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Real Estate
Reply to "Buying and razing a home in Pimmit Hills"
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[quote=Anonymous]Not a PH resident, but I will say this----neighborhoods do change. Just look at Langley forest in McLean. In the early 1990's, it was a tired neighborhood with 1 acre lots. My parents thought about moving into a home that was on the corner of Mackall and Gtown pike in 1988 or so that was being sold by the Mormon Church at the time. It was an ok home, but not really that spectacular. As soon as they drove around the neighborhood they thought 'ugly' and decided to move to another part of Mclean instead that had more homogeneity. Within two years, houses in the neighborhood had begun to be torn down. And now today a teardown in the neighborhood goes for $1.2million, and most houses start at around $3 million. In high school I would run through the neighborhood, and was always amazed by how the houses were changing and how some of the newer homes were ugly. Now 20 years later, after the shrubs have grown, the houses look nice. PH has a lot of homes---and it will probably take more than 20years, but in all honesty, I think that people buying in PH are making a smart investment if they are in it for the long hall. With that said, if people buy a lot and make their forever house---that will serve them well while they live out their lives, and when they decide to sell later. In the meantime---people who try to buy and build and flip will probably have a tough time doing so in the short term b/c people will look at the surrounding neighborhood and see what looks like 'junky houses'. But the people with a vision will see beyond the junk and into the future. Tysons area is going nowhere but up, and it's becoming a metropolis as it is. Again, I don't live in PH, I overspent and because of my wife bought in the Reserve----but I can't help but think that I could have gotten 6 houses in PH for what I paid in the Reserve, and would be far ahead financially twenty years down the road. [/quote]
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