They already have gone up this spring. It’s only going to get better |
NYC blew it. Big time. |
Arlington has to be one of the greatest places on earth to own a single family home. Up up and awayyyy, suckers! |
Extremely rare will be any sfh in Arlington that doesn’t cheat $1.3 million soon. Everyone wants in, and the supply is small. |
^ reach |
You can see more appreciation on an Arlington house in one year than you can see in 10 years in flyover land |
Very good for the economy as a whole, of course. Very bad for wannabe homeowners. And very bad for traffic and for those parents who are thinking their kids have a shot at UVA. |
This is why non-updated 3bd 1.5bath SFH's in s Arl that were 450k last year are selling for 675 this year with all contingencies waved. Us millennials call it "hypebeasting". |
Feels just like 2007. Can't wait... |
A 100,000 jobs at once leading to a tidal load of newly UC contracters and house purchases? I think you're thinking of 9/11/2001. D.C.'s boom was unprecedented and barely touched even during the 08 downturn which is why everyone moved here (including myself). Just getting even better now. |
So?? Prices tripled in run up to 2007. Then dropped 10%. Hardly any deals to be had. Ask me how I know. We saw the last bubble. We waited. And never really saw any benefit in Arlington prices. PG or PW county? Sure. Fire sale. But Arlington was where we live. |
You're right; this time it's different! |
I see what you are trying to do. I’m actually saying it’s exactly the same, there is exuberance but prices like last time will not drop appreciably. Same is as same was. I mean two GS15s can afford a $1M house, so lump all the bigger money jobs, yeah it’s expensive |
People in North Arlington sound so snotty |
Yea, ok... per those folks who are not actually doing the commute or work. No way my spouse could walk or talk mass transit to his Amazon job. Nor, would we ever move to that part of VA for a lot of reasons, including money. Everyone we know lives far out VA and commutes in as needed. |