This is really a personal post, but it has some connection to national events. In short — I bought a condo. I’d been keeping my eye on the local housing market for a while, anticipating that prices would come down, and in September at a time between the Fannie/Freddie bailout and the seizing up of the credit markets, I signed a deal on a one bedroom place in a new development called the “City Vista” located amidst a swathe of parking lots and brand new buildings on space that used to be parking lots that the lords of economic development are calling the Mount Vernon Triangle. The neighborhood already features a supermarket, a hardware store, a gym, a coffee shop, a liquor store, and a neighborhood blog so really what more do you need? I closed the deal yesterday, and it’s now mine, though I won’t be fully moved-in for about a week.
Consider it part of my effort to help the market “find bottom” though of course potentially the whole thing will collapse and I’ll look like an idiot a year from now.