Public Transit will bring life to rural areas

There is an article in the "express" titled "Metro Offering To Sell Property Near 2 Stations." Yes, those will be two very valuable properties - considering how everywhere close to metro is now considered desirable. The article stated that metro will use this money to fund its long-term projects. So the two location will be near the Navy Yard, near the new baseball stadium, and the second one will be in Capitol Heights. I wonder which developers are jumping at the chance - man, I wish I can be involved in one of those projects.

And if we compare DC to San Francisco - if SF is any indicator, the Navy Yard area will be booming right before our eyes from its current more run down appearance.

It is interesting to note that the "express" published this article next to the article titled "Washington Still Near Top in Job Growth Numbers." This article states that the number of jobs in DC has increased every month since June 2002, and we currently grew to more than 3 million in number of jobs. Together, this article suggests that private developments are still very desirable in the current "cooling" market. Right now, people are scared, sales and prices are down from last year - but wait - DC is still growing like crazy, hence the developers better put in their large bids now for a chance to develop these valuable pieces of land near metro stations! hidden message....hmmm....how interesting.....

Regardless - I wish I am working in the area of real estate...ahhh..... Because Greenspan is correct in his housing price indicator, this is the lowest we will see before the housing market pick up again!