Are we the only family in the DMV who is priced out?

[Anonymous]

Anonymous wrote:To the poster who suggested some places in NOVA like Burke, thank you. That's more like what we are looking for. We are planning a trial commute during morning/evening rush before we bother an agent.

Where do you commute to exactly? I missed that part

[Anonymous]

Anonymous wrote:

Anonymous wrote:When we had a $300k HHI, we put down $200k on a $735k home. While the home was built in the 1970s, it wasn’t a “total tear down” and has served us well!

Did it need foundation work?

The contractors I have spoken with are charging insane amounts for foundation repair right now. That, roof replacement, and electrical are what we are saving up for. Don't want to have a fire, either. Lots of those on the local news.

No, no foundation repair needed. No electrical issues, either. It is a solid house!

[Anonymous]

If you have $300k and $300k hhi your problem is just that you only want to live in the most expensive neighborhoods.

[Anonymous]

Anonymous wrote:Oh, and this is not in Chevy Chase. I would hate living there. It's nice for some people, I've heard, but we are not interested.

Based only on your postings in this thread, OP, I can assure you the feeling is mutual. We'd hate you living here as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:To the poster who suggested some places in NOVA like Burke, thank you. That's more like what we are looking for. We are planning a trial commute during morning/evening rush before we bother an agent.

Where do you commute to exactly? I missed that part

I commute to close in NOVA two days a week, wfh for 3. DH commutes to DC.

[Anonymous]

https://www.realtor.com/realestateandhomes-detail/8902-Albert-Stewart-Ln_Silver-Spring_MD_20910_M58777-80695?from=srp-list-card

https://www.realtor.com/realestateandhomes-detail/3112-Lee-St_Silver-Spring_MD_20910_M65814-73486?from=srp-list-card

https://www.realtor.com/realestateandhomes-detail/10019-Pratt-Pl_Silver-Spring_MD_20910_M55914-55086?from=srp-list-card

https://www.realtor.com/realestateandhomes-detail/1702-White-Oak-Dr_Silver-Spring_MD_20910_M60685-82320?from=srp-list-card

[Anonymous]

This is a "stay put" market.

[Anonymous]

Anonymous wrote:https://www.realtor.com/realestateandhomes-detail/8902-Albert-Stewart-Ln_Silver-Spring_MD_20910_M58777-80695?from=srp-list-card

https://www.realtor.com/realestateandhomes-detail/3112-Lee-St_Silver-Spring_MD_20910_M65814-73486?from=srp-list-card

https://www.realtor.com/realestateandhomes-detail/10019-Pratt-Pl_Silver-Spring_MD_20910_M55914-55086?from=srp-list-card

https://www.realtor.com/realestateandhomes-detail/1702-White-Oak-Dr_Silver-Spring_MD_20910_M60685-82320?from=srp-list-card

What is with the plugging MoCo, PP? Are you a MoCo realtor?

[Anonymous]

Anonymous wrote:DH and I are early 40s, two kids, HHI 300k gross. We have a downpayment of 300k set aside but are only interested in single family homes that are not total teardowns. We are priced out and have stopped looking.

DH interviewed for a higher paying job this summer but didn't pass the second round. I'm earning the max I can earn with my qualifications. Kids in public school and we are renting right now.

Are we the only ones in this situation?

You're not priced out, you are just priced out of your preferred location. We have the exact same stats as you (but only $275 HHI, but same ages and down payment) are in VA and just started looking further west. Found a lovely million dollar 20 year old house in a great school pyramid, we are thrilled!!

[Anonymous]

Anonymous wrote:To the poster who suggested some places in NOVA like Burke, thank you. That's more like what we are looking for. We are planning a trial commute during morning/evening rush before we bother an agent.

OP, also check out Kingstowne. I’m not sure of current inventory, but commute should be better going east than Burke.

[Anonymous]

Anonymous wrote:What about this TH just outside FCC? It’s actually walkable to WFC metro (~15 mins) and close to all the new development on Rt 7. Schools are decent to good

https://www.zillow.com/homedetails/7433-Chummley-Ct-Falls-Church-VA-22043/51782529_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

There are a lot of kids in that cul de sac, two playgrounds, easy commute to DC, close to everything, and good schools (great community of people). Houses in the neighborhood sell very quickly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't fully understand what happened here. 2-3 years ago, we had historically low rates and we knew that rates were going to rise. OP and spouse would have been late 30's to early 40's and already had kids. Maybe there's a good reason, but I don't understand why OP didn't look around at some point over the last 5+ years and say hey, we need to buy.

We bought a condo in 2014 and lived in it for almost a decade. It got too small (kids getting bigger) so we are renting something larger in the same school district to provide stability and a decent education to them while we save up enough to buy where we are. When they are grown, we'll move again.

NP but with little kids, it's very easy to switch schools. Mine have adapted to their new school VERY easily - they are in late ES.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:To the poster who suggested some places in NOVA like Burke, thank you. That's more like what we are looking for. We are planning a trial commute during morning/evening rush before we bother an agent.

Where do you commute to exactly? I missed that part

I commute to close in NOVA two days a week, wfh for 3. DH commutes to DC.

I mentioned pimmit hills before. Why aren’t you looking there???

[Anonymous]

West Springfield

[Anonymous]

We all are. The inflated prices create absurd closing costs, taxes, etc.. Out of control. Who are the people buying 2.5 -4 million dollar homes in NWDC?? 1.9 million in Bethesda?? Wowsa.