As interest rates begin to cool off for the first time in a few years, prospective “first time homebuyers” may have their wheels spinning again about whether it’s a good idea to buy a home. Still, the idea of home ownership may feel out of reach for some; historically, the prevalence of homeowners has been low in certain subsets of the population. It wasn’t until the 1900’s that laws were enacted to grant women and people of color equal access to property ownership:

1968: The Fair Housing Act prohibited discrimination in home buying, homeownership, and rental real estate based on sex, race, religion, and other protected classes. 

1974: The Equal Credit Opportunity Act (ECOA) prohibited discrimination in consumer credit practices based on sex, marital status, and other factors. This made it easier for women to buy homes by allowing them to apply for loans and credit without a male co-signer. 

Even with these laws in place, socioeconomic disparities and lack of access to generational wealth have slowed progress in this area. Generational wealth occurs when resources are passed on to family members when the family homeowner or the head of household passes away. In areas like D.C. this type of asset can be worth hundreds of thousands of dollars, and can be used to pay off student loans, help younger members of the family purchase their first or second homes wherever they live, or be invested in other ways. 

While this may have been the key to buying property in the past, people today are pursuing homeownership for themselves and their own means — especially women. Many real estate agents in the D.C. metro area can testify that they are working with individuals who are the first in their family — and often the first woman in their family — to buy a home. The days of waiting until marriage to invest in property are slipping away; these days people marry later, may not stay married, or may choose not to marry at all. “I didn’t consider buying a home at first, because I didn’t really see myself as a “typical” homeowner; I was single and wasn’t sitting on a stockpile of cash,” says Jordyn White, a D.C. resident who bought her first home at 29. “A trusted friend encouraged me to explore first-time homebuyer programs, and I’m glad I did. My monthly mortgage payment is similar to what I would likely pay to rent in the same area, and now I have created a path to generational wealth for my children.”

The rates of homeownership for people of color and women are steadily rising. A 2023 Pew Research Center survey using 2022 census data found that single women owned 58 percent of the nearly 35.2 million homes owned by unmarried Americans, while single men owned 42 percent. Single homeowners have peace of mind in knowing that they own assets by themselves.  

Compass real estate agent Katri Hunter has helped many of her clients buy their first home. She reports, “I find more and more that I have single clients that approach me in their early/mid-30’s and say that they thought they would be buying their first property with a significant other and then decided to take things into their own hands … I tell people all the time to consult an estate planner when and if they do decide to get married to discuss pre-marital assets and keeping those in their own name. I think people really take more pride and ownership buying property on their own rather than something they dread.”

Katri Hunter can be reached at [email protected]. Joseph Hudson is a referral agent with Metro Referrals. He can be reached at 703-587-0597 or [email protected]

Ritzy versus rugged: you choose.

Like forlorn lovers, two iconic vehicles showcase the strengths—and weaknesses—of growing up on different sides of the track.

The revered Jeep Wrangler, first introduced in 1986, traces its roots to the rugged Jeeps of World War II. Believe it or not, one Jeep—dubbed “Old Faithful”—was actually awarded a Purple Heart after surviving the Guadalcanal beach landing. 

Then there’s the refined Mercedes E-Class wagon, a high-society hauler. The German automaker debuted its first modern station wagon in 1977 but can boast lineage dating back to Karl Benz’s first patented car in 1886. Ritzy doesn’t begin to describe today’s sensuous ride.

So, beauty or the beast? Trust me, it’s not an easy choice.  

JEEP WRANGLER RUBICON 392 FINAL EDITION

$102,000

MPG: 13 city/16 highway

0-to-60 mph: 4.2 seconds

Cargo capacity: 72 cu. ft. 

PROS: Kick-ass power. Butch cred. Collector’s edition. 

CONS: High ground clearance. High price. Highly impractical.

IN A NUTSHELL: Wranglers are known for their all-terrain prowess, but the rough-and-tumble Rubicon trim is the most off-road-capable Jeep ever produced. This Wrangler arrived in 2003, the year Angelina Jolie drove a Rubicon in her second Lara Croft action flick, which led to a special-edition “Tomb Raider” model. Jeeps also played a role in “MASH,” “Clueless” and “Jurassic Park,” as well as “Gilmore Girls,” “Band of Brothers” and “Dukes of Hazzard” (cue Daisy Duke’s beloved “Dixie”).

But now you can star in your own life with the most wicked Jeep of all: the Wrangler Rubicon 392 Final Edition. The renowned Hemi V8 engine—the heart of muscle cars like the Dodge Charger and Challenger—is being phased out, and the Hemi-powered Rubicon is next on the chopping block. But instead of sunsetting later this year, the in-your-face Final Edition has proved so popular that its exit has been extended through 2025. 

 It’s easy to see why: Press the ignition button and a thunderous roar from the dual-mode exhaust system is enough to wake the dead. With 470 horsepower, this beast screeches from 0 to 60 mph in just 4.2 seconds. 

Bronze 17-inch wheels are paired with thick 35-inch tires, boosting ground clearance to 13.3 inches. That’s more than twice as high as most SUVs, which means climbing—and I do mean climbing—in and out of this vehicle can be a challenge. It was a source of pride to finally step up into this Jeep without looking like a complete klutz. 

 Inside the no-nonsense cabin are 12-way power seats with gold stitching and an exclusive medallion on the shifter. A commemorative plaque is on the Mopar swing gate, which has a built-in table for roadside picnics. There’s also an 83-piece toolkit. And if you deflate the tires for heavy-duty off-roading, an optional on-board air compressor will inflate the tires back up again. 

But my fave feature is the automatic retracting roof, which is just as classy—but much quicker to operate—than fancy-schmancy tops on most high-end convertibles.  

MERCEDES E-CLASS STATION WAGON

$76,000

MPG: 22 city/31 highway

0-to-60 mph: 4.6 seconds

Cargo capacity: 64 cu. ft.

PROS: Sleek styling. Cushy cabin. Heavenly handling.

CONS: Lotsa SUV competitors. Irritating infotainment system.

IN A NUTSHELL: The Jeep Wrangler may be all brawn, but the Mercedes E-Class station wagon is a complete brainiac. Think “nerd chic,” with loads of high-tech wizardry hidden beneath shapely sheet-metal. 

Promoted as an all-terrain vehicle, with air suspension to raise and lower the chassis, this wagon deftly wends its way over rutted backroads or rolling meadows. And the 360-degree surround-view system includes a “transparent” view, which relays images from various camera angles to the dashboard monitor so that you can see what you’re driving over in real time. 

But the elegant E-Class is finest on city streets. A long wheelbase—over 16 feet—ensures smooth sailing in what is truly a land yacht, with plenty of legroom and rear cargo space. And the 375-horsepower V6 turbo is no slouch, proving to be almost as fast as the Hemi-infused Wrangler. The Mercedes engine positively purred during normal driving but growled when I stomped on the gas. 

An exquisite cabin showcases the latest electronics, including a 12.3-inch gauge cluster, 14.4-inch infotainment touchscreen and optional 12.3-inch front-passenger display. The 21-speaker Burmester stereo is mic-dropping amazing, putting concert-hall acoustics to shame. And this wagon can become a 5G wireless hotspot, which really boosts connectivity. 

My only beef: The less-than-intuitive entertainment system, which left me struggling as I repeatedly swiped back and forth to try and land on my preferred Sirius stations. In the end, it was easier to use the very capable voice-activation system instead.

Overall, both the Mercedes wagon and Jeep Wrangler Rubicon 392 boast plenty of power and panache. They just haul your ass in very different ways. 

Maintaining a safe and healthy environment for your tenants is a top priority as a landlord in the District of Columbia. One critical aspect of this responsibility is ensuring the water in your rental properties is free from lead contamination. The “Lead-Free DC” initiative, led by DC Water and supported by the District of Columbia, offers an excellent opportunity for landlords to replace old lead service lines and contribute to the broader effort of safeguarding public health.

Why Lead-Free Water Matters

Lead exposure is a serious health concern, particularly for young children and pregnant women. However, even in rental properties where no small children currently reside, lead in drinking water poses an ongoing risk to all occupants. Long-term exposure to lead can lead to various health issues, including cognitive impairment, cardiovascular problems, and developmental delays. As such, addressing lead pipes is not just a matter of compliance but a strategic investment in the long-term value and safety of your property.

Resources Available to Landlords

The District of Columbia, through DC Water’s “Lead-Free DC” initiative, provides several resources to help landlords replace lead service lines:

1. Free Pipe Replacement: DC Water offers free replacement of lead pipes on public property, such as the pipes running under streets and sidewalks. This service is available to all property owners, including landlords, and significantly reduces the cost burden of making your rental property lead-free.

2. Partial Replacement Assistance: For lead pipes on private property (e.g., those running from the property line to your building), DC Water offers partial financial assistance. The cost to replace these pipes is typically shared between DC Water and the property owner, reducing the overall expense.

3. DC Lead Pipe Replacement Assistance Program (LPRAP): This program specifically helps low-income residents replace lead pipes on their property at no cost. While it primarily targets homeowners, landlords with qualifying properties may also benefit from this program.

4. Federal Programs: The U.S. Environmental Protection Agency (EPA) and the Department of Housing and Urban Development (HUD) provide grants and low-interest loans to property owners for lead hazard reduction, including pipe replacement. These programs can further alleviate the financial burden associated with removing lead from your rental properties.

Strategic Value of Going Lead-Free

Investing in lead pipe replacement is a strategic move that offers significant long-term benefits:

• Increased Property Value: As awareness of lead-related health risks grows, properties with modern, lead-free infrastructure are likely to become more desirable and command higher market values.

• Tenant Retention and Attraction: Tenants increasingly prioritize health and safety in their living environments. A lead-free property can be a key selling point, helping you retain current tenants and attract new ones.

• Regulatory Compliance: As regulations surrounding lead in drinking water continue to tighten, staying ahead of the curve can save you from potential legal issues and costly retrofits in the future.

• Community Contribution: By participating in the “Lead-Free DC” initiative, you are not only protecting your tenants but also contributing to the broader effort of making the District of Columbia a healthier place to live.

Understanding Potential Costs

While much of the pipe replacement work is covered by DC Water and other programs, there may be some additional costs to consider. For example, once the old lead pipes are removed, the area where the pipes were accessed might need restoration. This could include patching up driveways, sidewalks, or landscaping around the foundation of your property. Although these costs are relatively minor compared to the health and safety benefits, it’s essential to budget for them when planning the work.

A “No-Brainer” Decision for Landlords

Replacing lead pipes is more than just a necessary update—it’s a no-brainer decision that will pay dividends in the long run. The peace of mind that comes from knowing your rental property is free from lead risks is invaluable, and the potential increase in property value and tenant satisfaction makes it a wise investment.

Take advantage of the resources available through the “Lead-Free DC” initiative and other programs to ensure your rental properties offer safe, lead-free water for all tenants, now and in the future.

Further Access Information for Readers:

DC Water – Lead-Free DC Program:

https://www.dcwater.com/resources/lead

This page provides detailed information about the Lead-Free DC initiative, including how to apply for pipe replacements and available assistance programs.

DC Water – Lead Pipe Replacement Assistance Program (LPRAP):

https://www.dcwater.com/lprap

This page offers insights into the Lead Pipe Replacement Assistance Program, focusing on how low-income property owners can receive help in replacing lead pipes.

EPA – Lead in Drinking Water:

https://www.epa.gov/ground-water-and-drinking-water/basic-information-about-lead-drinking-water

This URL covers essential information on the risks of lead in drinking water and federal programs available to help property owners.

Scott Bloom is owner and Senior Property Manager of Columbia Property Management. For more information and resources, go to ColumbiaPM.com.