [/quote]

There will be construction of some kind at that site and it will be either Amazon or a town center like Pike and Rose. Either way it is going to increase home values in the area, especially Garret Park Estates.

I also forgot to add that the town center they're building where the Purple Line crosses Connecticut Avenue (Chevy Chase Lake) is going to have ripple effects in the area as well:

http://www.bethesdamagazine.com/Bethesda-Beat/2017/Chevy-Chase-Lake-Developers-Expect-to-Break-Ground-in-Spring-2018/

Kensington is situated between the White Flint Redevelopment, the Chevy Chase Lake development and an ever-expanding Wheaton area that is not going to get any cheaper. It's already impossible to find a SFH with more than 1,250 sq ft within a mile north of Bethesda Metro for less than $750,000. It's just going to get worse and people with HHI <$250K who want a SFH are going to be pushed out of all of Bethesda west of the park and inside the beltway in a few years. When that happens, Kensington and Garret Park Estates are the next to go because developers have no where else to push toward (areas with potential SFH tear downs). To say that home prices are going to drop because kids in these neighborhoods end up zoned for a 7/10 school rather than a 9/10 school is ridiculous. If that was the case homes in North Kensington, zoned for Einstein, wouldn't be going off the market in days for more than asking.

I actually agree with PP that if you're smart you'd buy in DCC neighborhoods that are going to go to Woodward, where you can still by SFHs for around $400k. They're next to flip after Kensington and Garret Park Estates.[/quote]

THIS[/quote]

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