Any property that can sells for more than 6X annual rent should be rented, not purchased, period.

You missed the most amazing thing about this article - the key to everything that's wrong about the entire newspaper. The story focuses on the few close-in wealthy neighborhoods in the "bubble" where the Post's editors live and communicate exclusively with other affluent Washington insiders.

The real story is buried in one paragraph in the middle - that high-end houses farther out (literally, outside the Beltway) have lost much more value than those close in. They're wailing about the losses suffered by their own little circle and ignoring the greater losses suffered by others.

(Yes, I know, the others are pretty affluent too - but that's what makes this a controlled experiment showing what's wrong with the Post's reporting. The high end of the housing market is a legitimate news topic, but it's inexcusable to write about it and concentrate almost exclusively on the portion of it where the least news is happening.)

I am glad to talk with you and you give me great help! Thanks for that,I am wonderring if I can contact you via email when I meet problems.

Right now I give the Post five years. Its shrinking before my eyes.

Let's be real, Dean: the media would sooner burn babies on the Capitol lawn than draw attention to the housing (land) bubble. The media is owned by the elite, and the elite know that a land value tax, and only a land value tax, will end their privileged lifestyles. The housing bubble, then, constitutes a very grave threat to their interests, and thus it's paramount that it be swept under the rug, and that any and every scapegoat imaginable be brought to the forefront.

That's what's going on.

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