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.
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.
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”.
This makes me think of the Capital scenes from the Hunger Games.
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".
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?”
I think of it as Mogadishu on the Potomac.
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!