Forbes Declares DC Best Place to Buy Real Estate in the WORLD!!!!

I have been saying that the Washington DC Metro area will be the best place to own property in the world during the foreseeable future.  Now I have confirmation from none other than Forbes that this is the case.

The article mentions the fact that the US Government is going to spend over $1Trillion in the immediate future on saving the country during the current economic crisis and that Washington DC will be the main beneficiary of this spending.

And for those of us in Loudoun County, we will more than certainly feel this surge in demand sooner rather than later as the Obama administration ramps up spending and programs focused on saving the economy.

Here is the complete list of the top 10 cities in the world:

1. Washington DC
2. London
3. New York
4. Tokyo
5. Shanghai
6. San Francisco
7. Los Angeles
8. Paris
9. Houston
10. Singapore

Comments

[Cashflow Cindy]

This is a great time to buy Real Estate with all of the foreclosures. Never before have we had the wonderful opportunites to purchase Real Estate at such remarkable prices. I am going to research the Washington DC area. Thank you for the wonderful investing tips!

[Life long NOVA resident not 'buying' into the hype just yet...]

Considering the S&P Case-Shiller Home Price Index shows the Washington area had a drop of 19.4% in home prices in just the last year alone, I am in no hurry to buy. Prices are still dropping, and they will continue to trend downward through most (if not all) of 2009. Even when they 'hit bottom' prices aren't going to shoot back up like they did in the bubble a few years back. Buyers aren't willing to pay over-inflated prices anymore...that's a reality that's not going change. No amount of 'stimulus' that this administration attempts to spend is going to change this mentality. Let the bubble fully deflate; the market will correct itself and move onward.

[Shawn]

So far there are mixed reviews on whether to buy real estate or to wait for the market to bottom out more. I don't think we've seen the bottom yet but if you educate yourself to buy properly in this climate there are deals that will make you more money than almost anything that you may currently be doing presently. I'm doing my research and finding these ways now. Once I'm set up properly I'll be sharing more info to help others find ways to invest as well.

http://www.inexpensiveinvestinginflorida.com/

Thanks

[wonko the sane 1]

re: Buyers aren't willing to pay over-inflated prices anymore...that's a reality that's not going change.

Really??? Give it a few years....the buyers here in NOVA will be paying over-inflated prices. But for now and the foreseeable future, prices are great if you are buying.

[Robin Smith]

Buying a property is always one of my dream. I want to buy a property somewhere in UK. I come across your blog searching in Google. Its really a nice one. Thanks lot for posting this.

http://theproperty.blogstream.com/v1/pid/412765.html

[Free and Clear]

[...] Consumer buy properties in the location having resell opportunities with payback return values [...]

[Round and Brown]

Consumer buy properties in the location having resell opportunities with payback return values

[Las Vegas Foreclosures]

DC is indeed the best place to live in.. ;)