two million is the new starter home price for close in neighborhoods

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1. Those aren’t starter homes
2. No one has to live in those places
3. I have no sympathy

+100000

I don't even have the energy to pull out my tiny violin for people who think a "starter home" is a close-in, 4+ bedroom, fully flipped house zoned to GS8+. Just so, so stupid, an convinced by their own stupidity that they have it harder than anybody else.

Says the princesses who got everything they have from Daddy or hubby.

Cool it on the sexism. Trying to dress up insults in this way makes you sound like an idiot, no matter what your actual point is.

It's also extremely unclear what the actual point is because they seem to have responded to the wrong post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1. Those aren’t starter homes
2. No one has to live in those places
3. I have no sympathy

+100000

I don't even have the energy to pull out my tiny violin for people who think a "starter home" is a close-in, 4+ bedroom, fully flipped house zoned to GS8+. Just so, so stupid, an convinced by their own stupidity that they have it harder than anybody else.

Says the princesses who got everything they have from Daddy or hubby.

Cool it on the sexism. Trying to dress up insults in this way makes you sound like an idiot, no matter what your actual point is.

It's also extremely unclear what the actual point is because they seem to have responded to the wrong post.

Agree, haha. All around, bad post.

[Anonymous]

Anonymous wrote:You all realize that not everybody is partnered and making a lot of money for years before they have kids, right? It's not like everyone or even most people can buy a small condo in their 20s. Most absolutely cannot get into a starter home which means they cannot use the money they make off that to jump into a more expensive home when kids come.

My DH and I got our starter house in our early 30s, half an hour outside the beltway, generic 1980s Ryan Homes construction. It took until almost 40 to get into our move up house and we still have a laundry list of updates we want to do. In the meantime we’re enjoying life even if our house isn’t perfect. It helps that we love our close-in neighborhood and we’ve been able to do some updates/a small addition so it feels like progress.

You can still move up the property ladder even if you don’t buy a condo in your 20s. 2 incomes does really help though, I will say that.

[Anonymous]

2 million isn’t a starter home. No one needs a house that big for a family of 2-3. That’s just you being greedy op.

[Anonymous]

Anonymous wrote:Prices have gone up for sure but obviously your definition of starter home is insane if you think the entry point is $2m. A starter home is not a new-build 5bd/4.5ba on a massive lot. A starter home is a dated 3bd/2ba with a weird layout and no parking

Make that a 2 bd/ 1 ba and I’ll agree with you

[Anonymous]

OP is talking starter homes of the 1%. Ridiculous even by DCUM standards.

[Anonymous]

Where are the $2m townhomes? Georgetown?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$875K for that sh^thole?

This poster exemplifies the entitlement that I’m talking. He/she probably cannot even afford that home and yet, calling it a sh*hole.

DP but entitled is a stupid word for this. That poster just thinks it’s too expensive for what you get. It’s nearly $1 million for less than 1800 so ft. You may be desensitized to this but many are not.

Those that aren't desensitized to the realty of the market are either 70+ and still think homes are 500k or live in the sticks.

This is actually a lovely home for the price/location

[Anonymous]

Anonymous wrote:2 million isn’t a starter home. No one needs a house that big for a family of 2-3. That’s just you being greedy op.

People who want to buy starter homes aren't looking for $2 million places. That is the point. They want something smaller and less expensive but nothing is available.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
The spring market came and went it seems, and no, I don’t see things picking up in April. A few weeks ago, someone posted feeling disheartening after saving for 7 years to get a sfh and still can’t find a home in their 1.5M price point in the target neighborhood that she previously thought in 2019 she could afford. I thought she was being over dramatic. But, in all honesty, I’ve been paying close attention to several close in zip codes and I’m not seeing much inventory other than condos under two million, not even at 2M. Yes, there have been a few homes in the 1M-1.5M mark but they’re few and far between. All I see are new-build starting at the 2.5M. I’ve seen people commenting buying first homes at 1.8M. If I was on the market right I would depressed too.

I have a TH in a sought after neighborhood that online estimators are now saying is in the 2M range. I called one of those high earning realtors 3 years ago when I was thinking of selling and moving out of the area, after researching my address, surprisingly, she said to me, “ you better be sure you’re never coming back this way because you might not be able to afford to afterwards.” I’m thankful she wasn’t one of those greedy realtors.

Nice humblebrag. So go ahead and tell us where these $2M townhouses are the norm.

Humblebrag? This is not a starter home for us, we have been trying to move from our TH since we purchased it. My spouse has found everything to be unhappy about this home except the location, but we can no longer afford a move up home, ever.

Why can't you use the equity in your $2m townhouse?

I still wouldn’t have enough to move the ladder for a new or semi new build in my neighborhood. Most start at 2.6M+

[Anonymous]

Anonymous wrote:

Anonymous wrote:2 million isn’t a starter home. No one needs a house that big for a family of 2-3. That’s just you being greedy op.

People who want to buy starter homes aren't looking for $2 million places. That is the point. They want something smaller and less expensive but nothing is available.

One person gets it.

[Anonymous]

Anonymous wrote:In many areas, houses don’t appreciate as much as they used to. The property ladder requires much more strategy now - and more money to start. Condos and townhouses are especially risky. So if you bought your starter home 20 years ago, spare is your lectures.

20+ years ago when I bought my starter home, I purchased in Falls Church, Fairfax a 3BR, 2BA Colonial about 1,500 sq ft for less than $300K. I wanted to purchase a home in Arlington near the Clarendon / Courthouse Metros, but you know what, that area was a shithole 25 years ago, and people wondered why I wanted to live in Arlington, and I got talked out of buying in 22201 / 22209 since it was not a great place to live. There were strip clubs, dive bars, used car dealerships, and even a murder in a used car lot while I was living there. It was not always a desirable place to live, but that has changed over time - similar to what will happen to other currently less desirable neighborhoods. I got on the property ladder, not in the location I wanted, and my future spouse did the same independently. We are now in Clarendon with a moderate SFH less than 3,500 sq ft. Just want to remind people that close-in Arlington was not always considered a nice place to live.

[Anonymous]

Anonymous wrote:I suspect we have very different ideas of what a starter home is.

Exactly. A quick search of 20015 shows several houses under $1.2-3. I know of another one coming soon on our block for same price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2 million isn’t a starter home. No one needs a house that big for a family of 2-3. That’s just you being greedy op.

People who want to buy starter homes aren't looking for $2 million places. That is the point. They want something smaller and less expensive but nothing is available.

One person gets it.

It's still fiction.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I suspect we have very different ideas of what a starter home is.

Exactly. A quick search of 20015 shows several houses under $1.2-3. I know of another one coming soon on our block for same price.

$1.2 million is not a starter home.