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[quote=Anonymous][quote=Anonymous]
[b]Prices have increased at a higher rater than salaries, OP. You knew that, right?
[/b]
Everyone is in the same boat.

We're still not sure if the US can avoid a recession in 2023 and 2024, but even if there is a recession, upper NW, Bethesda, Chevy Chase and some areas of NoVa will always increase in price.

So unless you're benefiting from free preK in DC, I'd move to MD or VA right away, in an area with great public schools and public transport - not necessarily to put your kids in there, but to guarantee the continued value of your house. It's an investment consideration. Of course the excellent public school clusters will also be expensive. I'm in Bethesda just west of downtown, and houses are 2M+ here.

[/quote]

We're at a weird point where if you have to save to build a down payment, you likely will never actually get the house you want because the rate at which you can save and earn a return on the savings is going to be dwarfed by appreciation. I'd say something has to give, but the only difference between now and 15 years ago is that now it's people trying to save 1.5 million for the SFH home and then it was people trying to save 1M for that same home [/quote]

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