Run on the market...get ready!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think people who moved way out have realized there are definitely downsides they didn't anticipate. Need doctors? Need schools with a good STEM teachers? Don't want to drive hours for entertainment?

They have doctors, good STEM teachers and entertainment “way out.” Whatever are you prattling on about.

I am sure that's true and the PP is being unnecessarily snarky.

But I also tend to think that there are people who moved to more rural places during the pandemic and are discovering that it's not actually what they want now. Of course a house on a little piece of land far from other people sounded good in 2020 or even early 2021. Especially in the DMV where things really did shut down for a long time and masking was really common and often culturally enforced. I don't know anyone who didn't feel, at some point during that time, "oh my god I just want to go live on a farm in the middle of nowhere."

But only a small percent of people who felt that way in 2020/2021 are actually well suited to that lifestyle. That's not a criticism of the lifestyle, just an acknowledgement that people definitely made that decision somewhat rashly and reactively during the pandemic and may now be re-evaluating just exactly wha they want.

- Signed, someone who is very glad my spouse talked me down from moving "to the country" in December 2020 and is SO GLAD we're still in our little house in a dense, walkable neighborhood where we also spent all of Covid, somewhat uncomfortably but whatever, we got through it.

I don't know how many people actually moved from inner city or inner suburbia to way out in exurbia or rural areas. That's an extreme move, even by the standards of COVID. Most people were not freaked out by COVID, more annoyed by it. Even in close in suburban areas you had your own backyard and could go for pleasant walks distanced from people, you didn't have to move out to Stafford.

The real estate boom we had during COVID had a great deal to do with collapsing interest rates. And most people leaving inner DC or any urban areas were going to local suburbs.

NP. To add to this, those of us who did leave inner suburbia for the exurbs were generally already disenchanted with being close in for reasons other than COVID. You could not pay me to move back to the inner suburb we moved away from, and that’s because my feelings about the inner suburb weren’t just COVID related.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think people who moved way out have realized there are definitely downsides they didn't anticipate. Need doctors? Need schools with a good STEM teachers? Don't want to drive hours for entertainment?

They have doctors, good STEM teachers and entertainment “way out.” Whatever are you prattling on about.

Not in the rural area I lived in. It's why we moved to the DC suburbs.

[Anonymous]

We bought for $1.3M in a beach community 2 years ago and our realtor says she can sell for $1.7M now. Maybe it's not quite the same as rural, but we're really glad we threw caution to the wind and bought.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm going to take a few wild guesses

https://www.redfin.com/VA/Nokesville/9085-Bristow-Woods-Ct-20181/home/148505498#overview

https://www.redfin.com/VA/Stafford/290-Rock-Raymond-Dr-22554/home/163375635#overview

https://www.redfin.com/VA/Fairfax-Station/11510-Suburban-Pl-22039/home/9764685#overview

https://www.redfin.com/VA/Middleburg/23424-Sally-Mill-Rd-20117/home/14368350#overview

They're all asking average of 10% more than what they paid 1-2 years ago.

Only Suburban Place is a decent house. The rest are mediocre and depressing properties. I'd sell in a heartbeat too!

Wow, yeah they all bought it less than two years ago (and some less than a year ago) between end of 21 or sometime in 22 in the middle of nowhere and now are trying to "flip" it for at least 12% more than they paid, in the middle of nowhere. Highly doubt they will be able to get those prices, now that COVID is done/not a big issue (ie people aren't trying to move somewhere far and large) and many people are being asked to return to the office (especially at places that pay decently).