Photo from PoPville Flickr user awmiller
“Dear PoP,
My fiancée and I have been looking for houses for a year now. Petworth is one of our 1st neighborhood choices as we love the balance between urban convenience and green space/parks (we have been looking at houses below Allison St). However, our search has been very frustrating as we have lost house after house to real estate investor who swoop in and offer all cash (I think we have submit and lost offers on 10+ homes now). We have offered over the listing price multiple times now but cash rules everything around us(?). We have since expanded our search to include other “edge” or developing neighborhoods but it is definitely a city-wide trend. From a neighborhood perspective, I guess it is a good thing (depending who you speak to) because investors will make improvements and then flip the house to others, thus improving the housing stock of a neighborhood and driving up home values but we can’t seem to win even though we have what I think to be an adequate budget (up to $450k) for the area.
I don’t know who these investors are (I have created a mental image of a Porsche convertible driving, latte sipping, sun glass wearing, Louis Vutton bag holding, toy poodle having, trust fund baby to help me cope) but in all reality it has been pretty sobering.
I guess my question is, are there any other aspiring home owners out there feeling the same frustration and does anyone know when a regular Joe with financing and not cash will be able to win?”
I feel like I have heard similar stories in Petworth, Columbia Heights and Bloomingdale. To be honest I’m shocked that you have been unable to close on a property in Petworth for $450k. I hope that if you persevere the right home will come through for you. But for others out there shopping around, have you noticed that developers/flippers are getting all the “good” homes?
Recent Stories
From an email: “This month, I’ll be hosting free bike maintenance/repair classes and offering free basic bike repairs at the Adams Morgan Ace Hardware.
Thanks to Chris for sending this great shot from Harvard and Adams Mill. Friends of the White Whale Society is brought to you by the team behind Hawks*** around Town….
“Dear PoPville, What’s going on with Capital One Arena? How come so many artists are choosing CFG Bank Arena in Baltimore over the 6,000 extra seats at CapOne that has…
“This is Boop. She lives in LeDroit Park. She enjoys napping.” If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’…
Good news, D.C. area. You can save money on your next home cleaning with Well-Paid Maids. It’s easy!
We offer a discount when you set up recurring cleans — and the discounts just increased this week!
For weekly cleans, get $30 off each cleaning.
Potomac Harmony is Back! Following a gap year of competing, then virtual rehearsals during the pandemic, followed by the well-earned retirement of our long-term director, a year of a director search, Potomac Harmony hit the regional contest stage in Concord, North Carolina in March for the first time since 2018! It was exhilarating, reaffirming, and rewarding!
The chorus hit all of its goals, the biggest of which was to have fun and sing our best on contest stage — we did both! Because we earned a score over 400 points, our new Director, Allison Lynskey, was awarded the Novice Director award, photo above. Additionally, one of our charter members, Jackie Bottash, was nominated for and honored with the Leadership Excellence award. It was a celebratory weekend!
What’s next? So much! We now look forward to upcoming performances, growing our membership, and expanding our musical product with new arrangements and an education component each week. It’s an exciting time to be part of this ever-growing ensemble!
St Mary Armenian Church Annual Spring Food Festival
Come hungry and leave happy! Experience culture, community, and cuisine all in one place. See you at the festival!!!!
Comedy Cabaret
Kick up your heels at Bad Medicine’s COMEDY CABARET extravaganza at the DC Improv Comedy Club on Tuesday, May 21st. Revel in the sights and sounds of this entertaining musical revue, with songs, dance and sketch comedy that will have
