the DC regionals bubble

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

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.

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.

Submitted by no_such_reality on February 6, 2013 - 9:12am.

All hail Rome!

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.

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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.