Reply to What's Glenmont like?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.redfin.com/MD/Kensington/4019-Lawrence-Ave-20895/home/11029672

Under $550 in 20895. Better commute, and better schools. [/quote]

Love Kensington, but have you not been paying attention to the market lately?[/quote]

Stretch or wait.

But don’t buy on the east side of glenmont...particularly on the cusp of a bubble bursting. You won’t recover your investment when you’ll need to move before kindergarten. Trust me.

We sold our starter home in Foxhall shortly before the last bubble burst—meaning we got a ridiculously inflated price which helped us trade up quite nicely. [/quote]

LOL you sound like my mom “stretch and buy a printing press to make more money!” 550 IS the stretch. We are DCUM poor, we get it.

Also, it’s west side of Glenmont. [/quote]

I meant east and west.

East is nicer, yet the schools are bad.

West is worse. And, some streets don’t have driveways.

The market is inflated. If you buy in glenmont at the top of the market, you won’t be able to trade up unless someone gets a big raise. The schools are bad, so it’s not a desirable area...which is why houses are sitting.

If $550 is your stretch, then keep renting or look further out.

If/when you buy, either buy something updated or take out more than you need on the mortgage so you can update the kitchen and bathrooms. Otherwise, it sounds like you won’t be able to afford it.

I know several couples who foolishly bought in less desirable areas and regretted it. Big financial mistake. [/quote]

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