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Reply to "This tear down was priced under a million and it sold for more 20% above asking. "
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[quote=Anonymous][quote=Anonymous]I’ve said this many times on other threads - we are nowhere near the ceiling here. People make too much money. Add in all of the OpenAI / Anthropic / defense tech jobs opening up here and we’re quickly looking at near SF prices based on inventory. Lots of buzzy startups are based in Arlington too and their founders live local. Let’s say OpenAI goes public and there’s 250 employees in DC. They’ve each made on average $5M via PPUs that convert to RSUs (that’s a low estimate BTW - our friend there had a $1M original grant now worth $20M+ for 7 YOE). Let’s say 25 of them are ready to buy their forever home and like Arlington and want walkability. But there’s only 1 house for sale in Lyon Village for $3.5M and a handful in Ashton Heights / Lyon Park for $3-3.4M. What happens?[/quote] A bunch of people who don’t work for Open AI but live in Lyon Village start selling their homes in hopes of making 3.4 mill[/quote]
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