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Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Listen, real estate is crazy. There is nothing like Mt. Prospect coming up in that neck of the woods for many years to come. This is what people are paying. When we bought the windmill palatine model look alike with all the trimmings in phase 1 for 2.1 million 2.5 years ago, even I thought we were crazy. Its appraising for 3.1 million now minimum. Before you call me a toll brother troll, all I will say is if you can afford it ,go for it. So much has been said on the forum over the last 3 years that the estate will go south but it has not happened. Total lots left are about 4. The lots will sell sooner than later and toll brothers will move to the next project. That's how things are. If you can afford it ,get in. If you can not ,keep moving but prices are not crashing. If you believe that, you're living in la la land.[/quote] I hope this thread is alive in five years. Your house may still have held its value at that point but for anyone buying now, they will lose value. That’s great if they are rich enough not to care but not everyone is in that position. [/quote] This comment is so real. You are paying a 500k premium for this community. Also how big is the home that it appraised for 3.1? Which home? After 5 years the prices here will drop 500k at least so i suggest you go elsewhere. Maybe in 20 years you can break even.[/quote]
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