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why is Washington DC Real Estate in its own little world?
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Date: February 4th, 2012 8:47 PM Author: lake hospital it's like the only city where real estate prices have consistently gone up over the last 10 years. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896650) |
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Date: February 4th, 2012 8:53 PM Author: Black bawdyhouse trust fund Think about which one sector has held up in this recession? Despite everything the Feds have money. Feds have money because they print money. Because the Feds have money and rest of the nation doesn't, people move to DC to get some of that money. Hence the rise in real estate values. Also the bad traffic. DC has horrible traffic. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896675) |
Date: February 4th, 2012 8:49 PM Author: Yapping Dashing Location Old Irish Cottage because fuckups like me keep moving here to work for the federal government (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896661) |
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Date: February 4th, 2012 8:50 PM Author: multi-colored orange clown ti,oc,tcr (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896662) |
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Date: February 4th, 2012 8:50 PM Author: lake hospital I knew fed gov would come up but that can't explain all of it. most condos and townhomes in DC are well over 500K. That's out of the price range for most gov. employees... (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896664) |
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Date: February 4th, 2012 8:51 PM Author: Black bawdyhouse trust fund twist: it's not (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896666) |
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Date: February 4th, 2012 8:51 PM Author: Yapping Dashing Location Old Irish Cottage since federal employees are all incompetent, there is a booming market for federal contractors
my agency uses outside counsel for big cases, and our business units hire McKinsey for government consulting, etc. We pay these people millions. |
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Date: February 4th, 2012 8:53 PM Author: lake hospital so do you suspect DC will continue to have increasing real estate prices? (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896674) |
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Date: February 4th, 2012 8:54 PM Author: Yapping Dashing Location Old Irish Cottage unless there are severe reductions in the size of the federal budget, yes (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896676) |
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Date: February 4th, 2012 8:50 PM Author: mustard glittery nursing home ceo Government contracting. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896663) |
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Date: February 4th, 2012 8:55 PM Author: laughsome native regret think about what dc is known for (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896679) |
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Date: February 4th, 2012 8:58 PM Author: Dead embarrassed to the bone piazza real estate has held pretty steady in most major cities. even most of LA has held steady or gone up it seems, though i hear orange county/inland empire got pwned. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896692) |
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Date: February 4th, 2012 9:00 PM Author: lake hospital so you think it's a city vs suburb thing? with people increasingly wanting to live in the cities? (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896697) |
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Date: February 5th, 2012 1:09 PM Author: Hyperactive filthy brunch It may be, because if you go to the exurbs of DC (well outside the beltway), home prices have been hammered and there are tons of short sales and forclosures.
Also note that its a myth that the devastation in home prices was country-wide. While most markets took some sort of a hit, a bulk of the price drops were in just a few locations. |
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Date: February 4th, 2012 9:10 PM Author: Topaz slippery church Has the federal budget grown much relative to GDP (or some more useful metric)?
There might also be social factors at play. The city lost population between 1950 and 2000. It was a total shit hole. My parents friends bought beautiful houses by the parks for a song. Now DC is a place where people actually want to live and the DC real estate market is still adjusting. |
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Date: February 4th, 2012 9:27 PM Author: floppy puce point You're talking about the northern va/md suburbs and, at most, 1/4 of the district. 3/4 of the district is a third-world country. (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19896844) |
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Date: February 4th, 2012 10:06 PM Author: vigorous internal respiration Real Estate is down this year in year over year prices and volume of sales (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19897230) |
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Date: February 4th, 2012 10:42 PM Author: Boyish station useless brakes this is false, at least in northwest dc (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19897419) |
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Date: February 5th, 2012 1:12 PM Author: Stimulating institution gay wizard 23yo's move there after college to take a $32K/year govt job and their parents are happy to pay $2000/month for their precious angel's 1-bedroom apartment (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19900878) |
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Date: February 5th, 2012 1:12 PM Author: Yapping Dashing Location Old Irish Cottage (http://www.autoadmit.com/thread.php?thread_id=1865351&forum_id=2#19900880) |