Sure, idjits are still buying McMansions; but lookee here: A sample of houses sold last week tells you a promising story: The two McMs had to take well over a hundred thousand off their asking prices, while the smallish house on Bayard Boulevard went for $56,000 over the asking price.
March 11th, 2020 at 9:15AM
I wonder if the antlers and deer frontals on the front wall of the Charlcote Road house are included in the selling price. Nice designer touch!
March 11th, 2020 at 9:25AM
Polish Peter: LOL. Speaks volumes about my home town that a house that looks like that goes for 775,000…
March 11th, 2020 at 9:48AM
It’s the whole DC area housing market. Our daughter, son-in-law, two grandchildren, an au-pair, and two dogs live in a rented Arlington townhouse. Despite having good incomes, they can’t afford to buy anything that would be an upgrade on their current tight quarters (although good location.) If they’d been raised in communist Poland, they would think what they have is spacious, but unfortunately, they grew up in comfortable bourgeois suburban residences. Nonetheless they have made choices and are sanguine about them.
March 12th, 2020 at 12:07PM
Having grown up in the San Franscisco Bay Area, and living in The City for years, it was a gut punch witnessing formerly working class/middle class neighborhoods turned into gentrified “trendy” areas, that had no connection to economic reality.
My son works and lives in San Francisco, and one of our last visits, we did a walking, eating tour of the city. He asked about the area called “South Of Market,” which is a section of the town which had become gentrified, stultified, and ridiculously pricedified. There was no SOMA when I was a kid, so we took a walk. It was partly composed of The Tenderloin, San Francisco’s Skid Row. They plopped yuppy/techie filled monstrosities in one of the worst areas of the West Coast, came up with some realtor marketing scheme, and watched as yobbs overbid asking prices on condos to near $1 million. And the plan is to build more! Who the hell thinks this is a good idea?