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

[Anonymous]

Anonymous wrote:Why do people want bigger and bigger houses as family sizes trend smaller and smaller?

New constructions are all big. There’s no small ones. The builders are trying to line their pockets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:???

https://www.zillow.com/homedetails/5906-Roosevelt-St-Bethesda-MD-20817/37178845_zpid/

https://www.zillow.com/homedetails/6204-Long-Meadow-Rd-McLean-VA-22101/51756617_zpid/

https://www.zillow.com/homedetails/12833-Huntsman-Way-Potomac-MD-20854/37098964_zpid/

https://www.zillow.com/homedetails/1445-Madison-St-NW-Washington-DC-20011/469181_zpid/

https://www.zillow.com/homedetails/7735-Falstaff-Rd-McLean-VA-22102/51748073_zpid/

That first one is adorable. We recently bought at the 950-ish mark (we are trolls, I know!) and would have totally gone for that first place. Adorbs.

Yeah that first one is very nice. We decided to stay in the city (and had to pay $$$ for an unrenovated, smaller house) but it is a great option for the suburbs. The OP seems like a troll.

[Anonymous]

I'm having a hard time working up a lot of empathy for OP. Her savings rate and hard work is admirable. But most people don't get EXACTLY what they want. There's always some give on something with real estate, even for the uber wealthy. Location, size of house, move-in readiness, size, cuteness factor and so forth.

Look, I'd love to move into the Grace & Frankie beach house tomorrow. It ticks all my boxes about ocean, decor, size, the nice pool and art studio. But even though I work hard, I can't afford a house like that. So I live well in the house I can afford.

[Anonymous]

Anonymous wrote:I'm having a hard time working up a lot of empathy for OP. Her savings rate and hard work is admirable. But most people don't get EXACTLY what they want. There's always some give on something with real estate, even for the uber wealthy. Location, size of house, move-in readiness, size, cuteness factor and so forth.

Look, I'd love to move into the Grace & Frankie beach house tomorrow. It ticks all my boxes about ocean, decor, size, the nice pool and art studio. But even though I work hard, I can't afford a house like that. So I live well in the house I can afford.

Haha, I’ve coveted the Grace and Frankie beach house too. But sadly it will never be mine.

[Anonymous]

Is SE DC not considered a close in neighborhood?

[Anonymous]

My Fairfax County neighborhood of late 1960s, brick front and siding clad 4 and 5 BR houses/one car or no garage are listing at 1.3 million.

[Anonymous]

Anonymous wrote:Even cheap starter homes aren’t cheap. It’s hard to start the ladder without spending too much of your take home pay. For some reason people here think $600-$800 is NBD. It is.

Have you checked the median HHI in the area?

[Anonymous]

Anonymous wrote:My Fairfax County neighborhood of late 1960s, brick front and siding clad 4 and 5 BR houses/one car or no garage are listing at 1.3 million.

Great and Coca-Cola used to cost a nickel. Not a big fan of the nominal price comparisons.

[Anonymous]

Anonymous wrote:Is SE DC not considered a close in neighborhood?

“close in” evidently means white, even if it is geographically further away.

[Anonymous]

God getting old is weird. People were having this exact conversation about the “death of the starter home” in 2005-07.

I know this because I’m still living in my “starter home” bout in 05, lol.

Anyway, these things are cyclical. Something will happen to make housing prices drop. Might not work for your timing, however.

[Anonymous]

Anonymous wrote:Our starter home 20 years ago was a 1750 sq ft, 2-bedroom SFH.

Most of those are being bought by developers, knocked down and replaced with $2-3m homes. There are fewer and fewer avaliable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Even cheap starter homes aren’t cheap. It’s hard to start the ladder without spending too much of your take home pay. For some reason people here think $600-$800 is NBD. It is.

Have you checked the median HHI in the area?

Yes. And I make more. I still think these prices are stupid since they’re for tiny, ugly houses in terrible condition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even cheap starter homes aren’t cheap. It’s hard to start the ladder without spending too much of your take home pay. For some reason people here think $600-$800 is NBD. It is.

Have you checked the median HHI in the area?

Yes. And I make more. I still think these prices are stupid since they’re for tiny, ugly houses in terrible condition.

And that is exactly the type of house you would have been able to buy 20 years ago making slightly over the median HHI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is SE DC not considered a close in neighborhood?

“close in” evidently means white, even if it is geographically further away.

I would love to live in a majority black DC neighborhood with affordable housing and good schools. Please tell me where to look.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even cheap starter homes aren’t cheap. It’s hard to start the ladder without spending too much of your take home pay. For some reason people here think $600-$800 is NBD. It is.

Have you checked the median HHI in the area?

Yes. And I make more. I still think these prices are stupid since they’re for tiny, ugly houses in terrible condition.

And that is exactly the type of house you would have been able to buy 20 years ago making slightly over the median HHI.

But the house would have been 20 years newer back then. And when they were brand new, people were still probably spending the median HHI on them.