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Reply to "Buying and razing a home in Pimmit Hills"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] You don't live there - what do you know about what vast majority in PH looks like? If you do, and hate it as much as you do, there's drugs for that. Older homes are (still) a (shrinking) majority, but hardly a vast one, as one teardown follows another. [/quote] I've driven around the area plenty of times. The vast majority of PH consists of tired old houses and poorly kept yards, with random McMansions here and there. No one should buy into the fantasy that it's going to be the next North Arlington or that all the old houses will have been torn down five years from now. Sorry if it bothers you when the truth is pointed out. [/quote] Maybe you should drive around there again, although I do wonder what keeps you coming down not just once but plenty of times - appetite for ugly? Majority of PH is still old homes, but not a vast one; in two years I've been here I can count dozens of new construction sites. Slowly, their numbers are growing. How long it will take, no one can say. And let's just point out one thing again: North Arlington isn't popular on account of its looks. It's a great area, but that thing called beauty ranks very, very low on the list of its advantages. [/quote] It is popular on acount of its looks. Have you been to Country Club Hills, Chain Bridge Forest, Lyon Village or Cherrydale, just to pick a few places? They are full of beautiful homes. Pimmit Hills, on the other hand, is only "popular" because housing is in short supply right now, and the only transition there has been from a run-down dump to a run-down dump mixed with some of the region's tackiest McMansions. There are virtually no distinctive or eye-pleasing houses there. So calling it the next North Arlington is a very big stretch. [/quote] Pimmit hills is only popular now? Bull shit, homes have been going under contract very quickly for the last 3-5 years. People want the McLean /West Falls Church location but don't have or want to pay McLean prices. Take a stroll down memory lane of what n Arlington used to look like before the metro. One could argue that N Arlington have even more ridiculous new homes because lots are almost sometimes half the size and width of the Pimmit Hills lots. Notice how a lot of the homes have the most ridiculous 2 story stairs with garage in the basement? As I browse these Arlington homes what is interesting is there is SOOO much inventory. [b]In pimmit hills a new home comes about every few months and goes under contract pretty quickly. [/b] [b]Could there be an over supply of new very expensive Unaffordable homes in north Arlington? The answer is YES.[/b] [/quote] Why is this surprising? Any area with inexpensive housing inside beltway and good schools will have very quick sales. The appeal of PH is its prices, it will have a very hard time competing with FC/N.Arlington/Mclean if the prices were close to what homes go for in these areas. Once the prices rise, things will equalize and inventory will sit longer, no magic here. I don't know why people are getting so irrationally overjoyed about quick sales of homes below certain price range or brand new construction homes for 1 mil and under, which cannot be had in any other area nearby. [/quote]
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