Thursday, November 07, 2013

Cheers + Jeers: Home values east of the river

The reader comments are split on yesterday's post, "Most expensive home in Congress Heights is $500k LESS than DC average." Including two different reader comments below:

Anonymous said...
"I really appreciate that someone points out the differences in the economic growth that other parts of the city is having compared to east of the river. Our homes values are no were near what is happening across the city and if you bought in the years before the economic downturn your property value is most likely still underwater while you read reports about record number sell prices. I live in the congress heights area and although I don't want it to be h street or adams morgan we should have some type of business district, somewhere to shop, eat and drink. Maybe just maybe we could use these community centers for community events. If you have to jump in your car to head out to md for everything what really is the point you could just move to md. The same townhouse of 250k would be a single family and you won't even have to search for parking."

Anonymous said...
"I guess the question for me is why is a 800K house a good thing in any neighborhood? How many people do you think can afford such a house? I live in Ward 8 and I am pleased with my 250K townhome; 3 bedrooms 3.5 baths.Maybe insead of attempting to compare ward 8 with the other Wards, it would be beneficial to identify the type of character, aura, etc we want our ward to present. And yes "affordable housing" has to be part of the equation. I consider my home affordable housing and I have a mortgage"

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