Home Prices Show Biggest Rise in 6 Years | Page 2 | TigerDroppings.com
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Doc Fenton
LSU Fan
Member since Feb 2007
51087 posts

re: Home Prices Show Biggest Rise in 6 Years

Second best.

EDIT: Oops. Overlooked Dallas. THIRD best!
This post was edited on 2/10 at 6:36 pm


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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
13026 posts

re: Home Prices Show Biggest Rise in 6 Years
quote:

YMMV


quote:

What does that mean?


Your mileage may vary.

I'd be shocked if the Washington, DC area wasn't near the top in holding value. We're about as recession proof as an area can be with our mix of federal government, military and private sector jobs.


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22762 posts

re: Home Prices Show Biggest Rise in 6 Years
quote:

We're about as recession proof as an area can be with our mix of federal government, military and private sector jobs.


What happens when sequestrian(sp) cuts abunch of those jobs though?


NC_Tigah
LSU Fan
Member since Sep 2003
56837 posts

re: Home Prices Show Biggest Rise in 6 Years
quote:

What happens when sequestrian(sp) cuts abunch of those jobs though?
Without sequestration US Government grows $4trillion. With sequestration it grows nearly $3trillion. What cuts?


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22762 posts

re: Home Prices Show Biggest Rise in 6 Years
quote:

What cuts?
I know what you are saying, but the cuts are going to be very specific to certain areas in the defense sector that has a lot of jobs in the DC metro.


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Doc Fenton
LSU Fan
Member since Feb 2007
51087 posts

re: Home Prices Show Biggest Rise in 6 Years
quote:

I'd be shocked if the Washington, DC area wasn't near the top in holding value.


It's certainly above average, but remember that the northern Va. area has tons of McMansion towns that are heavily affected by drops in jumbo loans. Remember also that the higher end housing market ($500k and above) was much more heavily affected by the crisis than the normal housing market, and that people around DC are just the type of people who would be most likely to try to flip 2nd and 3rd homes as well.

So all things considered, yes the DC area has held value better than those in the "sand states" or rust belt regions, but not quite as well as the more ordinary heartland markets like Charlotte or Dallas or Denver.


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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
37198 posts

re: Home Prices Show Biggest Rise in 6 Years
Prices are getting absurd in Miami area again. They have been rising since 2010, going into the 3rd year of increases. Insurance is up, HOA up, prices up, and rents have skyrocketed (like 30% increase in 3 years).

It is getting to be boomtown here again with TONS of new construction projects.


Doc Fenton
LSU Fan
Member since Feb 2007
51087 posts

NC_Tigah
LSU Fan
Member since Sep 2003
56837 posts

re: Home Prices Show Biggest Rise in 6 Years
quote:

Doc Fenton


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