Reply to Monthly fees are $1500 for the new luxury retirement enclave in McLean

Forum Index » Real Estate

Reply to "Monthly fees are $1500 for the new luxury retirement enclave in McLean"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]If you ever looked at condos in DC, you'd know that $1500 is typical, even over $2000, for a 2-bed in nicer buildings.

A PP commented about wealthy boomers. But people are overlooking that gen X and millennials, at least the top 20%,  are going to be even richer due to fat 401ks and inheritances and I expect costs for premium independent living communities to only soar. I'm still 20 years from retirement but market gains and investments and likely share of parents' estate has me realizing I'm going to have a lot more in retirement than I ever expected. [/quote]

You are being optimistic.  One big market crash can wipe out a lot of this.  Not like this never happened.  Also COL is rising, it only takes COL rising higher than appreciation of your assets to make you feel poor when you aren't earning any income or generating wealth.

Plus, there are many opportunities for "independent" living that's not a master planned anything where you have to pay more fees.  You can just buy a condo literally anywhere in any walkable city, including DC and live well in the middle of the city without the need for special services that are only important maybe in car dependent places.

It's funny how they show the photos of Tysons when this community is not anywhere near Tysons and isn't accessible by metro.  Whole foods, really?  :lol:   You have to drive there, this community is walkable only to the Mclean downtown area, and requires a bus to get to Tysons if using public transit.   [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics