Reply to Do you think the Pimmit Hills area will eventually become upscale?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Have you ever bought a house?

Old homes do not "impact" new homes.  At all.  Ever.  That is wishful thinking on your part.

New homes are here to stay, like it or not.

[b]Olf homes are nothing more than land value.[/b]  That's it.  Stop trying to make it complicated.  It's not.

Gosh, you life must be exhausting.

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Chevy Chase, Georgetown, Normandstone Terrace and upper NW DC all undermine your argument. Not every old home holds value.  Well-built old homes in areas of similar properties do.[/quote]

+1.

12:11 works so hard to market Pimmit Hills.  It must be tiring to spend so much of one's time applying lipsticks to pigs.  [/quote]

Chevy Chase and Georgetown are unique to the area.  McLean, Falls Church, et al are the norm; where old homes are automatic knock downs, regardless of your stupid, ridiculous decision to redo the kitchen, add on, or what have you.  Builders know this, why don't you?

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Lemme guess.  You're one of those folks who builds the awful new homes in Pimmit Hills?  Or had one built for yourself and got grief from neighbors appalled at your poor taste?

You must not know the area very well.  If you did, you'd know there are many older homes in NoVa that are far more valuable than the homes in Pimmit Hills.  Perhaps you'd be happier out in a new Haymarket subdivision.

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You wish.  We own new and old homes, close in.  We know the market inside and out.  You sound crazy, paranoid or both.

No one is saying the old homes in PH are worth more than old homes elsewhere.  But close in (read slowly now): the worth is in the land. How many times are you going to try to ignore this?  A rhetorical question. of course.

Is the worth of the land going to increase in PH?  Yes. Just as quickly as any other close in area.  Will new homes always be worth more than old homes, close in?  Yes.  Whether or not OP likes it.   :shock:

I honestly don't know anything about further out, that is not one of our investments.  Simply because further out has yet to catch up with closer in, in the last 40 years.

Don't worry your pretty little head about what people with money are doing.  They don't care about you.

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