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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some desperate buyers who could not outbid are having hope. Please dont even think about it. Prices are not coming down. Stop looking if you cannot afford.[/quote] +1 Stop wasting realtors time. Even the ones at redfin. If you were hoping to find a 700k SFH but they are now selling at 900k-1.1 mill- either change your kids school, buy a townhome instead, or continue renting at 3-4K a year and stop thinking a bubble is going to happen in the DMV. Amazon hasn’t even hired all of its people yet. Neither has Microsoft or Facebook for this area. Micron is still working on its factory in Manassas. AWS is still actively hiring. The market isn’t bursting any time soon- some fixer uppers might come on the market in the next few months, but you won’t find any gems. People are holding off until next spring. Or renting out their homes. But my realtor friends are tired of you wasting their time with the whole “oh, we’re just looking” bs. Inventory is not going to just suddenly explode here. Real estate is not like going to Costco or something. There is only so much land. And only so many people who are willing to part with it. Just looking around is just wasting everyone’s time. And if you are watching HGTV- the reality is that this area is not Waco TX. This area is turning into SF or Seattle. The faster you realize that, the faster you can join the rest of us in the real world. [/quote] I wasn't even going to respond to this but let me ask a couple qs. Why would microsoft, fb, aws come to nova to work when they have so many better options for location? Most of these tech jobs will be filled by locals or early career folks who could care less about buying a family home in DC. You need a TS clearance to even apply for all of the tech jobs in microsoft so a majority of the people flooding in can't even apply there. Facebook is in DC and offered a fully remote option for all levels so even if someone would want to come to DC, you think they will want to buy a house and settle down here? Sounds like you're a realtor who's salty about reality. [/quote]
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