Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

Forum Index » Real Estate

Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]No young or old person willingly want to live in suburbs. Well located urban condos do appreciate but even ones not appreciating much are a great stepping stone for homeownership and equity building compared to paying rent to help someone else build equity.[/quote]

Some people do want to live in the suburbs. Not me, but some people do.

We own an urban condo and it's appreciated and was a decent investment but I can acknowledge that we would have seen better appreciation if we'd bought a SFH in a less expensive location, whether in DC or in the suburbs. We wanted the good location in the neighborhood we loved, so we bought the condo and don't regret it. But I will also say that owning a condo in a hot neighborhood also means that we're struggling to move up to a SFH in this neighborhood because the SFHs have appreciated much more steeply than our condo. We also have savings but now with the rate hike, I don't know that we can save aggressively enough to make up the gap while also putting money away for retirement.

It is what it is. You have to go in knowing this is the case, which we did. We can accept the downsides because they didn't come as a shock. But here are downsides and people should know.[/quote]

My condo helped with forced savings AND made 100k profit on top of saved equity so my experience is different and I would totally do it again. Its been a joy walking to and from work and to dinning etc, rent or suburb wouldn't give similar living or saving opportunity. That being said, your mileage may vary.[/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