Anonymous wrote:New listing on market in colonial Village Needs work but im still shocked it’s priced so low. I guess we are a new market .
https://www.redfin.com/DC/Washington/8157-E-Beach-Dr-NW-20012/home/10020834
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Look at anywhere in VA and that will show how much of a premium people pay to avoid black neighbors. I think that would apply across the board.
I don't think many would argue if you said that most white folks will pay a premium to avoid Black neighbors. You would be right, and there's lots of data to show it. But you are forgetting that middle-class and upper middle-class Black, Hispanic, Asian, and mixed race families exist.
yes but they are not large players in the 900K+ listing market low single digits to measurable. Name a WOTP neighborhood that SFH are less per square ft than SP? I don't think there is one which shows you dollar for dollar most people would prefer to live in any other Wilson Feeder than SP. Basic supply and demand. Sure there are some diverse buyers that might prefer it but that is a very small portion of the market, hence the 97/100 which is admittedly a guesstimate but one that all indicators point to.
The larger point was that SP will always be the entry price point to the Wilson IB zone as it is the least desirable part ( of a very desirable area). As Wilson has gone up it has raised SP but it is held back by not many people would pay more for it than CCDC, AU Park or Woodley Park and the like.
The elementary school isn't as good in SP as WOTP JKLMM. Also SP is further from Deal and Wilson. And 16th street heights also hasn't increased to as much per square foot as WOTP, not even when it fed into Deal and Wilson.
I'm not saying you're necessarily right or wrong, but there are other factors to consider in the argument.
How do you measure good? So dumb. Further from Deal and Wilson. So what? A bus takes the kids down 16th Street. It's actually better because they have dedicated transportation. Duh. Who cares about WOTP. People in SP and Colonial Village can afford WOTP and desire more community.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Look at anywhere in VA and that will show how much of a premium people pay to avoid black neighbors. I think that would apply across the board.
I don't think many would argue if you said that most white folks will pay a premium to avoid Black neighbors. You would be right, and there's lots of data to show it. But you are forgetting that middle-class and upper middle-class Black, Hispanic, Asian, and mixed race families exist.
yes but they are not large players in the 900K+ listing market low single digits to measurable. Name a WOTP neighborhood that SFH are less per square ft than SP? I don't think there is one which shows you dollar for dollar most people would prefer to live in any other Wilson Feeder than SP. Basic supply and demand. Sure there are some diverse buyers that might prefer it but that is a very small portion of the market, hence the 97/100 which is admittedly a guesstimate but one that all indicators point to.
The larger point was that SP will always be the entry price point to the Wilson IB zone as it is the least desirable part ( of a very desirable area). As Wilson has gone up it has raised SP but it is held back by not many people would pay more for it than CCDC, AU Park or Woodley Park and the like.
The elementary school isn't as good in SP as WOTP JKLMM. Also SP is further from Deal and Wilson. And 16th street heights also hasn't increased to as much per square foot as WOTP, not even when it fed into Deal and Wilson.
I'm not saying you're necessarily right or wrong, but there are other factors to consider in the argument.
Anonymous wrote:New listing on market in colonial Village Needs work but im still shocked it’s priced so low. I guess we are a new market .
https://www.redfin.com/DC/Washington/8157-E-Beach-Dr-NW-20012/home/10020834
Anonymous wrote:I hate not having a sidewalk. But I love the proximity to Rock Creek Park.
Anonymous wrote:Anonymous wrote:New listing on market in colonial Village Needs work but im still shocked it’s priced so low. I guess we are a new market .
https://www.redfin.com/DC/Washington/8157-E-Beach-Dr-NW-20012/home/10020834
Looks like it will need a total reno.
Anonymous wrote:New listing on market in colonial Village Needs work but im still shocked it’s priced so low. I guess we are a new market .
https://www.redfin.com/DC/Washington/8157-E-Beach-Dr-NW-20012/home/10020834
Anonymous wrote:Anonymous wrote:Look at anywhere in VA and that will show how much of a premium people pay to avoid black neighbors. I think that would apply across the board.
I don't think many would argue if you said that most white folks will pay a premium to avoid Black neighbors. You would be right, and there's lots of data to show it. But you are forgetting that middle-class and upper middle-class Black, Hispanic, Asian, and mixed race families exist.
yes but they are not large players in the 900K+ listing market low single digits to measurable. Name a WOTP neighborhood that SFH are less per square ft than SP? I don't think there is one which shows you dollar for dollar most people would prefer to live in any other Wilson Feeder than SP. Basic supply and demand. Sure there are some diverse buyers that might prefer it but that is a very small portion of the market, hence the 97/100 which is admittedly a guesstimate but one that all indicators point to.
The larger point was that SP will always be the entry price point to the Wilson IB zone as it is the least desirable part ( of a very desirable area). As Wilson has gone up it has raised SP but it is held back by not many people would pay more for it than CCDC, AU Park or Woodley Park and the like.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Look at anywhere in VA and that will show how much of a premium people pay to avoid black neighbors. I think that would apply across the board.
I don't think many would argue if you said that most white folks will pay a premium to avoid Black neighbors. You would be right, and there's lots of data to show it. But you are forgetting that middle-class and upper middle-class Black, Hispanic, Asian, and mixed race families exist.
yes but they are not large players in the 900K+ listing market low single digits to measurable. Name a WOTP neighborhood that SFH are less per square ft than SP? I don't think there is one which shows you dollar for dollar most people would prefer to live in any other Wilson Feeder than SP. Basic supply and demand. Sure there are some diverse buyers that might prefer it but that is a very small portion of the market, hence the 97/100 which is admittedly a guesstimate but one that all indicators point to.
The larger point was that SP will always be the entry price point to the Wilson IB zone as it is the least desirable part ( of a very desirable area). As Wilson has gone up it has raised SP but it is held back by not many people would pay more for it than CCDC, AU Park or Woodley Park and the like.
The elementary school isn't as good in SP as WOTP JKLMM. Also SP is further from Deal and Wilson. And 16th street heights also hasn't increased to as much per square foot as WOTP, not even when it fed into Deal and Wilson.
I'm not saying you're necessarily right or wrong, but there are other factors to consider in the argument.
Anonymous wrote:Anonymous wrote:Look at anywhere in VA and that will show how much of a premium people pay to avoid black neighbors. I think that would apply across the board.
I don't think many would argue if you said that most white folks will pay a premium to avoid Black neighbors. You would be right, and there's lots of data to show it. But you are forgetting that middle-class and upper middle-class Black, Hispanic, Asian, and mixed race families exist.
yes but they are not large players in the 900K+ listing market low single digits to measurable. Name a WOTP neighborhood that SFH are less per square ft than SP? I don't think there is one which shows you dollar for dollar most people would prefer to live in any other Wilson Feeder than SP. Basic supply and demand. Sure there are some diverse buyers that might prefer it but that is a very small portion of the market, hence the 97/100 which is admittedly a guesstimate but one that all indicators point to.
The larger point was that SP will always be the entry price point to the Wilson IB zone as it is the least desirable part ( of a very desirable area). As Wilson has gone up it has raised SP but it is held back by not many people would pay more for it than CCDC, AU Park or Woodley Park and the like.
Anonymous wrote:Look at anywhere in VA and that will show how much of a premium people pay to avoid black neighbors. I think that would apply across the board.
I don't think many would argue if you said that most white folks will pay a premium to avoid Black neighbors. You would be right, and there's lots of data to show it. But you are forgetting that middle-class and upper middle-class Black, Hispanic, Asian, and mixed race families exist.