Quote:
Originally Posted by AAVC
Interesting view on "the least meteoric in rise of property values" for established neighborhoods. The way I was thinking about it is that people would want to buy in "established" neighborhoods (pocket permitting) to avoid collapse, hence, appreciation would be highest in those areas. However, it sounds like the "meteoric rise of property value" is happening elsewhere? Could you please elaborate?
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Those neighborhoods were already gentrified and didn't see the percentage of increase seen in places like Logan, Dupont, Shaw and Eastern Market for example during the home equity heydays of the 1990s. My reference was historical, not current.