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Metropolitan DC Local Politics
Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]D.C. population is now shrinking, and interest rates are going to go up. Housing prices will inevitably fall. We're in a bubble at the moment, but it won't last. [/quote] I was born and raised in DC and I’m now in my 50s. Housing prices have never fallen. The house my father bought for $25 thousand will probably sell for close to $3 million. The house I bought for @$300k 26 years ago will sell for $1.5 million. The population has shrunk since I was a kid.[/quote] For detached and attached SFH this is true. Condos on the other hand are taking a hit this year and it will probably only get worse. [/quote]
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