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[quote=Anonymous][quote=Anonymous][quote]I get it. People who overpayed for a rowhouse at 16th and F NE (or pick some other location) want to brag that they live on Capitol Hill...[/quote]

Funny, this pops up every once in a while, but makes very little sense.

First of all, there is no 16th & F, NE. But lets take a house near 15th and C SE. Which is still Hill East. If we take someone who bought at the absolute Peak of the Peak--Feb of 2007--they would have seen a rise in home equity from $567k to about $700k today.

That means tomorrow they could walk away with $140k in equity--if they wanted to. How have they "overpayed" [sic] exactly? [/quote]

Ah yes, 2007 @ 15th and C SE.  Drive-bys, spent bullet casings, broken crack pipes, armed robberies and burglaries.  Not exactly a place for a bucolic walk after dark.  Turn the clock forward six years.  Still conveniently located with proximity to Potomac Gardens and Kentucky Court.  Residents and their children still being menaced at the Payne Rec Center.  37 aggravated assaults, robberies and other non-property crimes classified as violent within 1500 feet over the past 12 months.  I also pretty sure homeowners Glen and Laurie didn't chip away at their $100K in equity with a HELOC in order to fix the place up.  PT Barnum hit the nail on the head.[/quote]

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