PQ Condo Leased Up For Lease For $30K During Inauguration
Thanks to an anonymous PQL reader for sending in this tip: A one-bedroom condo in the Penn Quarter has reportedly been leased offered to be leased for a cool $30,000 for 5 days during the Obama inauguration.
Wow.
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Let’s hope Mr Thompson’s condo board shuts down his gambit ASAP. Was there ever a bigger bag of hot air than this guy? What a phony.
there was a segment on the evening TV news featuring hotels that had regular rooms available for the inauguration period at higher than normal rates but not this $1000/night business. seeing that segment and one other neighborhood web site where a reader indicated they advertised their condo at some outrageous rate but had no responses at all tells me that people just aren’t renting their condos out en masse for outlandish rates. at least not yet.
on a side note relating to the demand side of this rental equation, I’ve seen estimates of the number of people attending the inauguration to be anywhere from 1 million to 4 million. that’s a huge spread so I think the real answer is no one really knows the answer.
organizers don’t even know where they’re going to park the 10,000 charter buses (this morning’s WaPo) that might come. maybe TourGuide has a few ideas…floating barges on the Washington Channel anyone?
all I know is I’ve got a great place to live to check out all the action.
I have a friend out in VA with a beautiful house overlooking the Potomac. He wants $20,000 for the week – no takers so far. I agree with Omari; these stories about huge rents for a few days are probably just fiction.
My main concern is how the “planners” expect to move two [or four] million people to & from the Mall. Even spreading the people leaving over the afternoon & early evening, if Metro can handle only 200,000 people per hour on the trains [& that’s probably too high], it could take fifteen hours or more to move the people toward home. And on January 20, with average temps in the 30s, that could be a recipe for disaster. There have been some warnings about not taking children to the event, & the troubles old people might have, but nobody has proposed any kind of solution.
Where are the people with common sense? Apparently that’s still an acute shortage in the federal & District governments.
lol 20k for a house on the potomac is very ridiculous. is your friend actually expecting anything, or just listing it for fun? like you worried though, they’d probably have to spend that time watching the inauguration inside the house since transportation is going to be HELL that week!
i’m excited to be in the middle of all the festivities and hope to have lots of fun and meet lots of interesting people that week
I have friends from out of town who tried to rent out some PQ condos. Where they were willing to pay $200 or maybe even $300 per night, they simply were unwilling to go over that amount. And the folks with the condos were unwilling to lower their price. These folks are motivated but not wealthy. And they have Inaugural seats. So my question is whether people are really getting the outrageous amounts they are asking for rent in our neighborhood?
The only thing I read was a Duke professor renting a house in Adams Morgan for 3-4k for him and some students. (I’m a little fuzzy on that story)
Wasn’t there another recent article that said there are still a bunch of DC properties available for rent? I’m not sure if I got that link here or elsewhere.
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Inaccurate. The Huff Post post says Fred Thompson is “offering to rent” his place for $30k. I have seen lots of hype on high priced rentals but no evidence that deals are actually being concluded at ridiculous prices.