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why is Washington DC Real Estate in its own little world?
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Date: February 4th, 2012 8:47 PM Author: Flatulent arousing friendly grandma senate it's like the only city where real estate prices have consistently gone up over the last 10 years. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896650) |
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Date: February 4th, 2012 8:53 PM Author: Effete Meetinghouse Think about which one sector has held up in this recession? Despite everything the Feds have money. Feds have money because they print money. Because the Feds have money and rest of the nation doesn't, people move to DC to get some of that money. Hence the rise in real estate values. Also the bad traffic. DC has horrible traffic. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896675) |
Date: February 4th, 2012 8:49 PM Author: Histrionic yapping roommate pistol because fuckups like me keep moving here to work for the federal government (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896661) |
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Date: February 4th, 2012 8:50 PM Author: laughsome misunderstood dragon box office ti,oc,tcr (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896662) |
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Date: February 4th, 2012 8:50 PM Author: Flatulent arousing friendly grandma senate I knew fed gov would come up but that can't explain all of it. most condos and townhomes in DC are well over 500K. That's out of the price range for most gov. employees... (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896664) |
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Date: February 4th, 2012 8:51 PM Author: Effete Meetinghouse twist: it's not (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896666) |
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Date: February 4th, 2012 8:51 PM Author: Histrionic yapping roommate pistol since federal employees are all incompetent, there is a booming market for federal contractors
my agency uses outside counsel for big cases, and our business units hire McKinsey for government consulting, etc. We pay these people millions. |
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Date: February 4th, 2012 8:53 PM Author: Flatulent arousing friendly grandma senate so do you suspect DC will continue to have increasing real estate prices? (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896674) |
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Date: February 4th, 2012 8:54 PM Author: Histrionic yapping roommate pistol unless there are severe reductions in the size of the federal budget, yes (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896676) |
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Date: February 4th, 2012 8:50 PM Author: Haunting Massive Newt Government contracting. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896663) |
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Date: February 4th, 2012 8:55 PM Author: Frozen Cyan Heaven think about what dc is known for (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896679) |
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Date: February 4th, 2012 8:58 PM Author: nighttime circlehead real estate has held pretty steady in most major cities. even most of LA has held steady or gone up it seems, though i hear orange county/inland empire got pwned. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896692) |
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Date: February 4th, 2012 9:00 PM Author: Flatulent arousing friendly grandma senate so you think it's a city vs suburb thing? with people increasingly wanting to live in the cities? (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896697) |
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Date: February 5th, 2012 1:09 PM Author: sienna business firm It may be, because if you go to the exurbs of DC (well outside the beltway), home prices have been hammered and there are tons of short sales and forclosures.
Also note that its a myth that the devastation in home prices was country-wide. While most markets took some sort of a hit, a bulk of the price drops were in just a few locations. |
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Date: February 4th, 2012 9:10 PM Author: Fantasy-prone Wrinkle Has the federal budget grown much relative to GDP (or some more useful metric)?
There might also be social factors at play. The city lost population between 1950 and 2000. It was a total shit hole. My parents friends bought beautiful houses by the parks for a song. Now DC is a place where people actually want to live and the DC real estate market is still adjusting. |
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Date: February 4th, 2012 9:27 PM Author: ruddy appetizing piazza You're talking about the northern va/md suburbs and, at most, 1/4 of the district. 3/4 of the district is a third-world country. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896844) |
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Date: February 4th, 2012 10:06 PM Author: drab hissy fit set Real Estate is down this year in year over year prices and volume of sales (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19897230) |
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Date: February 4th, 2012 10:42 PM Author: flushed odious rehab love of her life this is false, at least in northwest dc (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19897419) |
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Date: February 5th, 2012 1:12 PM Author: blathering new version 23yo's move there after college to take a $32K/year govt job and their parents are happy to pay $2000/month for their precious angel's 1-bedroom apartment (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19900878) |
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Date: February 5th, 2012 1:12 PM Author: Histrionic yapping roommate pistol (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19900880) |