I’d love to hear more patb. We are looking to buy in the DC area but are finding few deals. Well known areas of DC/near DC are amazingly expensive. DC is now considered the wealthiest metro-area in the country. But like many pigs I’m always looking for warning signs, so we are waiting to hear what the Super Committee does. Will they finally prick the DC bubble? I think you’re safe, but those 1.3kk 2bed townhouses may finally drop a bit. http://www.redfin.com/DC/Washington/1252-31st-St-NW-20007/home/9925300
“Lawmakers on Capitol Hill might be ignoring the growing anger at the widening gap between the rich and poor in America because, frankly, they can’t tell. The greater Washington DC area is officially the wealthiest metropolitan region in the country
With the Occupy Wall Street movement in its second month of demonstrations protesting the alliance between Washington and the financial sector, perhaps the wealthy are unaware of their growing concerns because everything seems fine and dandy along the banks of the Potomac. The average annual income in the DC area of 2010 was around $84,523, head-and-shoulders above the national median of $50,046.”
After weeks of secret meetings, the 12-member deficit-cutting panel established under last summer’s budget and debt deal appears no closer to a breakthrough than when talks began last month.”
