Housing prices have gone insane
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Anonymous
Wow, you're just a miserable b*tch. |
Anonymous
Because people are willing to pay that much. It’s how a market economy works. |
Anonymous
I’m not the one becoming a slave to the real estate market, choosing to live in a $1M shitshack for some PUBLIC schools, and especially not for schools that are rated a 7/10 and not even remotely worth it, so no....Nobody with that kind of money in their right mind would buy that house for $1M. I wouldn’t even pay $1M for a house like that if it put me in a W school in MoCo either. I chose to buy an expensive house that actually looks like one, is on the water, and a decent commuting distance from my job. My kids go to a private school that is much better than McLean or any other public school will ever aspire to be, and my neighbors and I laugh at real estate market assk***ers who pay $1M for shitshack for some crummy PUBLIC schools, absolutely pathetic. Those are the people who are truly miserable. |
Anonymous
You’re really out of your mind if you think people are willing to pay a million dollars for that. People who can afford a million dollar house do not give a damn about public schools enough for them to pay a million dollars to get a house that looks like that, because they can afford private schools that put those public schools to shame. There’s a plethora of super rich people in Annapolis living in giant waterfront homes that are worth twice the amount of this house. The public schools in Annapolis are not good at all, but plenty of rich people with money still choose to live there. Why? Because private schools exist, because someone who can afford a $1M house is not going to care about public schools, especially not 7/10 public schools |
Anonymous
You sound extremely happy with your choices ranting and raving at 1:52AM on a Sunday morning. Maybe you need to talk to your doctor about switching up your meds. |
Anonymous
That's the street I grew up on!!! I bet my parents bought our old colonial for 250k. |
Anonymous
| A million is not what it used to be |
Anonymous
+1 Plus, it is obvious some people on this board don't know that neighborhood. The people in that neighborhood are actually really (IRL) nice, kind and neighborly, in the traditional sense. You don't find that in many close in neighborhoods. Also, that neighborhood has sidewalks, which some might say, like nice neighbors, are hard to find in the area. The price is a little high, but it is a two car rear garage in that neighborhood, and one of the bigger houses, so it worth it. If you don't like it, don't buy it. |
Anonymous
Wrong. |
Anonymous
The person just sounds miserably bitter. No one has a crystal ball on the market and long term consequences of more WFH flexibility but I seriously doubt an all out crash where this house is suddenly depreciate to being worth IDk what sh*t in this market is—700k? 500k? Even if given the flexibility in our jobs we will certainly stay where we are (Alexandria city which has, gasp, terrible schools by this board’s standards) because we love our house, how well located it is, and our amazing interest rate on the mortgage. If we lose value, so be it. But I doubt it will be by much even if you consider our little cape a total sh*thole. |
Anonymous
Wow you are such a striver. Guess what. I went to a combination of private school and public schools (some rated lower than *gasp* a 7) because we moved a lot because of my dad’s job. And guess where I’m sending my kids to school ... (hint: it’s not private). I also don’t laugh at where other people buy homes and call them “pathetic,” but then again I met a lot people of different SES levels or different life priorities while in public school, so I don’t have a weird superiority complex. |
Anonymous
And you must be a loser if the first thing you do on your Sunday morning is check DCUM searching for validation in your decision to buy a shitshack. My point isn’t that this neighborhood doesn’t have certain amenities, just that they’re not worth that price tag. My point is that someone making a $1M+ decision doesn’t care about the public schools, they have options for private school. There are plenty of rich people living in school clusters that perform badly (i.e. Annapolis HS), and it’s because there’s no shortage of private schools in the DMV, and they’re way better than the poo-blic schools in McLean anyways. People are willing to commute to work for up to an hour, especially if they only have to go to DC a few times a week (and a lot of jobs are permanently changing to hybrid or even fully virtual because of COVID). It’s dangerous and financially irresponsible for someone to pay $1.5M for a house like that, because there’s a good chance that the new nature of jobs will significantly impact property values in the near future, once the market/inventory evens out again. There’s a reason people in MoCo and DC are moving up to Frederick at high rates. There’s a reason that San Francisco is seeing one of the highest rates of people moving out of the city. It’s because people are only willing to put up with ridiculous real estate prices for so long before they begin to question why living in said area is even worth it in the first place, and after they make the realization that it’s not worth it to live in a shitshack, they being leaving in large numbers. Turns out that if people have the choice, they prefer living near nature and in a nice house/neighborhood rather than living in a shitshack that was built for the middle-class and wasn’t even intended for their income-bracket. Weird huh? Besides, traffic congestion is such a huge problem in and around the beltway that living a bit out doesn’t add a significant amount of time to someone’s commute. You aren’t realizing that people making $1M decisions don’t care about your subjective assessments of how “nice the neighbors are” (lol), as if there’s no other neighborhoods in the DMV with “nice” neighbors. I know of a trailer park within good commuting distance from DC in a 7/10 school district. I’m sure they also think their neighbors are nice. I’ll go tell them they can sell their trailers for $850k now. The DMV region has some of the most overpriced homes in the country as well. Even before inventory was low, Bethesda was considered the most over-priced city in the country. Houses there are being priced at nearly a quarter of a million dollars above their actual value, and I imagine it’s only gotten worse now. Not everyone is real estate market sheep/slaves, and they’re not willing to pay for houses that are so overpriced to the point that the amount in dollars the house is overpriced exceeds the average value of a home in the country. There will be a San Francisco effect happening in this region very shortly (and I’d argue that it has already started it’s premature phases). If McLean High is really all that nice, then why is a school that is full of students of such a high income-bracket only a 7/10? That’s really embarrassing and that must mean that the school is actually garbage considering the demographics of that school. I imagine that the minority of disadvantaged kids going there probably do even worse, which is also worrisome. It tells me that that school is so low-quality that even the very privileged kids there aren’t performing at the same level kids of their demographics in other schools do. I wouldn’t send my kids to that garbage school even if I could get the house I have now over there for the same price. If I cared about public schools, I’d be living in Howard County, MD, where I could get a house that’s expensive and actually looks like it, while also being within reasonable commuting distance from work. I could also be in a school cluster that puts McLean to shame. A 30 minute drive to DC from Clarksville or Highland is fine if it means I wouldn’t live in a shitshack. A 50 minute commute to work is becoming increasingly tolerable to many people if it means that they won’t live in a shitshack. This thread is full of arrogant, gentrification/suburban imperialism implants who are seriously trying to justify exorbitant prices for houses that were intended for a significantly lower income-bracket and are too sheltered to realize that most people would not pay that price tag for a house like that, and the number of people willing to do so is increasingly getting smaller. You all are so miserable and pathetic. You claim that there’s all these amenities and such a healthy lifestyle, yet you live in one of the most clinically depressed regions in the DMV region and country. |
Anonymous
| That's not high for McLean. If you want a bigger cheaper house and don't care about schools, go to Annandale or Springfield or Lorton. |
Anonymous
You must not live in the DMV. It's expensive. Private schools are $35k, rental house can cost $4-$5 k a month. $1 million for a house with great public schools is a bargain. It's not living large. |
Anonymous
| The house next to me rents 6k a month and the nearest private school is 40k a year |