Anonymous
04/14/2014 23:52
Subject: Re:How much higher do you think DC area prices can go long-term?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The prices in the great neighborhoods will continue to go up, not so much in the not great neighborhoods. The DC area is still stratified. There are a few areas with awesome schools and amenities, and everyone wants to get into these, to avoid the horrible areas. Where I grew up there were lots of regular ol' middle class towns, here there are rich areas, and ghetto areas.
But if the rezoning and lotteries go ahead there will be no good neighborhoods anymore......
Also, a lot of the extreme stratification in the DC area is based on race. And race is very gradually coming to mean less. So white people like me happily spend way less money to live in a traditionally black neighborhood and feel just fine there. We feel fine sending the kids to schools that are majority black.
Yeah, the schools threads show exactly how progressive "white people like you" are whenever anything is put on the table that might go against your wishes. Spare me, lady.
PP here. Can you be more specific about what type of dynamic you're talking about? I have not been reading the school threads.
Anonymous
04/14/2014 20:29
Subject: Re:How much higher do you think DC area prices can go long-term?
Anonymous wrote:Anonymous wrote:Anonymous wrote:The prices in the great neighborhoods will continue to go up, not so much in the not great neighborhoods. The DC area is still stratified. There are a few areas with awesome schools and amenities, and everyone wants to get into these, to avoid the horrible areas. Where I grew up there were lots of regular ol' middle class towns, here there are rich areas, and ghetto areas.
But if the rezoning and lotteries go ahead there will be no good neighborhoods anymore......
Also, a lot of the extreme stratification in the DC area is based on race. And race is very gradually coming to mean less. So white people like me happily spend way less money to live in a traditionally black neighborhood and feel just fine there. We feel fine sending the kids to schools that are majority black.
Yeah, the schools threads show exactly how progressive "white people like you" are whenever anything is put on the table that might go against your wishes. Spare me, lady.
Anonymous
04/14/2014 20:26
Subject: Re:How much higher do you think DC area prices can go long-term?
It's insane. The average SFH in all of Arlington ---South, North, good, bad and ugly is now $913K.
I thought it was a misprint because this is Median price, but nope. My Arlington neighborhood is now $1.3 mill. Average.
I thought it was a misprint because this is Median price, but nope. My Arlington neighborhood is now $1.3 mill. Average.
Anonymous
04/14/2014 20:22
Subject: How much higher do you think DC area prices can go long-term?
I think as long as the rates stay low, prices will continue to climb. The supply is not going to increase anytime soon. The housing market will be locked up for some time to come. So I think we have at least a year of more price increases, if not more. They will continue to climb even as rates rise but I could see them start plateauing when rates get past about 5.5%.
Anonymous
04/13/2014 23:41
Subject: Re:How much higher do you think DC area prices can go long-term?
Anonymous wrote:Anonymous wrote:The prices in the great neighborhoods will continue to go up, not so much in the not great neighborhoods. The DC area is still stratified. There are a few areas with awesome schools and amenities, and everyone wants to get into these, to avoid the horrible areas. Where I grew up there were lots of regular ol' middle class towns, here there are rich areas, and ghetto areas.
But if the rezoning and lotteries go ahead there will be no good neighborhoods anymore......
Also, a lot of the extreme stratification in the DC area is based on race. And race is very gradually coming to mean less. So white people like me happily spend way less money to live in a traditionally black neighborhood and feel just fine there. We feel fine sending the kids to schools that are majority black.
Anonymous
04/13/2014 23:25
Subject: Re:How much higher do you think DC area prices can go long-term?
Anonymous wrote:The prices in the great neighborhoods will continue to go up, not so much in the not great neighborhoods. The DC area is still stratified. There are a few areas with awesome schools and amenities, and everyone wants to get into these, to avoid the horrible areas. Where I grew up there were lots of regular ol' middle class towns, here there are rich areas, and ghetto areas.
But if the rezoning and lotteries go ahead there will be no good neighborhoods anymore......