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Old 03-26-2015, 10:36 AM
 
9,583 posts, read 10,915,282 times
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Quote:
Originally Posted by kidphilly View Post
Looks like prices have held - the one thing to me on the link is the District absorption of the new delivery at 2,731 of 4,477 (61%) - that to me is scary on the demand front

Straight-lining this to the pipe reported - there will be ~4,300 new delivery units that go un-occupied

Dunno but to me reads as a slow down in construction unless absorption rates dramatically increase and the pipe i growing not declining - would seem the market has to eventually level set to absorption rates

DC has been a very bullish market for some time - nearly all bulls have bear moments as well - maybe is just me but this seem like to much construction for the current demand and absorption rates your link had.

I just dont believe the current rate is sustainable and even your link while rents are fine - the absorption rate is weak and there is more pipe then ever - Generally not a good sign for continued development

Nope, the development community thinks it will catch up in the next 1-2 years. Why do you think so many projects are breaking ground now for 2017-2018 delivery?
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Old 03-26-2015, 10:38 AM
 
Location: The City
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Quote:
Originally Posted by MDAllstar View Post
Nope, the development community thinks it will catch up in the next 1-2 years. Why do you think so many projects are breaking ground now for 2017-2018 delivery?
ok Gotcha - I feel better now
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Old 03-26-2015, 10:40 AM
 
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Originally Posted by kidphilly View Post
ok Gotcha - I feel better now

Oh yes, developers around the nation just have no clue what they are doing and neither do banks, they should, instead, consult you?

Just an FYI, D.C. jobs are picking up again and you will see as the numbers come out over the next 1-2 years. You're prayers apparently haven't been answered yet.
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Old 03-26-2015, 10:43 AM
 
Location: The City
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Saw you added more after I replied - Its their money so they make their own decisions and lucky for you they are always correct.

I know this is hard for you to fathom but the level of development is not sustainable longer term. Especially with job adds slowing in DC

I really get the sense that you may be to young to have seen DC not in Boom - unless the govt starts growing again at high rates I just cant see the DC growth sustained - but anyway You think the 12 mile area will add ~200K residents in that space through 2030 - I don't guess we will see
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Old 03-26-2015, 10:46 AM
 
Location: The City
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Prayers? no I just personally dont believe the current rates are sustainable and find some of your estimates to be not consistent with common sense; you on the other hand believe them to be a given
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Old 03-26-2015, 10:47 AM
 
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D.C. could exhaust its 202 area code by 2019 - The Washington Post
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Old 03-26-2015, 10:52 AM
 
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Quote:
Originally Posted by kidphilly View Post
Prayers? no I just personally dont believe the current rates are sustainable and find some of your estimates to be not consistent with common sense; you on the other hand believe them to be a given

LOOOOOOOOOOOOOLLLLLLLLLLLLLLLLLLLLLLLL..........

You're not fooling anybody! Yes, prayers! At the end of the day, whether D.C. picks back up or doesn't, why does it really matter that much to you? Why do you care so much? You don't live here and it has nothing to do with you?
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Old 03-26-2015, 10:54 AM
 
Location: The City
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isn't this pretty common though with cell phones etc - many places have already split and added overlays

215 was split to 215/610 then overlays added with 267 and 484 as am sure many many places have had the same
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Old 03-26-2015, 10:56 AM
 
Location: The City
21,945 posts, read 30,803,938 times
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Quote:
Originally Posted by MDAllstar View Post
LOOOOOOOOOOOOOLLLLLLLLLLLLLLLLLLLLLLLL..........

You're not fooling anybody! Yes, prayers! At the end of the day, whether D.C. picks back up or doesn't, why does it really matter that much to you? Why do you care so much? You don't live here and it has nothing to do with you?
its more I continue to see you throw out numbers that just don't make sense
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Old 03-26-2015, 11:16 AM
 
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Quote:
Originally Posted by kidphilly View Post
its more I continue to see you throw out numbers that just don't make sense

I really don't care. D.C. is growing. I don't really care how much, it's just growing. D.C. is getting better every day. Stay in Philly and worry about your own city.
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