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Is Buying a Condo Worth it in WASHINGTON DC | 5 Reasons

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Is Buying a Condo Worth it in WASHINGTON DC | 5 Reasons


Is Buying a Condo Worth it in WASHINGTON DC

Condos enjoyed a decades-long run of popularity in the Nation’s Capital. Then this thing called Covid hit and everyone scrambled to get out to the suburbs. They wanted land and space. This was short-sighted, even without knowing how long the pandemic would last. Now that we are coming up on the four-year anniversary of the world lockdown, how has condominium ownership fared? And is it time to consider buying a condo again?

Buyers have come back to the condo market, and the condo market is embracing them. The condo was in the corner of the room, smoking a cigarette, nursing a gin and tonic and saying, “Of all the gin joints in all the town, in all the world…”

I’m going to tell you five reasons why it’s a great idea to consider buying a condo.

1) Not many other people are…yet

Who do we always quote around here? Warren Buffet – Be greedy when others are fearful and fearful when others are greedy. Since 2023 when mortgage rates started rising, we’ve seen a resurfacing in the interest in condos. Why? These are buyers who have been priced out of single-family homes. The rat race of chasing the new homes, watching the prices get bid up, the contingencies be waived, that got old after a couple years. Condos in DC basically fell off a cliff and became very difficult to sell. We’ve seen a resurgence of people coming back to reconsider a condo. Of course, city life having opened back up again has helped.

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Historically, as in, pre-covid, condos weren’t as sought after in the suburbs as they were in DC. People wanted their city-living but when they moved out to Northern Virginia or Montgomery County Maryland it was to buy a house. That’s not the case anymore in many parts of Northern Virginia. I have a client who is currently finding multiple offers on condos in places like Oakton, Reston and Herndon.

2) The Condo Market is Ready to Embrace Buyers

There is enough for sale in many areas that the buyer now has options of places to see, and choices to make. This is a good feeling when the last decade has been a time where all choices have been taken from buyers. You won’t have to settle. You can get a place that checks most if not all your boxes.

3) Escalations are Minimal

In cases where there is interest from multiple buyers, translating to multiple offers, you won’t see escalations like you used to or that you see on houses. The price escalations may go up $10,000 – $15,000. And while I get that this is money you would rather not spend, this feels like a dream compared to what things used to be like with a mass exodus of the condo market to single family homes and escalations of hundreds of thousands of dollars over asking price.

It’s also easier to “predict” what will happen on a condo escalation as opposed to houses where it was anyone’s guess if it would go up $50,000, $100,000 or $300,000.

4) Minimal Upkeep

Do you want to spend time mowing lawns, shoveling sidewalks or constantly fighting mice. Because that’s what homeownership has boiled down to for us. We don’t want to spend our time doing these things and it can be a real drag. I miss the days of dumping my trash down a chute and never seeing it again. I won’t miss not being on the email list serv for the rat patrol for our alley, where we’re reminded to put a rock on our trash cans to keep the rodents away.

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If you are back to a life of travel and leisure again, then the idea of turning the key and walking away from a condo and not needing anyone to watch it for you is pretty appealing.

5) The Lender is Your Friend

You may recall that during the whole Covid pandemic, we also witnessed the collapse of the Surfside Condo building in Miami. Things changed with lenders as a result of this, and they changed for the better. Side note – I have a couple videos on condo documents and what you should look for in reviewing them.

Long before Surfside, I would tell anyone who would listen that I despise 1980’s construction. It feels shoddy no matter where it is. My condo in DC is from the early 80’s and it’s been riddled with issues that trace back to the corners that were cut when it was built. My parents had an early 80’s condo in Florida, same thing. You can usually tell 80’s construction by its general ugliness and popcorn ceilings. Surfside was also a 1981 product.

Your lender is going to do everything in their power to ensure you don’t find yourself in a Surfside situation. They have strengthened the requirements of condos, requiring larger amounts to be set aside for reserves, engineering studies in some areas and stronger insurance requirements. In some places like Florida all eyes are on insurance and the companies and the state have gotten involved to mandate more protections for these homes. In many cases, condos are forced to replace roofs at regular increments (i.e. every 20 years) regardless of condition, otherwise their insurance company could drop them.

We’re only seeing the beginning of this in the DC Area, but I did tour a condo in Northern Virginia that had structural issues. They still had multiple offers, but whether it makes it through financing is another story. My client and I determined this was a risk not worth taking.

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Are condos going away? I vote no. They aren’t making any more land and as the population explodes, we need places for people to live. The prices on condos now are fantastic and I wholeheartedly believe their heyday is coming.

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Washington, D.C

Report: The Trumps are in talks to buy back D.C. hotel lease

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Report: The Trumps are in talks to buy back D.C. hotel lease


The Trump Organization is engaged in preliminary discussions to reclaim the lease on its former hotel in Washington, D.C., reports the Wall Street Journal. 

The hotel is currently operating as a Waldorf Astoria.

The Wall Street Journal said Trump Organization executive vice president Eric Trump met with an executive from BDT & MSD Partners at Mar-a-Lago earlier this week to discuss purchasing the lease rights to the former Trump International Hotel Washington D.C. 

BDT & MSD Partners currently controls the property’s lease, following a 2023 default and subsequent foreclosure by previous leaseholder CGI Merchant Group. The Trump Organization sold the hotel’s lease to CGI in 2022, and the hotel was reflagged as a Waldorf Astoria.

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The 263-room hotel, which occupies the Old Post Office building, opened as a Trump hotel in 2016. 

During President Donald Trump’s first presidency, the hotel was a prominent gathering spot for Republican lawmakers, lobbyists and others with business involving the administration. The property came under intense scrutiny because of ethical and legal concerns. 

The hotel has some of the largest guestrooms in the city. Top-tier accommodations include the 4,000-square-foot Presidential One Bedroom Suite and 6,300-square-foot Waldorf Townhouse Two Bedroom Bi-Level Suite.

The hotel is home to restaurants The Bazaar by Jose Andres and the Michelin-starred Sushi Nakazawa, plus 38,000 square feet of event space and a 10,000-square-foot Waldorf Astoria Spa.



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Man at the center of Washington DC ‘Pizzagate’ killed during North Carolina traffic stop

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Man at the center of Washington DC ‘Pizzagate’ killed during North Carolina traffic stop


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The man who stormed into a Washington D.C. restaurant with loaded weapons during an incident widely known as “Pizzagate” is now dead after North Carolina police shot him during a traffic stop.

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Edgar Maddison Welch, 36, was shot just after 10 p.m. last Saturday, Kannapolis Fire and Police wrote in a news release this week.

Welch is the same Salisbury, North Carolina man who in December 2016, showed up to Comet Ping Pong, a pizzeria in Washington DC., with loaded weapons to investigate “unfounded rumors concerning a child sex-trafficking ring” that was allegedly operating out of the restaurant, federal prosecutors said.

He pleaded guilty in March 2017 to a federal charge of interstate transportation of a firearm and ammunition, as well as a District of Columbia charge of assault with a dangerous weapon. 

Three months later, he was sentenced to four years in prison.

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What is ‘Pizzagate’? What happened at Comet Ping Pong?

Welch’s initial reason for making headlines in 2016 stemmed from rumors of a child sex trafficking ring allegedly operating out of the pizza restaurant he stormed into, according to the U.S. Attorney’s Office in the District of Columbia.

Rumors began circulating online that the restaurant was part of a trafficking ring operated by then-Democratic presidential nominee Hillary Clinton – a fake news campaign targeting Clinton during the general election.

Welch allegedly tried to recruit people to participate in the storming of the restaurant leading up to Dec. 4. He’d texted someone saying he was “raiding a pedo ring” and sacrificing “the lives of a few for the lives of many.”

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Prosecutors said Welch traveled from North Carolina to Washington D.C. with three loaded firearms, including a 9mm AR-15 assault rifle loaded with 29 rounds of ammunition, a fully-loaded, six-shot, .38-caliber revolver and a loaded shotgun with additional shotgun shells.

Welch parked his car and around 3 p.m., walked into the restaurant, where multiple employees and customers were present, including children, the U.S. Attorney’s Office in the District of Columbia said in a news release.

“He was carrying the AR-15 openly, with one hand on the pistol grip, and the other hand on the hand guard around the barrel, such that anyone with an unobstructed view could see the gun,” the office wrote in the news release. 

Once customers and employees saw Welch, they fled the building. Welch was also accused of trying to get into a locked room by forcing the door open, first with a butter knife and then shooting his assault rifle multiple times into the door.

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Shortly after he walked into the restaurant, an employee who had no idea what was going on walked in carrying pizza dough, federal prosecutors said. When Welch saw the employee, he turned toward the worker with the assault rifle, which made the employee think he was going to shoot them. The employee then ran out, leaving Welch alone in the restaurant. 

Welch spent more than 20 minutes inside the restaurant, then walked out, leaving his firearms inside. Officials then arrested him.

When Welch was sentenced to four years in prison, he was also ordered to serve three years of supervised release, during which he’d have to get a mental health assessment. 

He was also ordered to stay away from the Comet Ping Pong restaurant while released and to pay $5,744 in restitution for property damage.

What happened leading up to the Welch’s death?

The deadly traffic stop happened the night of Jan. 4, said Kannapolis Chief of Police Terry L. Spry in a news release. 

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Around 10 p.m., a Kannapolis Police Officer patrolling North Cannon Boulevard spotted a gray 2001 GMC Yukon. The officer recognized the vehicle because he’d previously arrested someone who frequently drove the vehicle, Welch. He also knew Welch had an outstanding warrant for his arrest, police said.

The officer stopped the vehicle and recognized the front seat passenger as Welch, who had an outstanding arrest warrant for felony probation violation, police said. While the officer was speaking with Welch, two additional officers showed up to help.

As the officer who made the traffic stop approached the passenger side of the vehicle and opened the front passenger door to arrest the individual, the passenger pulled out a handgun and pointed it at the officer. 

The initial officer and a second officer who was standing at the rear passenger side of the Yukon ordered the man to drop the gun. After the passenger failed to lower his gun, both officers fired at him, hitting him.

Officials called for medical assistance for Welch who was taken to a hospital for treatment. He was later taken to another hospital, where he died from his injuries two days after the shooting.

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None of the officers at the traffic stop were hurt and neither were the driver and back seat passenger in the vehicle with Welch.

The officers involved who fired their weapons were Officer Brooks Jones and Officer Caleb Tate. The third officer at the scene did not fire his weapon, police said.

District Attorney will decide next steps in traffic stop shooting death

An outside law enforcement agency has been requested to investigate the shooting.

“This practice ensures there is no bias during the investigation and the findings of the investigation are presented to the District Attorney without any influence by a member of the department,” the police chief wrote in the news release. 

The North Carolina State Bureau of Investigation is still investigating the shooting and the two officers who fired their weapons are on administrative leave, which the police said is standard protocol.  

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Cabarrus County District Attorney Ashlie Shanley will decide what the next steps are, police said.

Contributing: Kevin Johnson, USA TODAY

Saleen Martin is a reporter on USA TODAY’s NOW team. She is from Norfolk, Virginia the 757. Follow her on Twitter at @SaleenMartin or email her at sdmartin@usatoday.com.





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Washington, D.C

NBC Journalist Who Was Beloved in D.C. Dead At 62

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NBC Journalist Who Was Beloved in D.C. Dead At 62


Viewers and media industry professionals alike are sharing tributes to Derrick Ward, a longtime Washington, D.C., television journalist who died Tuesday at age 62.

Ward’s death followed complications from a recent cardiac arrest and was confirmed Wednesday by NBC 4 Washington (WRC-TV), where he’d been employed since 2006.

“Derrick has been an inspiration and cherished member of our family and his hometown community,” Ward’s family told the outlet in a statement that was shared during Wednesday’s broadcast. “As a distinguished journalist, Derrick’s storytelling, prolific writing, warmth and humor touched countless lives. Our children and our entire family will miss him dearly.”

As of Thursday afternoon, news of Ward’s passing had drawn an outpouring of condolences online.

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“Stunned to hear of his passing. Watched that great man for over two decades tell some riveting stories all with class, respect, and precision,” podcaster Lee Sanders wrote on X, formerly Twitter. “Well diverse and extremely talented man. Thoughts to his friends, family and colleagues. Not a good start to 2025.”

Watch an NBC 4 report on Derrick Ward’s death below.

Fox 5 DC journalist Tom Fitzgerald felt similarly, describing Ward as “one of the most pleasant people I’ve ever spent time with.”

“I’ll miss the graciousness, professionalism, kindness and glowing smile of this true gentleman,” he wrote on X. “Peace to his family, friends & NBC 4 colleagues.”

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A Washington, D.C., native, Ward began his journalism career in radio, where he covered the Sept. 11, 2001, terrorist attacks and the D.C. sniper shootings of 2003, among other major stories. He then transitioned to television reporting when he landed a gig at WKBW-TV in Buffalo, New York.

Appearing on the “Architecture Is Political” podcast in 2020, Ward recalled how his love of storytelling inspired him to pursue a career in journalism.

“I want to tell the stories of this town that I grew up in,” he said. “I like doing things that can resonate with somebody ― if you can say something or write something somewhere and it just gets someone’s attention or whatever point you’re trying to make gets off and they can say, ‘Hmmm’ or ‘Uh huh.’ It’s the same reason that people do music and other things, I guess, is to look for that resonance.”

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In addition to his professional background, Ward was known as an avid golfer and guitar player. He is survived by his three children: Derrick Jr., Ian and Marisa.



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