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Reply to "The seven paths to DC-area home ownership"
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[quote=Anonymous][quote=Anonymous]Anonymous 11:19 wrote: [quote] 8. Tolerate living in an older/smaller/shabbier home in an otherwise good location. (This is a subset of #3, I guess.) [/quote] I wish, but I think that train left the station a while ago. [i]Any[/i] houses, regardless of condition are snapped up in bidding wars if they are in good areas. In fact, the smaller they are the more voraciously they are sought because the starting price point is usually more affordable (and hence the bidding up).[/quote] But of course the definition of "good" areas changes over time. When I got here in the early 90s no one wanted to buy in Adams Morgan-- forget Shaw or 14th st or Cap Hill past 7th st.. Now I have friends buying in Michigan Park or Brookland. And similar stuff happens with suburban MD (or I bet Va. but I know that area less).[/quote]
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