Very little inventory in desirable areas

[Anonymous]

Anonymous wrote:Can't imagine spending over a mil for those houses with such crap kitchens. I know, I know, there are posters that get on here and talk about how the kitchen is not the center of their home and they don't like spending time with dirty dishes. I'm just not one of those people. We hang in the kitchen as a family, and when we entertain people gravitate toward there.

And yet, that's what homes that size in those neighborhoods cost, and those kitchens are the ones they come with. If you prefer to spend less for more, you aren't going to find it in those zip codes.

What planet are some of you people living on? Wishing doesn't make it so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People just want to pay less for more.

There are houses on the market in these areas.

http://franklymls.com/DC8250120

http://franklymls.com/DC8288220

That first one is gorgeous. Come on, OP, what's wrong with that one?

I like the second one too and you would have plenty of money left over to paint throughout and redo the kitchen.

The first one is nice but why are they selling after only owning it one year? That always makes me nervous.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can't imagine spending over a mil for those houses with such crap kitchens. I know, I know, there are posters that get on here and talk about how the kitchen is not the center of their home and they don't like spending time with dirty dishes. I'm just not one of those people. We hang in the kitchen as a family, and when we entertain people gravitate toward there.

And yet, that's what homes that size in those neighborhoods cost, and those kitchens are the ones they come with. If you prefer to spend less for more, you aren't going to find it in those zip codes.

What planet are some of you people living on? Wishing doesn't make it so.

Hey, that takes out some of the competition. I somebody wants to buy in WV, that's their right.

[Anonymous]

My realtor tells me that she often sees younger buyers who are coming from recently built condos who can't accept that all of the close in real estate is older stock, much of it unrenovated and that it still has a high price tag. Too much hgtv I guess. Sometimes inventory problems are the result of unreasonable expectations.

[Anonymous]

Anonymous wrote:My realtor tells me that she often sees younger buyers who are coming from recently built condos who can't accept that all of the close in real estate is older stock, much of it unrenovated and that it still has a high price tag. Too much hgtv I guess. Sometimes inventory problems are the result of unreasonable expectations.

Indeed.

I guess I have officially become an old lady. "Young people these days!" LOL.

[Anonymous]

Anonymous wrote:My realtor tells me that she often sees younger buyers who are coming from recently built condos who can't accept that all of the close in real estate is older stock, much of it unrenovated and that it still has a high price tag. Too much hgtv I guess. Sometimes inventory problems are the result of unreasonable expectations.

I get this. And I also get that land is very pricey here, but why are so many of these houses not renovated?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People just want to pay less for more.

There are houses on the market in these areas.

http://franklymls.com/DC8250120

http://franklymls.com/DC8288220

That first one is gorgeous. Come on, OP, what's wrong with that one?

I like the second one too and you would have plenty of money left over to paint throughout and redo the kitchen.

The first one is nice but why are they selling after only owning it one year? That always makes me nervous.

Probably it is one of the people over on the private school thread who is realizing she can't afford the $1.7m house AND 3 kids at Sidwell AND nanny AND college AND retirement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My realtor tells me that she often sees younger buyers who are coming from recently built condos who can't accept that all of the close in real estate is older stock, much of it unrenovated and that it still has a high price tag. Too much hgtv I guess. Sometimes inventory problems are the result of unreasonable expectations.

I get this. And I also get that land is very pricey here, but why are so many of these houses not renovated?

Let me think....

Maybe because the owner is perfectly fine with the home as is? Maybe the owner likes carpet and wallpaper. Maybe the owner doesn't care. Maybe the owner doesn't spend much time on HGTV.

Or maybe it's because renovations cost money? Maybe the owner doesn't want to spend it. And why should she?

And let's not forget that if she does renovate, YOU (the buyer) are going to end up paying for much of it. Note that the first house listed above IS renovated...perhaps that explains why it costs $200k more than the second one.

Seriously, are you people for real? Let me repeat: WISHING DOESN'T MAKE IT SO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People just want to pay less for more.

There are houses on the market in these areas.

http://franklymls.com/DC8250120

http://franklymls.com/DC8288220

Why does that second one make me so sad? I think because it looks like someone really lived there for a long time and loved it.

I love the second one for the exact same reason!

I'm the one who said it made me sad, and I love it, too. It seems like you hardly ever see lived-in, long-loved houses on the market still looking so personal. I imagine those people who are selling it had kids, maybe raised a big family there, and now it's too much house for them and they have to sell. I get very attached to houses, though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People just want to pay less for more.

There are houses on the market in these areas.

http://franklymls.com/DC8250120

http://franklymls.com/DC8288220

Why does that second one make me so sad? I think because it looks like someone really lived there for a long time and loved it.

I love the second one for the exact same reason!

I'm the one who said it made me sad, and I love it, too. It seems like you hardly ever see lived-in, long-loved houses on the market still looking so personal. I imagine those people who are selling it had kids, maybe raised a big family there, and now it's too much house for them and they have to sell. I get very attached to houses, though.

"But why isn't it renovated?"

[Anonymous]

The blue carpet in the second one is so dated, as is the kitchen, and all the gross wallpaper.

[Anonymous]

Anonymous wrote:My realtor tells me that she often sees younger buyers who are coming from recently built condos who can't accept that all of the close in real estate is older stock, much of it unrenovated and that it still has a high price tag. Too much hgtv I guess. Sometimes inventory problems are the result of unreasonable expectations.

That's been a problem for years. Everyone even straight out of college somehow expects granite counters, SS appliances, hardwood floors, on and on. But you can't blame them since they now live in upgraded apartments starting out in college with all of those amenities. Once you've started there, that's all you've ever known so how can you "downgrade" to anything less?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My realtor tells me that she often sees younger buyers who are coming from recently built condos who can't accept that all of the close in real estate is older stock, much of it unrenovated and that it still has a high price tag. Too much hgtv I guess. Sometimes inventory problems are the result of unreasonable expectations.

That's been a problem for years. Everyone even straight out of college somehow expects granite counters, SS appliances, hardwood floors, on and on. But you can't blame them since they now live in upgraded apartments starting out in college with all of those amenities. Once you've started there, that's all you've ever known so how can you "downgrade" to anything less?

...financed by Daddy.

[Anonymous]

Anonymous wrote:The blue carpet in the second one is so dated, as is the kitchen, and all the gross wallpaper.

Thus the relatively low (for that neighborhood) price of <$1.5.

[Anonymous]

Yup 500k hhi the dc middle class