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Friday Question of the Day

by Prince Of Petworth December 11, 2008 at 9:07 pm 27 Comments

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Today’s question(s) of the day is based on some recent NY Times articles. The first article I saw was titled It May Be Time to Think About Buying a House. They write:

“Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.”

This may be too simple or an impossible question to answer but do you think now is the time to buy?

Perhaps a bit more interesting – The second article from NYT was titled Location! Location! … Obama! They write:

“There have been a lot of potential buyers from Chicago quietly descending on Washington this month, according to real estate brokers. Multimillion-dollar homes have been snapped up in all-cash deals. First-time buyers have toured apartments in the fashionable neighborhoods of Logan Circle and the U Street corridor. Big-money donors have gone house-hunting in the upscale blocks of Kalorama and Georgetown.”

and

“Yes, change is coming to Washington — at least it in the real estate market, which is loosely segregated by both race and party, and thus subject to abrupt shifts in population every four or eight years.”

and

“Now as the Obama Democrats begin their move to Washington, they appear to be moving the center of power back to the district. Moneyed Democrats are still attracted to Georgetown and Kalorama, young families to Chevy Chase and Capitol Hill, and 20-somethings to Adams Morgan, U Street and Logan Circle.”

So I’m curious whether or not you agree with the above assessment? Do you think Washington’s neighborhoods are segregated by political affiliation? If so what neighborhoods do you think are associated with Republicans and Democrats? And if that’s the case – which neighborhoods have the Libertarians chosen?

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