12-05-2012 09:46 AM
Thats a very broad question and can have many answers depending on what you see as your investment thesis.
Are you asking about is it a good investment as a rental property? About price appreciation? The combination of the two?
12-06-2012 11:07 AM
depends on the neighborhood.
more established areas in NW, you won't see robust growth...just steady year on year growth. more up and coming neighborhoods - noma, h street, waterfront, petworth, etc. - you have more upside, but it's less guaranteeed and there could be a bubble.
but overall...i say it's generally a good place to invest compared with the surrounding suburbs. if DC continues to become more dense, it'll definitely help keep property values stable and growing.
on a related note - thoughts on what happens to DC home values if Congress/POTUS eliminate the mortgage interest deduction?