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Reply to "Thoughts on this house in Arlington (Bluemont)?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How the hell do so many people afford houses at a million or over? Our HHI is 260k, we're doing well, but think this would be out of reach. Are people overextending themselves or paying less than 20% down, or is everyone just at lawfirms, or... [/quote] I am PP who lives in Bon Air. For those of us who purchased before 2007, the prices were much lower. So there are a lot of federal employees. But for those who purchased the newer homes in the last five years, the prices generally are 900k-$1.5m. Those are a different income bracket. Lots of big firm lawyers, doctors, execs at tysons tech companies. [/quote] +1. True in many Arlington neighborhoods. Tear-downs in my immediate area go for $800K, and new construction is $1M+. But most of us on the street bought pre-2005, when prices were much lower, and many of us are government employees of some sort.[/quote]
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