Reply to Housing is the new source of inequality

Forum Index » Real Estate

Reply to "Housing is the new source of inequality"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Homes are definitely affordable. Maybe in Woodbridge or Stafford. But they’re affordable. You’re just picky [/quote]

They're not, though. I live all the way up in Frederick, in a tiny rowhouse that we're sinking tons of money and time into fixing up, and if I were buying now, between interest rates and price increases, my monthly payment would likely double (or close to it). At these rates, lots of middle class families cant afford the "affordable" homes you're talking about. And I bought TWO YEARS AGO; if I'd been able to buy two years earlier I'm positive I'd be in an SFH.

I really think we're in for either a price correction, or increasing domination of the housing market by big companies that rent out homes that would have been owner-occupied 10 years earlier. I hope it's the first, even though it would make my own property values go down, because the second is grim. [/quote]

Again, they are. You’re just picky. There are homes in Stafford or Woodbridge that are very affordable. People want a big nice turnkey house with a 40k salary with 60k in debt. Nobody told you to get into debt. That was your choice. Period.

I don’t feel bad for people who say they “can’t”. You can. But you should’ve been preparing and not just expecting nice things to fall into your lap, or you won’t go farther out where you can afford. [/quote]

DP who also moved to Frederick County during the pandemic. Agree with PP. I bought a sfh in 2020 and it would be quite a stretch to buy it now. I followed schools, up the red line, and couldn’t afford anything until I got to Frederick County. I was not looking for “Turnkey” or anything close. Literally wanted good schools and good bones (for the house). Neighborhood was also a factor. Moved from Van Ness to up here and wanted my kid to experience something more surburban (i.e. playing in the backyard, riding bikes in the street, water balloon fights, etc). I work in MD and prefer living in MD. Woodbridge was never an option and I wanted to stay within an hour’s drive to work. Most people “get into debt” when they buy a home. It’s called a mortgage. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics