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Visitor
Ramana
Posts: 2
Registered: ‎12-05-2012
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Is DC Real Estate good for Investment?

 
Redfin Senior Agent
philip-gvinter
Posts: 553
Registered: ‎05-18-2010
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Re: Is DC Real Estate good for Investment?

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?

Philip Gvinter | Redfin | Listings DC Team Lead
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Super Contributor
RFAddict
Posts: 235
Registered: ‎10-26-2010
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Re: Is DC Real Estate good for Investment?

Maybe...

Visitor
Ramana
Posts: 2
Registered: ‎12-05-2012
0

Re: Is DC Real Estate good for Investment?

Yes please. Combination of rental as well as appreciation.

Contributor
GoldenEagle
Posts: 24
Registered: ‎06-05-2012
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Re: Is DC Real Estate good for Investment?

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?

Regular Visitor
kyle0353
Posts: 9
Registered: ‎08-05-2012
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Re: Is DC Real Estate good for Investment?

No - people act like DC is the Shangri-la of living, but it is far from it.