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Reply to "Anybody else extremely depressed over real estate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages. [/quote] Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro. Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.[/quote] +1 we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.[/quote]
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