Reply to Housing prices falling ? U ST NW house

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The U Street / 14th St area gets so much hate on DCUM and it’s easy to understand why.  This site is full of fuddy duddy strivers who are secretly way more conservative than they let on publicly, they’re obsessed with kids, and they’re afraid of schools and neighborhoods with brown people and, yes, a little spice and a little grit.

We love it here even though I’d agree that in the last year or two property values have flattened and may stay flat for a while.  We’ve still made plenty of equity in the 15 years that we’ve lived here, and we didn’t buy a house here to make money in the first place.  [/quote]

But you bought at an outstanding value 15 years ago. Even if you don’t care about appreciation, you have a very low monthly housing cost. The question is, would you (or anyone) spend $1.65 million for this awkwardly-redesigned row house near U Street today?

No, which is why it is not selling.[/quote]

Of course I wouldn’t.  Our place is much nicer ha ha.

But many posters are trashing the neighborhood more generally and not focusing solely on that house.  That’s what I’m addressing. [/quote]

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