District Of Columbia Free Payday Loans

Question: Is land limited in the district of columbia?

(Posted by: on 2011-12-24 08:08:11)

Is land limited in Washington D.C. I am getting interested in real estate. I live in Hawaii and land is limited, therefore the value will most likely always appreciate. Manhattan is also limited land because its an island like Hawaii except a bridge connects it to mainland N.Y. There are places in the mainland that is cheap in states like Arizona, Nevada, Colorado, ect and there are more land in these areas therefore its much harder for land to appreciate due to the laws of demand. I heard D.C. is a good place to invest in properties and its much affordable than Honolulu or Manhattan but is the land limited like the 2 cities I mentioned? then if thats the case is land most limited in D.C.

Posted by: Glenn S on 2011-12-24, 08:15:57

DC is a high crime city and there are many undesirable places there. You need to be extremely cautious when buying there.

Posted by: rtfm on 2011-12-24, 08:19:08

Property is extremely limited in much of DC. The only places that are likely to be for sale are in ... less than desirable areas. There are many parts of the District where it's not safe to be out at night.

Posted by: Paul D on 2011-12-24, 08:19:27

The borders of the District of Columbia are fixed, it's not getting bigger. Maryland and Virginia will not be giving up any territory to let DC expand.

Posted by: Common Sense on 2011-12-24, 09:00:31

Land is limited everywhere. They're not making any more .

Posted by: linkus86 on 2011-12-24, 13:05:54

Land is limited in DC, but rents increase based upon demand, not limited availability. DC for example has a lot of crime and as a result many do not choose to live there. So if the demand to live in DC is low, the rents decrease. Hawaii is often considered paradise, yet not without its own problems, they desire to live there is very high. Supply side economics is not applicable in real estate but the basic supply and demand is.