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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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Draft DOJ report accuses DC police of manipulating crime data

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Draft DOJ report accuses DC police of manipulating crime data


The Justice Department has notified D.C.’s Metropolitan Police Department that it completed its investigation into whether members of the department manipulated crime data to make crime rates appear lower, sources tell News4.

Multiple law enforcement sources familiar with the matter tell News4 that DOJ will release its findings as early as Monday.

A draft version of the report obtained by News4 describes members of the department as repeatedly downgrading and misclassifying crimes amid pressure to show progress.

MPD’s “official crime statistical reporting mechanism is likely unreliable and inaccurate due to misclassifications, errors, and/or purposefully downgraded classifications and reclassifications. A significant number of MPD reports are misclassified,” the draft report says.

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Investigators spoke with more than 50 witnesses and reviewed thousands of police reports, the draft report says. Witnesses described a change under Chief of Police Pamela Smith.

“While witnesses cite misclassifications and purposely downgraded classifications of criminal offenses at MPD for years prior, there appears to have been a significant increase in pressure to reduce crime during Pamela Smith’s tenure as Chief of Police that some describe as coercive,” the draft report says.

The draft report faults a “coercive culture” at in-person crime briefings held twice a week.

“The individuals presenting are denigrated and humiliated in front of their peers. They are held responsible for whatever recent crime has occurred in their respective districts. For instance, if a district had a homicide and numerous ADWs over a weekend, Chief Smith would hold the Commander of that district personally responsible,” the draft report says.

Smith announced this week that she will step down from her position at the end of the month. News4 asked her on Monday if she is leaving because of the allegations and she said they didn’t play into her decision.

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The DOJ review is one of two that were launched in relation to MPD crime stats, along with a separate investigation by the House Oversight Committee.

Both MPD and Mayor Muriel Bowser’s office have been given copies of the report. They did not immediately respond to inquiries by News4. The U.S. Attorney’s Office for D.C. also did not immediately respond.

News4 was first to report in July that the commander of MPD’s 3rd District was under investigation for allegedly manipulating crime statistics on his district. Cmdr. Michael Pulliam was placed on leave with pay and denied the allegations. The White House flagged the reporting.

“D.C. gave Fake Crime numbers in order to create a false illusion of safety. This is a very bad and dangerous thing to do, and they are under serious investigation for so doing!” President Donald Trump wrote on social media.

Trump has repeatedly questioned MPD crime statistics. He put News4’s reporting in the spotlight on Aug. 11, when he federalized the police department. He brought up the allegations against Pulliam at a news conference, and the White House linked to News4’s reporting in a press release titled “Yes, D.C. crime is out of control.”

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A D.C. police commander is under investigation for allegedly making changes to crime statistics in his district. News4’s Paul Wagner reports the department confirmed he was placed on leave in mid-May.

D.C. Police Union Chairman Gregg Pemberton told NBC News’ Garrett Haake this summerthat he doubts the drop in crime is as large as D.C. officials are touting.

“There’s a, potentially, a drop from where we were in 2023. I think that there’s a possibility that crime has come down. But the department is reporting that in 2024, crime went down 35% — violent crime – and another 25% through August of this year. That is preposterous to suggest that cumulatively we’ve seen 60-plus percent drops in violent crime from where we were in ’23, because we’re out on the street. We know the calls we’re responding to,” he said.

In an exclusive interview on Aug. 11, News4 asked Bowser about the investigation.

“I think that what Paul’s reporting revealed is that the chief of police had concerns about one commander, investigated all seven districts and verified that the concern was with one person. So, we are completing that investigation and we don’t believe it implicates many cases,” she said.

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D.C. Chief of Police Pamela Smith will step down at the end of the month after heading the department for less than three years. She spoke about her decision and whether tumult in D.C. including the federal law enforcement surge and community outrage over immigration enforcement played a role. News4’s Mark Segraves reports.



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Senators Seek to Change Bill That Allows Military to Operate Just Like Before the DC Plane Crash

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Senators Seek to Change Bill That Allows Military to Operate Just Like Before the DC Plane Crash


Senators from both parties pushed Thursday for changes to a massive defense bill after crash investigators and victims’ families warned the legislation would undo key safety reforms stemming from a collision between an airliner and Army helicopter over Washington, D.C., that killed 67 people.

The head of the National Transportation Safety Board investigating the crash, a group of the victims’ family members and senators on the Commerce Committee all said the bill the House advanced Wednesday would make America’s skies less safe. It would allow the military to operate essentially the same way as it did before the January crash, which was the deadliest in more than two decades, they said.

Democratic Sen. Maria Cantwell and Republican Committee Chairman Sen. Ted Cruz filed two amendments Thursday to strip out the worrisome helicopter safety provisions and replace them with a bill they introduced last summer to strengthen requirements, but it’s not clear if Republican leadership will allow the National Defense Authorization Act to be changed at this stage because that would delay its passage.

“We owe it to the families to put into law actual safety improvements, not give the Department of Defense bigger loopholes to exploit,” the senators said.

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Right now, the bill includes exceptions that would allow military helicopters to fly through the crowded airspace around the nation’s capital without using a key system called ADS-B to broadcast their locations just like they did before the January collision. The Federal Aviation Administration began requiring that in March. NTSB Chairwoman Jennifer Homendy called the bill a “significant safety setback” that is inviting a repeat of that disaster.

“It represents an unacceptable risk to the flying public, to commercial and military aircraft, crews and to the residents in the region,” Homendy said. “It’s also an unthinkable dismissal of our investigation and of 67 families … who lost loved ones in a tragedy that was entirely preventable. This is shameful.”

Senate Majority Leader John Thune said he is looking into the concerns but thinks they can be addressed by quickly passing the aviation safety bill that Cruz and Cantwell proposed last summer.

“I think that would resolve the concerns that people have about that provision, and hoping — we’ll see if we can find a pathway forward to get that bill done,” said Thune, a South Dakota Republican.

The military used national security waivers before the crash to skirt FAA safety requirements on the grounds that they worried about the security risks of disclosing their helicopters’ locations. Tim and Sheri Lilley, whose son Sam was the first officer on the American Airlines jet, said this bill only adds “a window dressing fix that would continue to allow for the setting aside of requirements with nothing more than a cursory risk assessment.”

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Homendy said it would be ridiculous to entrust the military with assessing the safety risks when they aren’t the experts, and neither the Army nor the FAA noticed 85 close calls around Ronald Reagan National Airport in the years before the crash. She said the military doesn’t know how to do that kind of risk assessment, adding that no one writing the bill bothered to consult the experts at the NTSB who do know.

The White House and military didn’t immediately respond Thursday to questions about these safety concerns. But earlier this week Trump made it clear that he wants to sign the National Defense Authorization Act because it advances a number of his priorities and provides a 3.8% pay raise for many military members.

The Senate is expected to take up the bill next week, and it appears unlikely that any final changes will be made. But Congress is leaving for a holiday break at the end of the week, and the defense bill is considered something that must pass by the end of the year.

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Bill would rename former Black Lives Matter Plaza for slain conservative activist Charlie Kirk – WTOP News

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Bill would rename former Black Lives Matter Plaza for slain conservative activist Charlie Kirk – WTOP News


A South Carolina Republican Congresswoman wants to rename a well-known stretch of 16th Street NW in D.C. after slain conservative activist Charlie Kirk.

A South Carolina Republican Congresswoman wants to rename a well-known stretch of 16th Street NW in D.C. after slain conservative activist Charlie Kirk.

Rep. Nancy Mace introduced legislation Wednesday to designate the area once known as “Black Lives Matter Plaza” as the “Charlie Kirk Freedom of Speech Plaza.” The proposal comes three months after Kirk was killed while speaking at a free-speech event at a Utah college.

Mace said the change would honor Kirk’s commitment to the First Amendment, calling him “a champion of free speech and a voice for millions of young Americans.” Her bill would require official signs to be placed in the plaza and updates made to federal maps and records.

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In a statement, Mace contrasted the unrest that followed George Floyd’s killing in 2020, when the plaza was created, with the response to Kirk’s death, saying the earlier period was marked by “chaos and destruction,” while Kirk’s killing brought “prayer, peace and unity.”

She argued that after Floyd’s death, “America watched criminals burn cities while police officers were ordered to stand down,” adding that officers were “vilified and abandoned by leaders who should have supported them.”

But D.C. Del. Eleanor Holmes Norton pushed back, saying Congress should not override local control.

“D.C. deserves to decide what its own streets are named since over 700,000 people live in the city,” Norton wrote on X. “D.C. is not a blank slate for Congress to fill in as it pleases.”

The stretch of 16th Street was originally dedicated as Black Lives Matter Plaza in 2020 following nationwide protests over Floyd’s death. Earlier this year, the city removed the mural.

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D.C. Mayor Muriel Bowser’s office declined to comment on the bill, as did several members of the D.C. Council.

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