and i was right
Our decision to not buy a house this year was made easily for us after I wrote about the zombie house a while back. I wrote that I didn't want to participate in this real estate market with its overpriced properties. Lots of people have scolded me, telling me you just have to buy and stop throwing away your money on renting. That choosing the city lifestyle when you can't afford to own is stupid. That you just have to do it!
Guess what? I knew I was right and this article from today's Washington Post proves it:
Rents Rise as Apartment Market Is Squeezed
The apartment market in the Washington area has become one of the tightest in the country, and rents are rising briskly as some affluent residents decide to rent rather than buy in what they fear is an inflated real estate market.
So there! I found it really interesting that all of these condos are being turned into apartments because people are deciding not to buy in this market.
Comments
But you weren't planning on buying the DC market anyway, right? I thought your focus was in MD?
Not that MD is any better, mind you. We still have a house in our hood with a for sale sign on it, the one I told you about.
Posted by: Laura | July 6, 2006 8:05 AM
it is all the same. the houses we were looking at were all in maryland. that house is prolly still for sale because it is over priced.
Posted by: tina | July 6, 2006 8:14 AM