Reply to advice on good middle/high schools in Maryland

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I didn't mean to be insensitive to people that were underwater on their mortgages. It's just that my husband and I have sat out the DC market for 10 years now. Even in 2002 we felt it was going up way too high too fast. We ended up moving to KC.

[b]So here we are 10 years later and now the prices in Silver Spring, Takoma Park, and Olney are quite overheated in my opinion. It's frustrating to see home prices still so out of reach for a normal middle-class family. The DC metro basically shuts out people like us.

So I would like to see the prices come back down to reality. DC never had a steep drop as Florida, Arizona, or Nevada did. I think the DC area will have another downward correction in the next few years. [/b]

I know many DC professional journalists who have been holding out for 10 years for home prices to be rational here. [b]We're still waiting[/b].[/quote]

I think you should - as the Spanish say - have a seat while you wait.  Pricing in close-in suburbs like Silver Spring and Takoma Park are not overheated and will not be dropping soon (or ever IMO).  The unemployment rate in this area is very low and many people want to live close to DC - many, many people.  Housing for neighborhoods like the ones discussed on this thread has maintained its value.  We live inside the Beltway in Silver Spring and the value of our house has not dropped significantly in the past several years.

Home prices are high, but not out of reach for a normal middle-class family (depending on how you define that) - but you do need to drop your expectations vis-a-vis eat-in kitchens, master baths, garages, foyers.  A middle-class family can find housing, but it won't be a spacious, well-appointed house of the kind you can likely afford in KS.  Then again, you will not be living in KS.

Good luck.[/quote]

It seems that most peoples expectations of what a "middle class" house is are also a bit warped.   When I was growing up in Fairfax, our solidly middle class house was about 1800 sq.feet, had a carport and linoleum and Formica everywhere.  People freak now if the kitchen in a house they're looking at has "outdated" granite.[/quote]

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