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Posted on 2/11/13 at 7:19 am to Doc Fenton
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.
Posted on 2/11/13 at 7:39 am to VABuckeye
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?
Posted on 2/11/13 at 7:51 am to C
quote:Without sequestration US Government grows $4trillion. With sequestration it grows nearly $3trillion. What cuts?
What happens when sequestrian(sp) cuts abunch of those jobs though?
Posted on 2/11/13 at 7:53 am to NC_Tigah
quote: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.
What cuts?
Posted on 2/11/13 at 7:58 am to VABuckeye
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.
Posted on 2/11/13 at 8:23 am to NC_Tigah
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.
It is getting to be boomtown here again with TONS of new construction projects.
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