Reply to Brent, Maury & Watkins Trend-lines

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[quote=Anonymous]Check yourself, "using Hill houses as an ATM" poster.  I'm a Hill mom who bought in 2001.  While I can't speak for everyone who lives here, I can say that, among my circle of friends on the Hill, no one is even close to being underwater on their house, whether because of home equity loans for renovations or otherwise.  Conservatively speaking, my profit on an as-is, "I ain't staging nothin', don't mind that pile of laundry" sale of our home would be more than enough for a 20% down on the magical, mystical $1m+ house that's spoken of so often on DCUM.

I've stayed here because my daughter and I love the neighborhood and our neighbors; I love it here more than I love the idea of selling my home at a profit.  She's in DCPS now, and I am happy with her school and teacher. But, for external reasons, I'm looking at private for next year.  If my home equity becomes an issue in the FA process, then so be it.  I'll re-evaluate my position on staying here then, but not before.  [/quote]

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