So when’s the housing bubble bursting?

[DC_Dude]

Really?!?

1222 28th St NW, Washington, DC 20007 | Zillow

1222 28th St NW, Washington DC, is a Townhouse home that contains 1015 sq ft and was built in 1780.It contains 1 bedroom and 2 bathrooms.This home last sold for $1,050,000 in August 2023. The Zestimate for this Townhouse is $1,070,700, which has decreased by $4,274 in the last 30 days.The Rent...

www.zillow.com

Location Fam....Yeah Georgetown has always been a coveted area in the DC Area......

That joint will never lose value.....

DC real estate is just different....I can show you plenty of homes with crazy

Uncovering Georgetown's Black History | Georgetown DC - Explore Georgetown in Washington, DC

African Americans have lived, worked, and worshipped in Georgetown since its founding. Discriminatory public housing policies such as The Alley Dwelling Elimination Act and The Old Georgetown Act, as well as gentrification, largely pushed out much of the community from the 1930s to 1950s, but...

www.georgetowndc.com

1811 Wyoming Ave NW #23, Washington, DC 20009 - 2 beds/2 baths

(BRIGHT MLS) For Sale: 2 beds, 2 baths ∙ 1312 sq. ft. ∙ 1811 Wyoming Ave NW #23, Washington, DC 20009 ∙ $875,000 ∙ MLS# DCDC2103454 ∙ In the heart of the bustling and vibrant Kalorama/Adams Morgan neighborhoods...

www.redfin.com

 

[DC_Dude]

 

[praetor]

Looking at the market rents for that zip code, it looks like whoever buys it will be losing money every month with that price and current interest rates as long as people would have alternatives charging the market rate.

That's probably why it's been sitting for 3 months.

 

[DC_Dude]

Looking at the market rents for that zip code, it looks like whoever buys it will be losing money every month with that price and current interest rates as long as people would have alternatives charging the market rate.

That's probably why it's been sitting for 3 months.

Interesting. I wonder would a developer come in, bull dozer everything, and rebuild something else?

 

[praetor]

Interesting. I wonder would a developer come in, bull dozer everything, and rebuild something else?

I wouldn't put it past them to knock down those 35 homes and build 105 tiny homes.

 

[praetor]

 

[DC_Dude]

I wouldn't put it past them to knock down those 35 homes and build 105 tiny homes.

I wonder what's being discussed at those city council meetings? That's always a good way to see the plans that might be put into place over the next 10-20 years....

 

[DC_Dude]

Damn that's in Florence, SC.....Interesting....

 

[havelcok]

Location Fam....Yeah Georgetown has always been a coveted area in the DC Area......

That joint will never lose value.....

DC real estate is just different....I can show you plenty of homes with crazy

Uncovering Georgetown's Black History | Georgetown DC - Explore Georgetown in Washington, DC

African Americans have lived, worked, and worshipped in Georgetown since its founding. Discriminatory public housing policies such as The Alley Dwelling Elimination Act and The Old Georgetown Act, as well as gentrification, largely pushed out much of the community from the 1930s to 1950s, but...

www.georgetowndc.com

1811 Wyoming Ave NW #23, Washington, DC 20009 - 2 beds/2 baths

(BRIGHT MLS) For Sale: 2 beds, 2 baths ∙ 1312 sq. ft. ∙ 1811 Wyoming Ave NW #23, Washington, DC 20009 ∙ $875,000 ∙ MLS# DCDC2103454 ∙ In the heart of the bustling and vibrant Kalorama/Adams Morgan neighborhoods...

www.redfin.com

whats a good middle class area in DC proper?

 

[havelcok]

its how they destroy black neigbourhoods
and why so many black people in the south live in cancer corridors

 

[DC_Dude]

whats a good middle class area in DC proper?

Mostly NE and NW that's closer to the MD border....If you got the money, any area to the left of route 29 and mostly NW esp. the area that borders Montgomery County and areas like Bethesda and Chevy Chase.....

Anything to the right of route 29 which is Georgia Ave.....Stay to the left of Anacostia River



NE - Brookland is a decent area but Pricey though. Areas close to like Hyastville is aight...

NW - most of NW that's close to like Takoma Park or Silver Spring is pretty expensive....

It just depends on what you willing to pay and etc...


Area code 20018 is where my condo is. It's a decent area, but my little neighborhood is all Townhomes starting at 700K and up

20018, DC Homes for Sale

Find Real Estate for sale in 20018, DC. Tour Real Estate & make offers with the help of local Redfin real estate agents.

www.redfin.com

Townhomes that are being built on the old walter reed campus....Walkable community, but starting at like 900K

Aspen Square at The Parks Townhomes for Sale | NVHomes

New Townhomes Community by NVHomes at Aspen Square at The Parks | Starting from the Upper $800s | Located in Washington, DC | Learn More Now!

www.nvhomes.com

Urban Living, Familiar Feel | The Parks At Walter Reed

The Parks is a vibrant community offering new apartments in DC with access to dining, shopping and green space located on Georgia Avenue NW, Washington DC.

theparksdc.com

If you thinking about buying in DC Proper, I will definitely let you know if it's a good play or not....LOL

 

[havelcok]

 

[praetor]

 

[Helico-pterFunk]

I've lived in a van full time for 3 years. Here are the 5 biggest downsides no one talks about.

Raychel Reimer and her husband live in their van full time. It saves them money, but everyday tasks like getting a glass of water can be exhausting.

www.businessinsider.com

 

[REDLINE]

I've lived in a van full time for 3 years. Here are the 5 biggest downsides no one talks about.

Raychel Reimer and her husband live in their van full time. It saves them money, but everyday tasks like getting a glass of water can be exhausting.

www.businessinsider.com

The first listed downside should've been "You live in a van"!

 

[Helico-pterFunk]

Iranian refugee who bought $6.6M home in West Vancouver fails to convince judge foreign buyers' tax is unconstitutional

An Iranian refugee who has lived in British Columbia since 1995 but did not receive permanent resident status until last year has had his challenge to the constitutionality of the province's foreign buyers' tax rejected by the B.C. Supreme Court.

bc.ctvnews.ca

 

[blackpepper]

Property owner returns to CT, finds $1.5M house on his land​

 

[jagu]

Property owner returns to CT, finds $1.5M house on his land​

Well, congratulations to him. I wish somebody would.

 

[blackpepper]

Well, congratulations to him. I wish somebody would.

Yeah, sounds like a $1.5M come up to me.

 

[Helico-pterFunk]

B.C.’s new shelter rate a good start, but doesn’t go nearly far enough: advocates | Globalnews.ca

The slice of income assistance meant for housing increased in B.C. for the first time in 15 years this month, but still only amounts to $500 in a province with a housing crisis.

globalnews.ca

 

[Helico-pterFunk]

Imbalance between new homes and new residents escalating unaffordability in B.C.

Growing wedge between the number of new homes being built in B.C. and population growth fuelled by surging in-migration is playing a starring role in the larger housing market story, according to BCBC economists

biv.com

 

[blackbull1970]

This was brought up earlier in the thread and I mentioned this is what they should be doing with all this empty office space.

Also, I stated they could make it multi-use with office/residential in the same building.

How To Convert Empty Offices Into Luxury Apartments

​

How Empty Office Become Apartments In The US

​

Vacant NYC Office Building Being Converted Into Apartments

​

 

[blackbull1970]

It should be pretty obvious why they don’t want this…

Marysville, Ohio neighbors fight against 'build-to-rent' subdivision from breaking ground

The new rental concept of "build-to-rent" is breaking ground across Central Ohio while causing considerable controversy.

​

 

[darth frosty]

 

[Helico-pterFunk]

The village vs house developers: Round TWO

EXCLUSIVE: Five years on from saving the Packhorse Inn, Somserset villagers are waging a new war against developers wanting to build 300 homes on a beauty spot.

www.dailymail.co.uk

 

[Helico-pterFunk]

The towns and cities facing mortgage meltdown

EXCLUSIVE: Analysis reveals that in just three years half UK has gone from paying under £1,000-a-month on mortgages on a new home, to over £1,000-a-month.

www.dailymail.co.uk

 

[Politic Negro]

It should be pretty obvious why they don’t want this…

Marysville, Ohio neighbors fight against 'build-to-rent' subdivision from breaking ground

The new rental concept of "build-to-rent" is breaking ground across Central Ohio while causing considerable controversy.

​

Yeah it's already in Fort Worth

 

[Politic Negro]

 

[praetor]

"When Taura Brown was evicted from her Detroit home in April, she feared she’d lose more than her house.

She had stage-five kidney disease, and without a transplant, her days were numbered.

There are strict requirements to get a transplant, and one of them is stable housing.

The owner of the home, Rev. Faith Fowler, knew she needed a transplant and evicted her anyway, Brown says."

Detroit woman evicted from tiny home gets a second chance at life

Taura Brown had stage-five kidney disease when she was kicked out of her house in April

www.metrotimes.com

"Brown paid rent on time, making her money working at an apartment complex where her boyfriend lived and she often slept over. Then, in January 2021, CSS decided not to renew her lease alleging she was not living in her home 50 percent of the time. The next month, they stopped accepting her rent payments, per Detroit News."

"Brown attributed the legal battle over her home to CSS’ director, Rev. Faith Fowler, who her attorney labeled a “nonprofit poverty pimp.” She says she rustled Fowler’s feathers after accusing her of fraud and micromanaging residents which may have brought this forceful eviction as a retaliation."

Something Ain't Right About This Detroit Woman's Sudden Eviction

Taura Brown, who lives with a terminal illness, and local activists clashed with bailiffs outside her home while protesting her eviction.

www.theroot.com

 

[praetor]

 

[DC_Dude]

 

[Politic Negro]

I'm guessing people have moved to the neighboring cities of Dallas.

Top Cities People Are Leaving​

• Houston, Texas (Net migration: -8,369)
• Chicago, Illinois (Net migration: -7,843)
• Los Angeles, California (Net migration: -7,637)
• New York, New York (Net migration: -7,592)
• Austin, Texas (Net migration: -7,175)
• Miami, Florida (Net migration: -5,792)
• Dallas, Texas (Net migration: -5,629)

Top Cities People Are Moving To​

• Katy, Texas (Net migration: 1,284)
• Northbrook, Illinois (Net migration: 1,151)
• Sanford, North Carolina (Net migration: 1,126)
• Cleveland, Ohio (Net migration: 1,103)
• Green Cove Springs, Florida (Net migration: 1,095)
• St. Cloud, Florida (Net migration: 1,014)
• Henderson, Nevada (Net migration: 1,013)

 

[praetor]

 

[DC_Dude]

I wonder if these are new build homes or new homes (homes arriving on the market whether it’s a new build or not).

 

[jasonblacc]

I'm guessing people have moved to the neighboring cities of Dallas.

Top Cities People Are Leaving​

• Houston, Texas (Net migration: -8,369)
• Chicago, Illinois (Net migration: -7,843)
• Los Angeles, California (Net migration: -7,637)
• New York, New York (Net migration: -7,592)
• Austin, Texas (Net migration: -7,175)
• Miami, Florida (Net migration: -5,792)
• Dallas, Texas (Net migration: -5,629)

Top Cities People Are Moving​

• Katy, Texas (Net migration: 1,284)
• Northbrook, Illinois (Net migration: 1,151)
• Sanford, North Carolina (Net migration: 1,126)
• Cleveland, Ohio (Net migration: 1,103)
• Green Cove Springs, Florida (Net migration: 1,095)
• St. Cloud, Florida (Net migration: 1,014)
• Henderson, Nevada (Net migration: 1,013)

I wish they would stop!!! And stop buildings