Reply to Concerned about buying in WJ cluster because of re-zoning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Some of the posts in this thread are out of line, but 100K house price reduction can be hard for families stretching it to get to WJ right now. Everyone doesn't make 400K of 800K HHI cited above in this thread. 100K reduction may not matter than much if you hake 400-800K. Some perspective is needed from both sides. [/quote]

You'er delusional if you think houses in the WJ area are going to decrease by $100,000. If schools were so central to housing prices homes in Takoma Park wouldn't be selling for $1M. That's because it's about location first and foremost, and traffic is going to be much worse 3-4 years from now when Woodward opens, which is going to make location even more important.

Homes in the Town of Kensington within walking distance to the shops, Safeway and MARC are still going to be expensive because of the location. Homes near Rockville Pike, Pike and Rose, the White Flint development and two Metros are still going to be expensive because of location. Even homes in Alta Vista will still be expensive because of their proximity to Bethesda and it's $2M+ homes.

Location, location, location. The only area I can see [i]maybe [/i]taking a hit maybe is the area zoned for Farmland, which isn't close to really anything except 270.[/quote]

You only need to compare home prices in Kensington to North Kensington a block or two north.

https://www.redfin.com/MD/Kensington/10608-Lexington-Ct-20895/home/10962729

https://www.redfin.com/MD/Kensington/3805-Archer-Pl-20895/home/11030138

It’s amazing how as soon as you cross the border out of Kensington that prices fall.  Look at Garrett Park Estates vs Viers Mill Village for another example.  [/quote]

It’s a discount for anything zoned to Wheaton or Einstein.[/quote]

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