and that’s why i’m interested in real estate. my latest kick (as of this weekend) is a new-construction condo in SE Washington. koon, blair and i were wandering around the city and we stumbled onto this opportunity right by the site of the new baseball stadium.
we’re talking about $300,000+ for a luxury 2 BR condo that, for the next 2-3 years, is uncomfortably close to the ghetto but in 5-10 years could double in value. i like doubling my money.
the other complicating factor is that very soon i will not live in or near DC. the logistics of buying and then renting a luxury condo are not really appealing. that doesn’t mean it’s not worth it, though. just a healthy pause for thought.
i also found this site for condo news and this one for information on the SE area development. cheers!
Post a Comment