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Reply to "two million is the new starter home price for close in neighborhoods"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$875K for that sh^thole?[/quote] I had a budget of up to 900k back in 2019 and even then, pre-COVID run up, it didn’t go far in the close-in neighborhoods. We lost out on multiple bidding wars, bought as-is, and have had to pour more money into updates. 875k has not been a big budget for desirable inside the beltway neighborhoods for a very long time, certainly not for anything like OP is searching for. [/quote] Exactly! Our starter home (and forever home, it looks like) was around $875k in 2017. Townhouse in Arlington. [/quote] Paid that in a bidding war for a tear down in 2011 at the bottom of the market and still live in that tear down today. The think I’ve learned about real estate is that there are very few people that have any long term perspective because most people are only in the market once a decade or so. [/quote]
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