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Real Estate
Reply to "Chesterbrook Woods, McLean"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm sure it frustrates some local builders that people will buy older homes and maintain them, rather than seek out the cheapest houses and tear them down. [/quote] In my opinion it's a certain fading demographic that buys these homes in McLean, and it's not for the schools. It's the empty nesters who have have lived in the area a long time and still think a home in McLean is the pinnacle of success, like in the 1980s. Just like the middle aged man who buys the used car he always wanted in high school. They trade up a few times and finally buy that dream home from the 1980s. Then reality sets in and they realize that they're too old to maintain a massive house and yard, and they sell it five to ten years later, either breaking even (if they're lucky) or at a loss. Millennials don't want these houses. [/quote] You're entitled to your opinion, but not to your own facts. School enrollments have been increasing in that area, and there are many buyers who want to be in a close-in location zoned for a top school pyramid. The ideal neighborhood for some Millenials might be Lyon Village, but they can't afford it, or for that matter new construction anywhere close in. So they turn to older homes elsewhere in Arlington, McLean, and Falls Church. [/quote] That may be true for the cheapest homes in McLean, but not helping the $1 million+ old homes, which is primarily what you find in CW. [/quote]
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