Lyon Village - please explain

[Anonymous]

How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

[Anonymous]

Anonymous wrote:How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

You’re talking about people who want completely different things. Not a good comparison.

[Anonymous]

OP, you’re committing a basic DCUM mistake: that everything in the world is about schools, including real estate prices.

The majority of homeowners don’t have school aged kids and don’t care about schools.

[Anonymous]

There is a lot less crime in Arlington, like a lot less. What's your life worth?

[Anonymous]

Less year round camping in Arlington, that's a plus.

[Anonymous]

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

[Anonymous]

Anonymous wrote:

Anonymous wrote:How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

You’re talking about people who want completely different things. Not a good comparison.

I'm not so sure about that. Clearly people paying $3mil in Lyon Village are doing it for walkability, proximity to metro, urban amenities. For those with kids, schools (that admittedly provide HS/MS options that the Hill does not.) I'm not sure how much different crime can be compared to the area close-in on the Hill near the Capitol. The comparison to the Hill is not a specific argument for the Hill - I'm just struggling to understand the Lyon Village prices that seem so inflated for how frankly dumpy it looks on Street View. Is the extra $1mil because you have a detatched home and a yard, plus all the same walkability?

[Anonymous]

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

If crime is worth $1 mil to you, why not just buy something like this house in Arlington instead?

https://www.redfin.com/VA/Arlington/4082-Lorcom-Ln-22207/home/22983662

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

There’s certainly far less crime than on Capitol Hill, sure. But I don’t think that’s the driving factor. When a Karen asks “what’s your life worth” when referring to CH you know she’d never in a million years live in an urban center. There are people like that.

There’s a lot of crime in Logan Circle and prices are through the roof there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

If crime is worth $1 mil to you, why not just buy something like this house in Arlington instead?

https://www.redfin.com/VA/Arlington/4082-Lorcom-Ln-22207/home/22983662

You can't walk anywhere from that house and Lorcom Lane is a commuter expressway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

If crime is worth $1 mil to you, why not just buy something like this house in Arlington instead?

https://www.redfin.com/VA/Arlington/4082-Lorcom-Ln-22207/home/22983662

You can't walk anywhere from that house and Lorcom Lane is a commuter expressway.

So the Lyon Village premium is for walkability?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

There’s certainly far less crime than on Capitol Hill, sure. But I don’t think that’s the driving factor. When a Karen asks “what’s your life worth” when referring to CH you know she’d never in a million years live in an urban center. There are people like that.

There’s a lot of crime in Logan Circle and prices are through the roof there.

Ah .... I get it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

Compared to downtown DC? Yes. There’s probably noise from the bars in Clarendon though, so there’s that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

If crime is worth $1 mil to you, why not just buy something like this house in Arlington instead?

https://www.redfin.com/VA/Arlington/4082-Lorcom-Ln-22207/home/22983662

You can't walk anywhere from that house and Lorcom Lane is a commuter expressway.

So the Lyon Village premium is for walkability?

Yes. It's a quiet neighborhood with SFH that is right next to the metro and retail corridor. It's very nice, you should visit. I don't live there, FWIW.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

You’re talking about people who want completely different things. Not a good comparison.

I'm not so sure about that. Clearly people paying $3mil in Lyon Village are doing it for walkability, proximity to metro, urban amenities. For those with kids, schools (that admittedly provide HS/MS options that the Hill does not.) I'm not sure how much different crime can be compared to the area close-in on the Hill near the Capitol. The comparison to the Hill is not a specific argument for the Hill - I'm just struggling to understand the Lyon Village prices that seem so inflated for how frankly dumpy it looks on Street View. Is the extra $1mil because you have a detatched home and a yard, plus all the same walkability?

Look, I’m not one of those who is over the top worried about crime, and I’m not a big fan of Lyon Village either. We actually looked there upon being empty nesters and decided that despite it having many of the urban amenities and walkability that we were looking for, it was a little too sterile, lacking in diversity and, yes, in our opinion too expensive for what you get. But be serious: there is virtually no violent crime there, and there’s no comparison between there and Capitol Hill - or there and anywhere else in DC outside of Upper Caucasia - when it comes to crime.

When you argue otherwise you destroy your credibility.