[hugo]

Hi Patb –

Yes, I remember when you bought, I’m glad it’s working out. I think there are re-urbanization trends that will keep exciting cities like DC doing well even with job cuts. What part of H street is the H-street corridor? I read the area has a lot of energy with new restaurants and clubs.

[hugo]

Sure Diego –

The address is 3735 Appleton St., NW. 20016

[hugo]

We are looking in DC, mostly NW. We are looking for walkability – walk to metro, quiet street and room for a dog in the back yard. Oh yeah, and off-street parking. My wife will not pioneer, but given the trends, that is a good option for many. Are there neighborhoods outside NW we should be looking at?

I’m surprised you are so casual about buying without contingencies. Other people have told me they haven’t heard that since the height of the bubble. Cash isn’t a problem so we could have waived the appraisal contingency, but our realtor didn’t mention that.

There are places at 1.2+ but that’s too high for us. So when I say cash isn’t a problem, I mean small amounts of cash aren’t a problem.

[hugo]

Para – you are making the point I was hinting at. In some areas, DC housing prices have risen since the bubble burst because of government spending. Will the Super Committee cuts finally end the party? If so, how long will it take?

Prices have fallen dramatically in outlying areas. Traffic makes those areas a tough sell.

I also agree with BG – DC is an exciting area with terrific schools and well run state governments all around. I don’t expect deep discounts, just some acknowledgement that there is in fact a great recession in progress.

[hugo]

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.”

http://rt.com/usa/news/dc-wealth-rich-america-339/

“The super committee is struggling.

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.”

http://www.huffingtonpost.com/2011/10/10/deficit-super-committee-taxes-cuts_n_1003328.html

[hugo]

To the OP: Grrrrrrr….

[hugo]

To the OP: Grrrrrrr….

[hugo]

To the OP: Grrrrrrr….

[hugo]

To the OP: Grrrrrrr….

[hugo]

To the OP: Grrrrrrr….

[hugo]

Please make sure you have a cover sheet on your TPS reports!

[hugo]

Please make sure you have a cover sheet on your TPS reports!

[hugo]

Please make sure you have a cover sheet on your TPS reports!

[hugo]

Please make sure you have a cover sheet on your TPS reports!

[hugo]

Please make sure you have a cover sheet on your TPS reports!

[Author]

Posts