Abandoned building located along the 600 block of L street NW in Washington, DC.
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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 Bubble Meter Philosophy
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
(546)
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February
(55)
- Really Big For Sale Signs
- A Real Estate P/E Ratio for Washington DC
- Aerial Mapping Article
- BubbleSphere Roundup
- Update III: 1228 Walter Street SE
- Update V: 8300 Hartford Ave
- Update: 1221 C ST SE
- Abandoned Rowhouses in DC
- New Bubble Blog: BubbleTrack
- Graphs of Northern Virginia Real Estate Numbers
- Abandoned Building Near Washington Convention Center
- New Housing Bubble Site
- Update V: NVAR Discrepancies Resolved
- Update IV: NVAR Discrepancies
- Baltimore City: 224 N. Montford
- David Lereah's New Book 'Why the Real Estate Boom ...
- Check out this Bubble 'Logic'
- Bubble Sphere Roundup
- Some NVAR January 2006 Data is Incorrect
- New Condo Listings at 1602 Isherwood Street NE
- Significant Price Reduction for Condo in Northern ...
- Update: NVAR Data Discrepancies
- The Decline of the Great American Home ATM
- ARM Rates Continue to Increase
- Discrepancies in Northern Virginia Association of ...
- Realtors Promoting Condotels
- Average Sales Price in Greater Northern Virginia F...
- The Housing Market According to the White House
- Washington City Paper: Just Reduced
- Will there be a Spring Boom?
- The Snowball is Just Getting Rolling
- Lot of Snow
- Snow Covered Trees
- BubbleSphere Roundup
- The Trade Deficit & The Housing Bubble
- 925 Westminster Street NW
- David Lereah Spoof
- Update: Speculators Looking To Get Out
- I'm Losing X Per Day on My Home
- Update II: 1228 Walter Street SE
- Phoenix Housing Market Inventory is Exploding
- HomeBuilders' Incentives
- Toll Brothers slashes sales outlook again
- Don't Be a F*cked Borrower
- Interesting Search
- ARM 5/1 Rates Going Up
- Two Competing Rowhouses on Capitol Hill
- Super Bowl Roundup
- New Condo In Arlington, VA
- Quick Programming Note
- Moroccan Embassy
- Toll Brother's Stock
- ZipRealty's New Features
- Detroit's Economy & Housing Market
- Detroit's Sparsely Populated Inner City Neighborhoods
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February
(55)
It's a cozy fixer upper in an up and coming neighborhood.
ReplyDeleteGawd damn, doesn't anybody in D.C. have any matches?!?
ReplyDeleteI like it. It looks historical. I'll give you everything I have now and for the next 30 years to get it.
ReplyDeleteI'll start the bidding. I will put down $750,000 for that property!
ReplyDeleteIt would seem that our friendly neighborhood developer, Douglas Jemal, owns this property - along with at least 5 of its neighboring buildings/lots.
ReplyDeleteIt'll probably be demolished and replaced with something large in the next few years.
yeh, a parking lot!
ReplyDeleteIn May 2001 there was a fixer upper 400 sq ft efficiency in River Park Mutual Homes, SW DC, 20024 listed for $18,500 it sold for the asking price. Coop fees were about $300 a month including utilities, taxes, and some basic cable channels. It was listed in August 2005 and sold in September for $106,000 about a couple thousand more than the listing price. I had to sell it after being mugged and receiving threats from the local criminal elements moving in and out of nearby housing projects. I had read some reports predicting a bubble during the summer. There were reports as early as 2002 of a bubble. The local price continued to rise but no where near the percentage rise I saw during the real estate boom.
ReplyDelete