Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous]Seeing all these tiny row homes going for 800+ makes condo living look more appealing. The problem is that even moderately sized condos (@1000 sq ft, 2 bed, 2 bath) can cost 700-900k on the Hill, because most of the new condos being built are high end. I feel like there's a huge market for 2 bedroom condos for under 600k, but that's virtually impossible to find at this point unless you are talking about an older building (which may not even have central air or the ability to put washer/dryers in units because of the ventilation issues). You can find them in Trinidad but even that is shifting, and in order to get something more affordable, you have to buy a ground level unit or something in the worst part of the neighborhood or something tiny.

I know no one wants to hear this, but I wish they'd build more midsize condo buildings with low fees and minimal amenities. Yes, I'd prefer a row home. But I value being in this neighborhood more than I value owning a SFH, so if I can't afford one, I can't afford one. But it would be nice, for those of us willing to make the compromise in order to stick around for the proximity, the neighborhood feel, and the schools, if there was an affordably priced option. Instead, I feel like people like me will just be priced out until it's not possible to live here unless you are very wealthy, which will actually fundamentally change the neighborhood a lot more than just building out some of the main thoroughfares with multifamily housing would.[/quote]

At the same time, though, if you're in the market for a Capitol Hill home and have the financial means, why on earth would you choose a condo when you could pay the same price for a similarly sized rowhouse with at least some outdoor space, no neighbors above and below you, and zero ridiculous condo fees? When we were in the market for our first home as a married couple in like 2008, we thought for sure we were going to be living in a chopped-up rowhouse condo until we saw a comparatively priced two-bedroom rowhouse on Pickford Place NE (which has been mentioned in this thread). After that, the choice was clear.

I feel like there are so many of these small rowhouses on CH that it's not worth it for developers to build condos apart from the luxury buildings directly on H Street. There's too much competition in the neighborhood. But yeah, it also makes these small houses ever more expensive.[/quote]

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