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Joined 03/14/2008

Damien Hall

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I’m a real estate investor based in the Washington DC Metro area. My wife, Raquan, and I have been investing seriously for the past two years. We finally decided to stop buying “how to” real estate books and start investing.

I’ve always had a passion for real estate. Ever since I played my first game of Monopoly… there was something about owning property that seemed exciting and a lot of fun. I didn’t even mind owning Mediterranean & Baltic Avenues. The thrill of acquiring properties and building wealth made my blood boil! Now… I do it for real!

My Comments

  • Jeff: I'm not sure I
    By Damien HallSeptember 19, 2008 - 6:59am

    Jeff: I'm not sure I understand your comment. As a realtor, are you saying that homes shouldn't be purchased in this market? If someone is buying a home for the long term, then they wouldn't be as concerned about their house depreciating as much as someone who knew they needed to sell next year. The homebuyer with a long term focus should buy now as prices have dropped substantially.

  • Bill: Your point is well
    By Damien HallSeptember 15, 2008 - 2:57pm

    Bill: Your point is well taken. If you remember, Secretary Paulson said during a Senate hearing that he wanted the authority to take over Fannie and Freddie, if needed. When asked if he would exercise that authority he said that he didn't think it necessary. Just the 'authority' alone would stablize the markets. Then Monday, Sept 8th, comes and Christopher Dodd is surprised to hear the news that Fannie and Freddie are being taken over by the government. Everything is always fine to the people at the top, but behind closed doors it's a mess! That's what makes a lot of people hesitant and any downward movement in the market puts people in a panic.

  • @Brian I absolutely agree
    By Damien HallJuly 24, 2008 - 7:46am

    @Brian I absolutely agree with your post. MLSs should be more lenient in how they manage data. In this market, certain data shouldn't be protected... it should be shared. This will give brokers and agents the edge when servicing their clients. After all, all clients want premium service. www.TheDCInvestor.blogspot.com