That's one of the dumbest thing I've ever read on DCUM. There are a lot of people in Vienna who send their kids to Marshall HS but don't want to live in Pimmit Hills or the areas across the street near the high school. PP just said the houses are ugly, not that she feared for her child's safety. |
Don't bother. PP is an absolute idiot with no penchant for "logic". Don't waste your time. He is fine in his happy place, thinking that truth by repetition is something we all fall for, like he does. Don't walk, run. |
Is she embarrassed dropping her child off at one of those ugly houses? What would her mother in law say if she knew ? OMG |
Getting a little personal, are we? So ratchet. |
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The best time to get into Pimmit Hills was about five or six years ago when you could still buy a teardown for around $300,000.
If you are looking for ROI, 22042 is better now. If you want an upscale area, you look elsewhere. |
Worse schools, no public transit, cannot opt into McLean High, less amenities. But ROI is probably decent because there's nowhere to go but up, just like in PH a few years ago and even now. |
Actually it's already been going up but there's more potential now than in PH. The rest just goes to whether it's as nice as PH today, not investment potential. |
I don't see anything driving 22042 up except for inflation. I would consider it the most vulnerable to a downturn. |
But don't you agree that "the rest" are actually factors that can drive up the cost of real estate in a particular area, and therefore intrinsically tied to whether it will be a good ROI? |
Location is near Mosaic, Dunn Loring. Other parts aren't far from EFC Metro. HS isn't the best now, but is improving and will be renovated. Plenty of non-HOA neighborhoods, so you can buy for under $450,000 and build the house of your dreams. Not too different from PH not that long ago. |
I haven't seen much building in 22042. The issue is that the schools and area hasn't turned. The schools for pimmit hills were not good until about 2005. I think it's going to take another 20 years for 22042 to improve if it does at all. I think it may not improve because it seems to attract multiple low income esol families which in turn tends to pull down the schools. Mosaic might help but most people who live there are not typically families. |
But the thing is, that in PH, not that long ago, teardowns could be had for $300,000 or so. That's what made it so cost efficient for people to buy, raze and build new houses. If you are saying that teardowns in 22042 can be had for $450,000, then that's too much for the area. You can buy a teardown in PH for that amount, and build a new house in a location with guaranteed good schools and public transit. In order for 22042 to make sense as new construction, teardowns should cost a lot less than 450K. Otherwise why would you pay just as much money for a house in an inferior area? 22042 can compete with PH only on cost as far as teardowns are concerned. 450K is not competitive. |
You can get the houses for less than that. Was comparing to common teardown price in PHl. |
There are new houses. You don't see them listed because they are one-off teardowns/rebuilds. That's how it was in PH for years until some builders started putting up spec houses. But, yeah, every area has its place whether it's 22042, PH or more expensive areas. |
+1. This will be one of the first areas affected the next time a downturn hits. I don't see any hope of it ever being "upscale," even if there is no big downturn. |