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Washington DC Bubble? The Debate Rages

We’re a victim of our own success. A little less than three years ago I wrote an entry to this blog, titled “Washington DC Bubble?” that was fueled off of a return visit to D.C., where I lived for nine years (’89 to ’98). We were visiting old friends over Spring Break, and one of the houses next to my old place was on the market – for more than $500,000! (We’d sold our house for $228,000 in late 1998.) I went through the Nine Levels of Sellers Remorse, unable to believe how much money we’d “left on the table,” but after I calmed down, and did more thinking and more research about the DC housing market, I came to this inescapable conclusion: The Washington market was a big soapy bubble that at some point would pop.
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Original Source: www.businessweek.com