WTOP News is reporting on their radio broadcast that the District may be adding a few taxes to real estate closings in the coming months that would add up to $2000 to the closing costs of any real estate deal in DC. I know that people are talking about a real estate bubble, and a decline in the prices, but I have to wonder whether or not the Mayor is trying to make things worse.
Anyone out there have more details on this? I googled around, and looked for the original piece on WTOP and on the Washington Business Journal site, but nothing’s coming up. Closing costs are one of those godawful crazy moments where you’ll pay pretty much anything to be done with the process, and adding $2000 to the cost seems to be some sort of extortionist measure to me.
This post appeared in its original form at DC Metblogs
I live and work in the District of Columbia. I write at We Love DC, a blog I helped start, I work at Technolutionary, a company I helped start, and I’m happy doing both. I enjoy watching baseball, cooking, and gardening. I grow a mean pepper, keep a clean scorebook, and wash the dishes when I’m done. Read Why I Love DC.
