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Old 02-07-2013, 08:30 AM
 
Location: The Port City is rising.
8,868 posts, read 12,562,134 times
Reputation: 2604

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Quote:
Originally Posted by BajanYankee View Post
Didn't you just point out the other day that a rowhouse within footsteps of the Potomac Avenue metro could be purchased for as little as $450,000? You don't consider that affordable?

Without discussing my personal situation more in a public forum, we would rather spend less than that right now. I would note that those 450k THs are unrenovated - so for someone who is not personally handy, the costs to renovate would be on top of that. Renovated THs in that area go for well over 500k - closer to 600k and beyond, depending on size and location.
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Old 02-07-2013, 08:34 AM
 
Location: Crooklyn, New York
32,104 posts, read 34,720,210 times
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Quote:
Originally Posted by brooklynborndad View Post
Without discussing my personal situation more in a public forum, we would rather spend less than that right now. I would note that those 450k THs are unrenovated - so for someone who is not personally handy, the costs to renovate would be on top of that. Renovated THs in that area go for well over 500k - closer to 600k and beyond, depending on size and location.
I'm not asking to see a W-2, most recent pay stubs and a credit report. I just asked if you considered $450,000 afforable, particularly for a house on Capitol Hill.

There's also a $200,000 condo for sale near RFK Stadium.
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Old 02-07-2013, 09:14 AM
 
Location: USA
8,011 posts, read 11,404,247 times
Reputation: 3454
eotr will have you worn out walllllllking miles lol up hills and all that just to get anywhere.
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Old 02-07-2013, 10:03 AM
 
Location: DC
6,848 posts, read 7,993,664 times
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Yeah just look at how San Francisco struggles with it's hills. ROFLMAO
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Old 02-07-2013, 11:15 AM
 
Location: The Port City is rising.
8,868 posts, read 12,562,134 times
Reputation: 2604
Quote:
Originally Posted by BajanYankee View Post
I just asked if you considered $450,000 afforable, particularly for a house on Capitol Hill.
Since we are discussing if EOTR will gentrify - I would say that prices of 450k for an unrenovated TH near Potomac Ave metro, while more affordable than some other parts of DC, are still high enough to motivate some folks who might be called "gentrifiers" to seek out housing in less expensive neighborhoods. They may have incomes just too low for the 450k house (plus renovation cost), or they may choose to spend a smaller portion of their income on housing.

For such people historic Anacostia's housing, layout, and proximity to metro and to Capital Riverfront may make it a good choice - but crime will continue to be a deterrent.
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Old 02-07-2013, 11:19 AM
 
Location: The Port City is rising.
8,868 posts, read 12,562,134 times
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Quote:
Originally Posted by BajanYankee View Post
There's also a $200,000 condo for sale near RFK Stadium.

You mean the 395 Sq ft 1 BR?

Yeah, thats more affordable than some other nabes, I guess, but I can still imagine someone with 200k to spend looking EOTR to get something bigger and better.
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Old 02-07-2013, 11:20 AM
 
465 posts, read 928,391 times
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Quote:
Capital Riverfront
First time I've ever seen someone outside the Capital Riverfront BID or a newspaper call it that. Most people say "Navy Yard" or "by the ballpark". Regardless, I'm excited for how many places are opening up/have opened there this year!

Osteria Morini
Nando's Peri Peri
Agua 301
Park Tavern (in a few weeks, I believe)
Kruba Thai and Sushi
Bluejacket
Canal Park Ice Rink
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Old 02-07-2013, 11:38 AM
 
Location: The Port City is rising.
8,868 posts, read 12,562,134 times
Reputation: 2604
Quote:
Originally Posted by BajanYankee View Post
Didn't you just point out the other day that a rowhouse within footsteps of the Potomac Avenue metro could be purchased for as little as $450,000? You don't consider that affordable?

do you mean this?

https://www.city-data.com/forum/28013641-post28.html

"you can find houses that high, but most of the renovated ones run for alot closer to 600k, and there's at least one unrenovated one for 450 on G between 16th and 17th. "

I stand by that. I do not find that that contradicts my personal view of what that means for me - but if what I said about that being an affordability issue offends you, I withdraw it.
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Old 02-07-2013, 11:56 AM
 
361 posts, read 854,286 times
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Penn Ave. EOTR maybe has more potential. Also know of a few Black professionals who have moved to Fort Dupont and Hillcrest.
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Old 02-07-2013, 12:31 PM
 
Location: USA
8,011 posts, read 11,404,247 times
Reputation: 3454
it's not even like everything is closeby and "walkable" in anacostia.
everything is a hike. anyway, how long do you think it would take
for you to pay off a $400,000 house? be realistic.
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