the DC regionals bubble

User Forum Topic
Submitted by patb on February 5, 2013 - 11:22pm

http://www.redfin.com/DC/Washington/1132...

this area used to be an awful slum, now it's a transition zone but still,
even 2 years ago you could get places there for under 100 K.

now they are selling flips for 500K and getting above ask?

i'm seeing lots of bubble signs in DC, and worse, i'm seeing more inventory
coming on market.

‹ is Washington DC in a bubble again? Freddie Mac has now decided to allow "strategic default" under certain conditions ›

I'm still seeing fixer-uppers
Submitted by spdrun on February 6, 2013 - 8:15am.

I'm still seeing fixer-uppers in the $100-200k range in Trinidad. But I'd call this a result of gentrification rather than a bubble per se. Guessing that SE across the Anacostia bridge will be next.

As with NYC, DC prices didn't drop all that much after 2007-8. DC is becoming safer, gov't jobs are available (we'll see about sequestration), and commute times from the suburbs are obscene. All this argues for people living in the city if they work there, so there's upward pressure on values.

All hail Rome!
Submitted by no_such_reality on February 6, 2013 - 9:12am.

All hail Rome!

Exactly, as mentioned here a
Submitted by paramount on February 6, 2013 - 11:44pm.

Exactly, as mentioned here a couple of weeks ago, DC RE is a bubble inflated by the blood, sweat and tears of the rest of the country. Makes me sick.

Best revenge is living
Submitted by spdrun on February 7, 2013 - 6:28am.

Best revenge is living well...

Buy something in a "bad" area of DC, wait for it to go up, then either sell or rent it to a parasite. In short, assfuck them hard while twisting, and make money off THEIR blood, sweat, and tears.

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