Houston Lee said:

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Oh. And I also forgot to mention, we have had a total regime change from Biden to Trump. Team Biden folks are also moving.

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[Removed multiple X links in previous quote that clutter the thread -- Staff]

This is not normal transition cycle effect.

Investors gobbling up single family housing is possibly one of the most difficult to understand and underreported/ignored stories of the last decade.

Yes it's happening yes it's affecting local markets to varying degrees but IMO hard to find accurate reliable numbers because most Eveybody is cherry picking not just lying about data to make their point

Are they moving to Canada to get away from orange man? That way they can boo the National Anthem in peace.

AggieDruggist89 said:

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infinity ag said:

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What is the connection? People get laid off and they just pack and move out of DC?

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Everything around DC is about working with the Government. This is DC. I haven't looked at Surrounding areas.

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This is fake news. A simple visit to Zillow would show you.

Sq 17 said:

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Investors gobbling up single family housing is possibly one of the most difficult to understand and underreported/ignored stories of the last decade.

Yes it's happening yes it's affecting local markets to varying degrees but IMO hard to find accurate reliable numbers because most Eveybody is cherry picking not just lying about data to make their point

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Best way to slow this down is to quit printing money.

Sq 17 said:

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Investors gobbling up single family housing is possibly one of the most difficult to understand and underreported/ignored stories of the last decade.

Yes it's happening yes it's affecting local markets to varying degrees but IMO hard to find accurate reliable numbers because most Eveybody is cherry picking not just lying about data to make their point

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What happened in DC was investors buying single family row homes and converting them into multiple units. They would take a 3,000 square foot home that would be perfect for a family and turn it into 3 separate 1,000 square foot units. And sell those units for over $1M each.

Yes, you heard that right. You can live in 1/3rd of a row home for $1M. If you were lucky you could get the basement unit with 6 foot ceilings and no windows for $900K.

Virtually impossible to buy a single family home in DC unless you were extremely wealthy.

Thanks for the knowledge but not exactly a DC exclusive phenomenon
Lots of traditional starter family houses being converted into things that are not starter family homes

As long as there are "special interest groups" for congress man/women, then there will be a housing shortage in DC.