This boarded up rowhouse, located along 1st Street NW near downtown Washington, DC will probably be rehabbed in the coming years as this neighborhood continues to gentrify.
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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Bubble Meter Archive
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2006
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January
(64)
- Greenspan Retires. His Legacy.
- FOMC: + 1/4 Point to 4.5%
- WashPost: 'Reports Indicate Glut of Condos in D.C....
- Update: 3015 Baltimore Avenue, Baltimore, MD
- BubbleSphere Roundup
- Bubblicious Quote of the Day
- Santa Barbara Association of Realtors Refuse to R...
- UPDATE US Government Exceeds Debt Ceiling [ NOPE ]
- Bubblicious Alert: in Silver Spring, MD
- Update II: 716 5th Street ,NE - Reduced Again
- Update: 1817 D Street SE
- Condo Project in Mount Vernon Square Neighborhood ...
- Mention in the Washington Post Express
- New Housing & Economic Numbers Released
- Speculator Exits Early at a Loss
- Update from the Washington DC Area
- Time: 'Vegas Condos Go Cold'
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- Bubble Meter Blog Mentioned By CBSNews
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- Boarded up Rowhouse in Washington, DC
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- My Date Believed in the Florida Housing Bubble
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- 2006 Code of Ethics and Standards of Practice
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- Update: 8300 Hartford
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January
(64)
I'd have to estimate that beauty is worth at least 6 billion dollars. Prime location, perfect for renovators, could probably turn around and sell it for 16 trillion in a few months. Ideal investment property.
ReplyDeleteYou folks will certainly get a kick out of this..
ReplyDeleteCentex Home Sale Ad Parody
grim
Hey anonymous - very clever. 16 trillion, I can't stop laughing.
ReplyDeletethe centex ad thing is hilarious. but look at the photo of the monster-house. who the hell wants something that huge? who'd wanna clean and heat/cool that McMansion?
ReplyDelete