Where is the price ceiling in N Arlington?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

I live in a $1.8 million tear down. 4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence. I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few. It’s pretty much the antithesis of a “walkable”, small footprint lifestyle. You are hard-pressed to find a “normal size” house in housing stock. Just these Ashburn-looking new builds.

I know- where are the 4-bedroom, 2000-sq feet houses in Arlington? Almost none for sale and the few I saw are in need of major upgrades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

I live in a $1.8 million tear down. 4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence. I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few. It’s pretty much the antithesis of a “walkable”, small footprint lifestyle. You are hard-pressed to find a “normal size” house in housing stock. Just these Ashburn-looking new builds.

I know- where are the 4-bedroom, 2000-sq feet houses in Arlington? Almost none for sale and the few I saw are in need of major upgrades.

There never really were many. Arlington was mosty built for post war housing, mostly 3 bedroom 1 bath houses. Those started getting torn down in the late 90s. No one is building 2000 sq ft houses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

I truly don’t get this mindset. Who do you think goes to private schools? Rich children whose parents live mostly in McLean and North Arlington. The main value of the school is being good enough to not tank your property value. For your average white kid is the quality of education really substantially different between McLean high and Yorktown? Although I do think FCPS pays better which could make a difference

Yes, actually it is. Yorktown vastly underperforms in basically every metric given how wealthy its students are. For example, you can compare the number of National Merit semifinalists between the two schools.

McLean gets all the Asian kids who couldn't get into TJ. They really boost the scores.

Don't parents want their kids to be surrounded by high-achieving kids at school? Isn't that why parents try to get into some school pyramids over others?

We just do private - the richer Arlington gets the more people are sending kids to private schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

I live in a $1.8 million tear down. 4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence. I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few. It’s pretty much the antithesis of a “walkable”, small footprint lifestyle. You are hard-pressed to find a “normal size” house in housing stock. Just these Ashburn-looking new builds.

Some of the people buying the 7+ bathroom close-in houses right now are single and/or empty-nesters. They like the amenities of being closer to DC vs the farther out in the suburbs and have the income to buy large, new houses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

I live in a $1.8 million tear down. 4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence. I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few. It’s pretty much the antithesis of a “walkable”, small footprint lifestyle. You are hard-pressed to find a “normal size” house in housing stock. Just these Ashburn-looking new builds.

Some of the people buying the 7+ bathroom close-in houses right now are single and/or empty-nesters. They like the amenities of being closer to DC vs the farther out in the suburbs and have the income to buy large, new houses.

From an investment perspective, sometimes it makes more sense to build larger even if it's unnecessary. It's cheaper per square foot to build larger and when you turn around and sell you can make a larger profit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?

$1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.

I live in a $1.8 million tear down. 4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence. I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few. It’s pretty much the antithesis of a “walkable”, small footprint lifestyle. You are hard-pressed to find a “normal size” house in housing stock. Just these Ashburn-looking new builds.

Some of the people buying the 7+ bathroom close-in houses right now are single and/or empty-nesters. They like the amenities of being closer to DC vs the farther out in the suburbs and have the income to buy large, new houses.

From an investment perspective, sometimes it makes more sense to build larger even if it's unnecessary. It's cheaper per square foot to build larger and when you turn around and sell you can make a larger profit.

+1

When we built, we looked at the options and it didn't make sense financially to build a smaller home.