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Friday, August 6, 2010
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22 comments:
I'll start the day on a cheery note....
http://realestate.yahoo.com/promo/housing-markets-that-will-be-strongest-by-2014
I think the key is the drop in your own area. PWC dropped below the 32% before the sale off..So, if housing in your particular area went through a big building boom and foreclosures have sucked the life out of you..then its time to consider buying. That being said..I wouldn't buy in Arlington. Fairfax and out. Now, I know Arlington is immune but I chose not to rebuy there in 97 when we moved back to the area instead selecting PWC.
i think they were kidding themselves on Flagstaff and florida.
but ichigan is good value now
Pat...I saw a report where you can get condos 1 block off the beach for 25,000. Now, thats worth a car trip...yeah it needed work and you couldn't rent but 25,000! Those things will start flying off the shelve to snowbirds. I'm sorely tempted and I don't like Florida! That is exactly what they did to us in PWC, national news on foreclosure bargains and we started flying off the shelve.
Arkey,
You should, you need a beach home to complement your mountain home.
Cara..even mu moutian home has been so hot..I'm talking 105-107 ranges with index 112-115..I hate condos..money pits..and Florida..but it is tempting! On craigslist here you can find Gulf Shore AL condos, ocean front for 150,000..new..that is a deal too..but we have so many lakes in AR that you can also buy an acre lakeside for less than 30,000..you can buy cabins/mobiles with a boatdock/house for less than a 100,000..easy..most arouund 50 to 75,000.
News video about how the storm impacted Alexandria City:
Alex.
It's time to bury all the utility lines. It wouldn't solve all the problems but it might help with some of them.
Ace-
Wow Alexandria really got hammered. The storm wasn't that bad at all out here. It really is amazing how big a difference a couple of miles can make.
295 south from DC to 495 was a mess last night, one road-sign had broken off and hammered into a car (luckily the front bumper), and half the trees near the road were in the road. So the whole Fort Washington/Alexandria area along the river was hard hit.
In housing "news" so there's 3 open houses this Sunday in my neighborhood. But one of them I only know because I drive by the house. Its sign had said "coming soon" and now says "open sunday" but it's still not showing up in a frankly search.
It seems odd to me that you'd have an open house without giving buyers a reasonable heads up that it's even for sale...
The storms were awful. My SIL lives in Alexandria & said there were several dozen big trees in the streets. Power is out everywhere, and some of the streetlights still arent working. Her commute home from Arlington last night (20 minutes normally, 30 minutes with traffic) took 3 hours!!!
Anon-
My coworker took 2 hours to get from Tysons to Alexandria. His report was basically the same as your SIL's report.
http://franklymls.com/DC7363680
sat for 2 years at 360
sells for 240 or $200/SF
774 days before it closes
Blogger pat said... http://franklymls.com/DC7363680... sat for 2 years at 360 sells for 240 or $200/SF...774 days before it closes
Congratulations Homeowner!
The D.C. Crime map for 767 KENYON ST NW WASHINGTON, DC is proud to show that you were on the receiving end of the following violent crimes only 1,000 feet from your front door in the last 365 days:
(1) Homicide
(3) Sex Abuse (ewwwwww)
(59) Robberies sans firearms
(13) Robberies with firearms
To view the entire repertoire of thuggery click the handy link:
D.C. It's just like Mayberry except with more Mayhem...get it? MAY-hem!
LOL...
Who buys properties in D.C.?
The only way I would live in D.C. would be if I were kidnapped and held there at gunpoint. Which, if you think about it, is pretty much a normal thing there.
I keed I keed!
http://franklymls.com/DC7400830
0 DOM?
seems like listing fraud.
And yet, I have colleagues who live in DC who consider their naighborhoods safer than many places in NoVA.
It's relative.
TN
it's the city, cope.
The country has more crimes per capita, but it's scatterred.
the city concentrates this.
pat,
I'm going to have to call you out on that one. There is no way DC has a better crime rate per capita than the country as a whole. I've found the FBI statistics to prove my point:
Washington, DC 2008
vs
USA 2008(see bottom row for 2008 numbers)
Doing the math since they left out the "Violent Crime Rate" column for DC, violent crime is 454.5 per 100,000 in the US as a whole, and 1374.5 per 100,000 in DC. That is almost 3 times the national rate.
Over 3 times rather.
http://blogs.wsj.com/developments/2010/08/03/glut-of-houses-holds-back-housing-market-economy/?blog_id=36&post_id=14256&source=patrick.net
"Right now, there are about 2.5 million vacant homes in the country – 650,000 of them are for sale, 900,000 of them for rent and 950,000 of them being kept off the market. This so-called shadow inventory is being held by investors waiting for prices to appreciate, as well as bank-owned foreclosures that have not yet been listed for sale."
jeremy
http://www.fbi.gov/ucr/cius2008/data/table_02.html
at least currently property crime is higher in the country and violent crime is higher in the city.
if you break southen cities out of the mix northern cities look better
Re: Crime in the city, it is all relative. The majority of those who lived in the city 10 15 years ago are likely unfazed by the current crime because they remember how bad it was. Remember, DC used to be known as "murder capital of the US" as the crack cocaine epidemic was roiling the city. So as bad as it is now, its nothing compared to what it was just a decade or so before.
Also, for those who are willing to bet on gentrification (and who bet correctly) they can be handsomely rewarded. In the 1950s, touristy Gergetown was a wreck. Even here in Old Town Alexandria, 20 year residents tell me of waking up saturday AM to find hypodermic needles and used condoms in the street. Apparently a notorious transvestite prostitute worked my block for years...
Still, someone, somewhere decided to take a gamble on the decrepit old row houses & seedy elements of the city. Slowly but surely, other like minded people agreed with them, the liquor stores were replaced with restaurants, law offices, etc, and the crime just sorta melted away. Those early settlers paid crime discounted prices that are now long gone from this part of the area.
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