Got $10,000 to Blow? Capitol Hill’s Inauguration Housing Bubble
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Got $10,000 to Blow? Capitol Hill’s Inauguration Housing Bubble

January 11th, 2013 by Tim Ebner · No Comments · Capitol Hill, DC

Photo by Flickr user caroline.angelo

Photo by Flickr user caroline.angelo

Here’s a deal you just can’t resist.

For a cool $10,000, you and five friends can have your very own Capitol Hill rental for inauguration weekend. But, cashier’s checks only please, or at least that’s what the Craigslist ad says:

Great 3 Bedroom, 2 Full Baths, Full Kitchen and living area, fully furnished townhouse on Capitol Hill. Comfortably sleeps 5-6 people. Available to rent for 4 nights, Friday, January 18- Tuesday, January 22. Ideally located on Capitol Hill, close to U.S. Capitol (for President Obama’s Inaugural Address), Library of Congress and other DC landmarks. Looking for $10,000 or best offer. Payment upfront required. Cashier’s Check.

Too rich for your blood?

How about this Senate Square luxury apartment? It’s yours for the long-weekend, only $7,500.

As President Obama prepares for Inauguration Day, so too does the short-term rental market. And yup, as expected, a recent search on Craigslist pulls a healthy crop of Capitol Hill apartments, condos and rowhomes available for rent. Some even go as far to throw in extras, like chef and maid services.

But, we here at The Hill is Home are inherently skeptical of these short-term rentals. After all we’re bloggers, it’s in our nature.

So we ask: Can homeowners really expect big payouts? And, renters, aren’t you just fishing for scams? Consider this your friendly warning.

Also, in this writer’s opinion, $10,000 can best be spent at an all inclusive, private island resort in the Caribbean.

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