Real Estate Agents Back on Crack
I swear some Real Estate Agents are on crack. And it has been a while since I've written that phrase. I was going to ponder the minor mistakes of location listing, like listing a house that is clearly in the TC as being in Eckington. But then I spotted a LeDroit Park house listed for over 4 million dollars. 1-2-3-4 Million! Yes, it has a huge lot, and 8 bedrooms, but great googgly-mooggly.The days of houses in the hood selling in a matter of a few days gone. Gone with the $400,000 mortgages, no down payment loans given to unemployed. Gone, hopefully, is the army the get rich quick flippers and hysterical buyers descending on the next new thing.
We were the next new thing. The hot hip neighborhood. We were like the bright newly graduated student, full of potential and promise. In the 7 years I've been here we have come a long way, but there is still a ways to go. Still more untapped potential and promise. But it's not going to be released any time soon with the fury and near mindless abandon we experienced, until we are once again rediscovered.
Until then lets continue to add value, real value, to those who live here now. Let us improve our homes, not for some faceless unknown buyer, but for ourselves. Let us fight for usable parks and recreational facilities. Let us encourage businesses and non-profits we will actually patronize and support with our dollars and our time and our hearts, not just to heighten our property values or to have something to mention on the MLS as an amenity, but to improve our quality of life.
Labels: real estate
posted by Mari @ 16.5.08
3 Comments:
Look beyond the beltway to discover the real value of the city. What is happening out there? Basically, "Suburbanization" is experiencing the begining of its end.
It didn't last long - only 50-60 years. It was fueled by high speed, efficient highways and cheap gasoline. They're both gone. Urban centers have been around since the beginning of civilization because they are efficient. The value of land in DC is going up daily - even if the current market price is lagging the value.
Our schools leave something to be desired, as does some other quality of life issues (like the right to raise chickens in your yard, which is illegal in DC). I think the market price is getting to, you say lagging, I say sane.
4.3 million? On 4th street? No way is that going to sell at that price. It's not even close to the metro- if and when they can lure condo buyers to 4th and Florida. That giant shell of a building on the corner could be had for about the same price I think.
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