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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our house cost $600k and is still worth under a million. We have a nice (though unmodernized) 4 bedroom in a great school district (BCC) within easy walk of the metro.

Our compromise was buying on a busy road. There will always be compromises. But we are immensely grateful for what we have had and have loved raising kids here.

So no, I don’t have much sympathy with OP. I think having a better attitude would solve all her problems.[/quote]

Fine, don't have sympathy for OP.

But I hope you understand that there are many people who have been priced out of the market, even buying an unmodernized house on a busy road, because not only can they not afford the 800-900k it would now list at, but they might not even be able to by it at 600k as you did, because rate increases make that 600k house significantly more expensive.

You can't "better attitude" your way out of simply being priced out of an entire market. 10 years ago in this area, people looking for starter homes around 500k could find them. They'd have to make compromises on size, location, schools, and upgrades, but you could buy something and get onto the property ladder. Now you can't. Now it's hard to find that for 750k and it all costs more -- the mortgage, the closing costs, any minor upgrades you might make to a fixer upper so it works for you.

A lot of us are just SOL. And now have to decide between moving way out with a long commute (the people in this position don't tend to have super flexible, remote jobs they can take wherever), waiting a couple years to see if we can save up more/increase incomes to make it easier (risking prices going up even more), or uproot and just head somewhere else. These options suck. I would LOVE an unmodernized house on a busy street with good schools. Seriously, I'm to the point where I think I'd give up my non-dominant hand for it.[/quote]

If you are open to TH there are many options.  Here's one that's very close in:
https://www.redfin.com/VA/Arlington/921-S-Rolfe-St-22204/unit-2/home/11263547
[/quote]

Thank you, yes, this is the kind of thing we put in offers for. We are looking at MD, not VA, for commute reasons. But we'll see what it sells for -- there is often stiff competition for places like this and we've yet to win out. Our target price is 550k, we could stretch to 600k (painfully), if it goes for 650k we can't do it. [b]And if someone comes in with all cash, shorter close, waiving inspection, etc., we can't compete because we can't do any of those things.[/quote][/b]

This is a big issue these “suck it up” people forget about. [/quote]

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