The housing market in the Washington region can be a pretty daunting place for young homebuyers, particularly those who want to live closer in. I knew I wanted to help. So six months ago, I got my real estate license.
My mother has been a real estate agent for over thirty years, primarily doing business in the District. I grew up going with her to look at houses, learning my way around DC and soaking up local history one sale at a time. I vividly remember touring a corner rowhouse on North Capitol Street, near Truxton Circle, that had been turned into a rooming house: ten rooms, each occupied by a single man.
Back in 1996, that house sold for about $100,000. At the time, nobody would have guessed that Truxton Circle would become one of the region's hottest neighborhoods. Through my mother, I got to see the transformation of DC's real estate market firsthand. That house on North Capitol Street was gutted, turned back into a single-family house, fully restored, and is maybe worth a million dollars today.
On the one hand, it's exciting to watch people and investment flow back into DC and close-in areas. Part of me wants to get in on that: everyone else is making money, so why can't I?
On the other hand, I'm deeply frustrated by it. Everyone else is making money, but those flipped houses and trendy restaurants are pretty expensive. I read the now-predictable news stories about the "latest" neighborhood to "revive," as if house prices are the only vital signs of a neighborhood. I listen to my family, who emigrated here from the Caribbean in the 1970s, wonder if they still have a place in a DC that is increasingly white and affluent. And I listen to my friends, white, black, or otherwise, the ones a few years out from school and working steady jobs, also wonder if they will ever have a place here.
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| Photo by the author. |
Back in 1996, that house sold for about $100,000. At the time, nobody would have guessed that Truxton Circle would become one of the region's hottest neighborhoods. Through my mother, I got to see the transformation of DC's real estate market firsthand. That house on North Capitol Street was gutted, turned back into a single-family house, fully restored, and is maybe worth a million dollars today.
On the one hand, it's exciting to watch people and investment flow back into DC and close-in areas. Part of me wants to get in on that: everyone else is making money, so why can't I?
On the other hand, I'm deeply frustrated by it. Everyone else is making money, but those flipped houses and trendy restaurants are pretty expensive. I read the now-predictable news stories about the "latest" neighborhood to "revive," as if house prices are the only vital signs of a neighborhood. I listen to my family, who emigrated here from the Caribbean in the 1970s, wonder if they still have a place in a DC that is increasingly white and affluent. And I listen to my friends, white, black, or otherwise, the ones a few years out from school and working steady jobs, also wonder if they will ever have a place here.

