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Real Estate
Reply to "We've been saving to move to upper NW... "
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[quote=Anonymous]... And it feels like no amount of money is enough. It's like a bottomless pit that we keep throwing money into and we're further behind than ever. We are currently in Petworth with a 7 and 5 yo. We like it here but feel ready for less crime, better schools, while keeping some proximity to downtown and neighborhood walkability. I targeted Chevy Chase DC as being possible, maybe AU park if we got lucky. For 3-4 years I've squirreled away money. We've turned down vacations, I've grocery shopped and cooked even as our jobs and lives got crazier. We have shared one paid off car. We're not suffering, but we've been working toward a goal. I really thought a 1.5m budget would get our foot in the door. I knew we wouldn't get a newly renovated house for that price, but something livable that we could commit to updating slowly over time. This year we will hit our savings target for $1.5, and all the houses are now $1.9+. Inventory is awful. We're further behind than ever before, and threads in this forum are suggesting that prices will never drop. It's so disheartening. I know I am not owed a house, and I'm sure I'll get attacked. But I'm feeling so sad that we worked for so hard toward a goal only to see it slip further away every year. I just feel sad for myself and our family, and disappointed that we have to give up some part of our goals. Hindsight is 20/20 but I wish we had just taken out a massive mortgage and bought last year when there was inventory. Now, unless prices come down considerably, we'll probably have to leave the city. It feels like it happened so quickly. [/quote]
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