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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

I feel like you’re talking about a different area. What houses are sitting? There’s no SFH east or west of Glenmont on Redfin for more than 7 days. We went to a showing 12 hours after the house listed and someone walked out with their inspector as we arrived. We would be buying updated and finishing a basement right away. We ARE looking further out, that’s how we arrived at Glenmont. Anything farther out is a nonstarter for commutes. [/quote]

I know the area well. Houses are flying now because there is a crazy bubble.

I lived in Foxhall and sold one month before the last bubble burst. The market is just now slightly higher than what it was way back in 2008. Don’t expect to turn a profit and make money to trade up unless you wait to sell during the next bubble. And figure out schools in case you get stuck.

Go grocery shopping at night. See what you think.

Personally, I think you should keep renting, sock away money, and wait for the bubble to burst. Then be ready. [/quote]

Are you the PP who said “which is why houses are sitting.” I’m so confused how they can be both sitting and flying. Also what bubble? Every week someone starts a bubble post and the consensus from everyone but you is that there is no bubble. There’s a housing shortage. Supply and demand.

We have been looking for rentals too for over a year. It’s just as hard as finding a house only more expensive. A mortgage cuts our rent payment by $600. [/quote]

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