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DC: The Price Isn't Right


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2011 Jun 10, 5:28am   1,261 views  3 comments

by Analyst15   ➕follow (0)   💰tip   ignore  

Thanks to everyone who responded to my first question/post about the DC market.

This article was in the City Paper that I picked up today. I'd be interested to hear everyone's thoughts.

http://www.washingtoncitypaper.com/blogs/housingcomplex/2011/06/09/the-price-isnt-right/

#housing

Comments 1 - 3 of 3        Search these comments

1   klarek   2011 Jun 10, 6:13am  

DC prices are bullshit. Low unemployment and a relatively low number of foreclosures have delayed an inevitable price discovery. Plus, as the article mentions, there's the DC tax credit. Prices here don't match median household income trends compared to pre-2000. This is unsustainable in my opinion.

2   zzyzzx   2011 Jun 13, 3:49am  

I agree. I would not buy a house here now.

3   HousingWatcher   2011 Jun 13, 4:52am  

"DC prices are bullshit. Low unemployment and a relatively low number of foreclosures have delayed an inevitable price discovery."

So, if by your own admission, DC prices are based on sound fundamentals (low unemployment and low foreclosures), then they are not "bullsh*t."

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