Anonymous wrote:
Anonymous wrote:In a decent area, you can only afford a condo for now. I would rather do that for a row house in future than live in an iffy area.
If the goal is a return on investment, then a row house is a better choice. Make sure you visit the potential neighborhood in the night and day and see if you like it.
+1 DC is filled with a boatload of people who earned dramatic improvements in equity simply because they were willing to live in "iffy" areas 15-20 years ago then watched those areas appreciate. It's really amusing to see people say that H St NE is a wasteland and it still today is a fairytale compared to 15-20 years ago.
The question is where can one live that might still see that appreciation, and I don't know. There was heavy investment in those gentrifying areas, so much development it was dizzying - cranes everywhere. From Navy Yard to SW to H St, and more, buildings went up and up and there was also a general positive sentiment from buyers that change was happening. The sentiment is pessimistic lately and there seems to be much less development happening. What is left to develop?
The big 'what if's with that kind of transformative development potential would be Hechinger Mall and the RFK site. What else?