Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How to buy a house in D.C.ís sellersí market
Washington Post ^ | May 11, 2012 | Susan Straight

Posted on 05/15/2012 6:46:28 AM PDT by C19fan

In January, Hillary and Nicholas Fredrick’s plan to relocate from Tennessee to the District seemed to be materializing. On a whirlwind trip here, they looked at 35 houses, made an offer on the one they liked and signed a contract with the sellers.

That deal fell through when the sellers’ financing hit a snag. But when they moved here in March to begin their search anew for a house in the $500,000 to $550,000 price range, they discovered that the market had changed considerably.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; US: District of Columbia; US: Maryland; US: Virginia
KEYWORDS: dc; housingbubble; obama; realestate
It's good to be the Imperial Capital under the Obama Dynasty.
1 posted on 05/15/2012 6:46:34 AM PDT by C19fan
[ Post Reply | Private Reply | View Replies]

To: C19fan

This is just plain disgusting. A vastly over-bloated government fueling a housing war in the DC area while the rest of the country struggles to keep its head above water, their homes right side up, and food on their table.

Just plain disgusting.


2 posted on 05/15/2012 6:58:22 AM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

I live in Montgomery County Maryland and this article is nonsense. I would like to have multiple offers on my house but the fact is that this area is not booming like the article says.

Northern Virginia has some neighborhoods that are doing well. A lot depends on the school district. But in Maryland it is still difficult to sell your home.


3 posted on 05/15/2012 7:02:29 AM PDT by detective
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

The silver lining here is that this is causing the Marion Barrys of the world to freak out as their typical voter gets priced out of living in the District, raising the prospect of a sudden end to their “Chocolate City”.


4 posted on 05/15/2012 7:05:26 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

This makes me think of the Capital scenes from the Hunger Games.


5 posted on 05/15/2012 7:05:45 AM PDT by Truth29
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan
That deal fell through when the sellers’ financing hit a snag.

Sellers financing? I'd like to know the details on that. Normally, it's the buyer's financing that is the problem. Maybe the seller added a contingency to the contract that THEY had to get financing on THEIR next home...but that is way out of the norm.

'Course...the Wash Post could've meant "buyer's financing".

6 posted on 05/15/2012 7:18:28 AM PDT by moovova (OBAMA: The first US President to come out of the closet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: moovova

Maybe the sellers were going to carry the note, and that fell through for some reason.


7 posted on 05/15/2012 7:21:09 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Nervous Tick

That could be too. Thx.


8 posted on 05/15/2012 7:24:17 AM PDT by moovova (OBAMA: The first US President to come out of the closet.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Gaffer

I look forward to the day the DC suburbs are as prosperous as the democrat/labor Utopias they created around the country, such a Detroit.


9 posted on 05/15/2012 7:42:43 AM PDT by Jacquerie (No court will save us from ourselves.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Jacquerie

Seems like a collection of vultures, leeches and other sundry insecta that preys on incapacitated life.


10 posted on 05/15/2012 7:47:14 AM PDT by Gaffer
[ Post Reply | Private Reply | To 9 | View Replies]

To: detective
I live in western Fairfax County in northern Virginia. The house behind us was on the market for about six months but then ended up selling about two months ago for more than the original asking price

The scam around here is they raised the property tax as house values fell, but now they're starting to re-assess housing at higher prices. Our house went from $375K down to $350K, but is now valued at almost $400K according to our last re-financing evaluation. Our next official county tax reassessment is next year, and I'm sure I'll have to dispute the value they put on the house.

11 posted on 05/15/2012 7:55:37 AM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
[ Post Reply | Private Reply | To 3 | View Replies]

To: C19fan

My first thoughts as I read the opening of the article were, “why would anyone want to move from Tennessee to D.C., for any reason?”


12 posted on 05/15/2012 8:17:33 AM PDT by Road Glide
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan
It's good to be the Imperial Capital under the Obama Dynasty.

I think of it as Mogadishu on the Potomac.

13 posted on 05/15/2012 8:43:03 AM PDT by Moltke (Always retaliate first.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: detective

You’re right about MoCo. Nothing is selling in my beautiful, convenient neighborhood. The houses for sale are flawless, in a great school district, backing to parkland, close to shopping and commuter routes, within walking distance of the charming elementary school. Nobody is buying, partly because nobody can get a mortgage.


14 posted on 05/15/2012 9:01:46 AM PDT by ottbmare (The OTTB Mare)
[ Post Reply | Private Reply | To 3 | View Replies]

To: C19fan; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ...

Ah yes, how to take advantage of the massive, tax-and-debt-fueled wealth transfer known as Washington, DC.

Maryland Right-Next-Door “Freak State” PING!


15 posted on 05/15/2012 9:34:05 PM PDT by Tolerance Sucks Rocks (Occupy DC General Assembly: We are Marxist tools. WE ARE MARXIST TOOLS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: detective

Life’s not so good in Sanctuary County, eh? What’s gone in in MoCo is sinful.


16 posted on 05/15/2012 9:40:49 PM PDT by EDINVA
[ Post Reply | Private Reply | To 3 | View Replies]

To: Tolerance Sucks Rocks

Thanks for the ping — useful info.


17 posted on 05/16/2012 1:18:19 PM PDT by Albion Wilde ("Real men are not threatened by strong women." -- Sarah Palin)
[ Post Reply | Private Reply | To 15 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson