Are investors pricing out the low and middle class in DC??

[Rhonda Harrison]

DC is a tough market for first time low income homebuyers and increasingly so for those in the middle class. What are your thoughts on the impact of investors buying properties and selling them and price points too high for the low and middle class? Are we displacing hard working families? Are we making homeownership more difficult for middle class people to achieve? Thoughts?

[Russell Brazil]

The DC area has a HUGELY wide array of price points.  People can buy at almost any price point imaginable from $50k to tens of millions.  Now you wont get a cheap property in Bethesda, but there are plenty of affordable locations in the metro area.