Hey take a clue no one wants you here
|
Really? You sold after one year? What were the capital gains taxes on that? |
Realized - not recognized. |
And I said "I LIVE MAYBE 2 BLOCKS FROM THAT HOUSE PIC." I never said I sold. Read before you get snide. |
This is the OP, and I live in McLean, not Pimmit Hills. I just think it's interesting when you can see area neighborhoods hit certain inflection points. Pimmit Hills is more "desirable" than other places to some people, and less "desirable" to others. What I do see is that the character of the new builds is now increasingly in line with what you typically see in some other areas with teardown activity. |
Then you haven't "MADE" anything. Jesus. Although I guess one should expect financial illiteracy from the denizens of Pimmit Hills. And to pp, "realized" and "recognized" are the same thing for capital gains purposes. It means the asset has been sold/disbursed. |
I think it's fairly common for people to view additional equity favorably, even if they haven't sold the asset in question. |
NP here. I live in McLean (new construction), also. I happen to really, really like your post, and appreciate PH. If we had known that in many areas of McLean, people are entitled an nasty over nothing, we would have easily picked PH. PH has got to be more MYOB and down to earth than most of McLean! IMHO, if you are in the market now, you would be a full NOT to buy in PH. But haters gonna hate, as they say. |
I like my neighborhood and neighbors in McLean as well, and have no regrets about buying where we did. But that doesn't keep me from appreciating positive developments elsewhere. I don't think any single "gatekeeper" can decide what is or isn't a "desirable place to live." No one forces anyone else to read a thread about PH. If I didn't like the house in the first post, I wouldn't have posted, but I do. |
Wow, you are terribly hostile for someone who "doesn't give a shit". Yikes. Tell us, what else don't you "give a shit" about? Here's one way to manage your anger: try NOT opening a thread having to do with PH, Einstein. Wow. |
| Arlington resident here. It seems to that Pimmit Hills is where the Orange line corridor of Arlington was in the 1980's. Yes, it looks crappy now -- but values will continue to rise. Hopefully combined with smart investment in traffic calming and public transport to attract younger and richer families. |
| NP here and I'm fairly certain these 'i live in mclean' posts are all PH residents. It sounds like they are cheerleading their neighborhood and conflating it with McLean. No one is fooled. |
There are more than two people who like PH, and they don't post any more incessantly than anyone else. Any place to live is desirable to someone. Whatever neighborhood you pick, there's something more desirable out there. You aren't a gatekeeper of anything. You're just a schmo with internet access, same as I and every single other poster on DCUM, nothing but fingers attached to keyboards. |
Like others, I view redevelopment of older, run down neighborhoods as a postive. Redevelopment adds to the tax base, provides reasonably priced housing and keeps schools and neighborhoods viable. Can you please explain why you are apparently the self-appointed gatekeeper of Pimmit Hills-relted nonsense, PP? It would be interesting to hear more about you and why you have such loathing for a neighborhood where you seemingly do not live. A little explanation would go a long way to understanding your perspective. Thank you. |
That house is too far from either metro, but it will be walking distance to two small parks, one large park, a library, and a shopping center with Trader Joe's, coffee shop and a bunch of little restaurants. Across Rt 7, a slightly longer walk, is Whole Foods and a handful of other restaurants. |