Let's play a game. I'm giving you $3m

[Anonymous]

Anonymous wrote:Where would you buy/build a house in the DC area?

Personally I'd buy that land on klingle and build a fabulous house surrounded by trees but still in the hear of the city. Alas that property has been sold and I'd never be able to afford t anyway.

Or a ultra modern condo in Penn quarter.

Hill East, it's just so walkable!

[Anonymous]

I'd take about 1m to pay off and expand/improve my existing 2-story 1930s colonial, 1m to buy a house on Cape Cod, and invest the remaining 1m. Down the line I'd use the 3rd 1m for nice vacations, private school, college, and a new and bigger car.

[Anonymous]

Macomb or Newark St.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'd keep my house in SS and add a 2nd level with a master suite. I'd consider buying or renting an apt downtown for during the week to reduce my commute, but then my kids would have a commute to school.

With $3M you would live in SS?? BS!

What's wrong with that? Ever heard of Warren Buffett?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd keep my house in SS and add a 2nd level with a master suite. I'd consider buying or renting an apt downtown for during the week to reduce my commute, but then my kids would have a commute to school.

With $3M you would live in SS?? BS!

What's wrong with that? Ever heard of Warren Buffett?

I thought all $3m had to be spent on real estate (and was after-tax). If not, I wouldn't spend more than $1.2 total. But if you were to actually spend $3m on real estate in silver spring (without developing), you're nuts.

[Anonymous]

I would stay in our neighborhood in Bethesda, buy the expanded and renovated house behind us, and move into it. Then I would tear down our tiny old house to have a big yard. Maybe the next door neighbor's house too, for a really huge yard. Then I would take what was left and build myself a vegetable garden with underground irrigation, so I could stop having to drag the damn hose around to water all my vegetables. And I'd build an outdoor run for the cats.

[Anonymous]

Move back home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd keep my house in SS and add a 2nd level with a master suite. I'd consider buying or renting an apt downtown for during the week to reduce my commute, but then my kids would have a commute to school.

With $3M you would live in SS?? BS!

What's wrong with that? Ever heard of Warren Buffett?

I think the PP is probably jealous that you're happy where you are.

[Anonymous]

Somerset, CC Village, or Kenwood.

[Anonymous]

I'd buy a McMansion in PG County.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd keep my house in SS and add a 2nd level with a master suite. I'd consider buying or renting an apt downtown for during the week to reduce my commute, but then my kids would have a commute to school.

With $3M you would live in SS?? BS!

What's wrong with that? Ever heard of Warren Buffett?

I think the PP is probably jealous that you're happy where you are.

I'm the SS pp. I love my house, my neighbors, and my community. Almost all my friends are within walking distance. My kids are in school nearby and I wouldnt want to move them. I might make the house a little bigger, but otherwise, I wouldnt move. I would finally redo the closets and replace the blinds though

[Anonymous]

Mclea- oh wait, hell no! A nice home in Forest Hills

[Anonymous]

What is your question OP, I don't get it. Are you asking what would people do with the networth of 3 mil and how they would allocate it? Or are you asking what people would buy as far as RE is concerned if they had 3 mil to spend purely on housing? If people have 3 mil to spend purely on housing, then obviously their networth must be way more than this.

[Anonymous]

I'd spend about half of it on something nice in Lyon Village or Cherrydale or something else walkable to orange line Metro. Then I'd spend another mil to buy a place in Henlopen Acres, near Rehoboth. The rest I'd put toward college, and maybe a nicer car.

[Anonymous]

Anonymous wrote:I'd buy a McMansion in PG County.

Ha...I already have that and we're very happy here. We've lived in this town for 20 years. What I would do, however is finish the basement which we did not do when we built the house. I'd add an inlaw suite, kitchenette and gameroom down there so that we could have a live-in nanny with her own more private and comfortable living space and that our kids could use when they were old enough that we didn't need the nanny anymore.