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Metropolitan DC Local Politics
Reply to "Anyone Remember Bethesda and Silver Spring in 2000?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I bought a SFH in 2007 and looked at both Bethesda and north Arlington. Comparable properties were in each area were priced the same. I have no idea where people are getting the idea that north Arlington was ever cheap — it wasn’t. [/quote] +1. North Arlington has always been uglier than Bethesda, which seems to be throwing people off. They assume that because it has always looked uglier than Bethesda, it should have been cheaper 20 years ago. But the simple truth is that both areas have always been desirable and always will be desirable. If North Arlington got to be much cheaper than Bethesda, or vice versa, the market would self-correct because people would start flocking to the cheaper place. This isn't complicated.[/quote] Just as an example, this North Arlington home sold for $1.5 million in 2004. Again, that area was simply never cheap: https://www.zillow.com/homedetails/2307-N-Randolph-St-Arlington-VA-22207/64670918_zpid/[/quote] There aren’t even interior photos of that place. For all we know it could be dilapidated inside. The Silver Spring and Arlington houses PP posted are almost exactly the same size, style, age, and have the same types of upgrades. Also, the goalposts keep moving. Now it is “North Arlington” against all of Bethesda. All of Arlington, as a whole, was not seen as desirable as Bethesda 20 years ago. If you think that, you never visited Columbia Pike a bunch of other parts of South Arlington. Compare Columbia Pike’s evolution over the past 20 years to Georgia Avenue’s evolution over the past 20 years. There is not even a comparison in terms of economic development and quality of life improvement.[/quote]
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