I have lived here 35 years and never seen prices go anywhere but up. Bethesda used to be middle class …

This type of thing is meaningless.

How much profit one makes depends primarily on how long ago one bought the house. If I sold my parents' house, I would show a profit of around $650,000. (They bought it 50 years ago.)

I think we are going to see profits rise in coming years no matter what, as boomers in their 50s/60s sell off their parents' homes, and and as they themselves sell homes they bought 25 years ago and downsize.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

Wow, have a little empathy.

No. Search 'bubble' on the Real Estate boards. Had I listened to those idiots (many of whom drip with jealousy/envy) I wouldn't be where I am today.

You’re an idiot. Confirmation bias at its finest LOL.

Despite what those with a vested interest in housing price speculation may say, the market epitomizes an asset bubble. Keep researching hun.

Awww, wasn't the asset bubble supposed to explode in February 2021? What did you say to save face over dinner parties? "It's coming Susan I promise you!"

Anonymous wrote:

Anonymous wrote:Seems like a pointless number...

How does this account for upgrades and renovations?

Over time, prices go up, so so-called profits should go up as well. Every year should have the highest profits on record assuming a smooth increase, even due only to inflation.

Agree. A "profit" of $150K is probably a loss even if they only renovated a kitchen.

Lol. No. Unless they bought for no money down or did the dumbest possible kitchen reno. And especially if you are talking about someone who only bought five or fewer years ago.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

If you knew anything about economics and markets you would bite your tongue.

Let me guess? The bubble's going to burst in fall 2021? No wait...spring 2022! Summer 2023?

Delusional.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

Wow, have a little empathy.

No. Search 'bubble' on the Real Estate boards. Had I listened to those idiots (many of whom drip with jealousy/envy) I wouldn't be where I am today.

You’re an idiot. Confirmation bias at its finest LOL.

Despite what those with a vested interest in housing price speculation may say, the market epitomizes an asset bubble. Keep researching hun.

Anonymous wrote:

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

If you knew anything about economics and markets you would bite your tongue.

Let me guess? The bubble's going to burst in fall 2021? No wait...spring 2022! Summer 2023?

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

If you knew anything about economics and markets you would bite your tongue.

Anonymous wrote:Seems like a pointless number...

How does this account for upgrades and renovations?

Over time, prices go up, so so-called profits should go up as well. Every year should have the highest profits on record assuming a smooth increase, even due only to inflation.

Agree. A "profit" of $150K is probably a loss even if they only renovated a kitchen.

Anonymous wrote:

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

Wow, have a little empathy.

No. Search 'bubble' on the Real Estate boards. Had I listened to those idiots (many of whom drip with jealousy/envy) I wouldn't be where I am today.

Anonymous wrote:The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

Wow, have a little empathy.

The priced out losers who said in 2016, 2017, 2018, 2019, 2020 - 'just wait the bubble will break' - are waking up to being renters forever.

No sympathy here - you should have did whatever you could to buy when you could.

Anonymous wrote:https://dc.urbanturf.com/articles/blog/six-figures-dc-area-home-sellers-saw-the-highest-profits-on-record-last-qua/18548

And yet, some say we don't need more market-rate housing.

Isn't what the market will bear by definition market-raise housing?

Seems like a pointless number...

How does this account for upgrades and renovations?

Over time, prices go up, so so-called profits should go up as well. Every year should have the highest profits on record assuming a smooth increase, even due only to inflation.

https://dc.urbanturf.com/articles/blog/six-figures-dc-area-home-sellers-saw-the-highest-profits-on-record-last-qua/18548

And yet, some say we don't need more market-rate housing.