Reply to Stuck - House will sell, but no houses to buy!

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[quote=Anonymous][quote=Anonymous]Can someone give me an example between a starter house and McMansion in Arlington?  That is all I have seen!  I do not think people renovate it with modest budget and sell.  Maybe all the starter homes stay "starter" forever?

One reason I do not like Arlington.  If you do not have $1.5m to spend, your house looks cramped and starter.[/quote]

We live in one of those red brick colonials that are all over Arlington.  We don't have the lot size/shape to bump out.  So we are stuck in a two bedroom that we bought 8 years ago and need three bedrooms now.  There are lots of colonials where people have bumped out the back to add a master suite, expanded kitchen, and main level family room.  But we've only seen one come on the market recently (a listing on Jefferson Street that just sold for $885K, if you want to check it out) but that didn't have a basement.  Some people think the bumped out houses look choppy, but we'd be happy with one.  We can't afford new construction starting at $1.3K.  There is no inventory in N. Arlington now in the $800-$1.1 range.  I think that is why when you drive around you can now see so many of those "build on your own lot" companies doing steady business.[/quote]

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