Anonymous wrote:When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467.
Anonymous wrote:I think despite how loud you all are about crime and how scared you are or would be (bc you click every single thing about crime), you are the minority. The large majority of us are just loving life in this city and are much more scared of NOVAs suburban sprawl which seems inescapable when you are in it.
Anonymous wrote:When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467.
At what point does the murder rate start actually depressing real estate values? 300 murders? 500 murders like we had in the 90s?
For DC homeowners who have stuck it out, at what point will crime get so bad that you’d want to move or are you in for long haul no matter what happens?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We sold our Petworth row home end of May and got out of the area altogether after almost two decades in DC. Overall decline in quality of life vs rising cost of living did us in. Crime was one of the big factors, and you don’t realize how much better life is when you don’t have to constantly hear gunshots.
This person overpaid in 2020, but seeing lots of listings like this in once very popular neighborhoods (I would never live on this block): https://redf.in/QIx61E
Given the transaction cost (5%), if they sell at 1m they are breaking even, but chances are they will have to cut their price to sell (been on market for a while now), especially given that there is a decent amount of inventory in that area currently.
Yeah would never live on that block, especially after Covid, pre-covid that area was fine but now, it is literally infested with crime.
Petworth has always been meh. There was a contingent that swore they could will it nice with coffee shops and a blog but it never really got there. Petworth now is still the Petworth of yesterday. It’s the hope that is gone that and the ability to kid one’s self.
Doesn’t the guy who edits the Prince of Petworth blog now live in some posh WOTP neighborhood? Says all you need to know about Petworth.
That said, I think the link you were looking at is for a listing in Columbia Heights.
Anonymous wrote:Unless they are murdering home buyers why would it matter.
Anonymous wrote:When will the rising murder rate start affecting DC housing prices? So far, rowhomes in places like H Street NE are still selling for a premium, like this one: https://www.redfin.com/DC/Washington/622-G-St-NE-20002/home/9898467.
At what point does the murder rate start actually depressing real estate values? 300 murders? 500 murders like we had in the 90s?
For DC homeowners who have stuck it out, at what point will crime get so bad that you’d want to move or are you in for long haul no matter what happens?