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Reply to "Great Falls appreciation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of peple work at Fannie Mae, Freddie Mac Navy Federal, Akamai and Great Falls is actually on the right side of highway and can take backroads to work. It is far out depending on where you commute from. [/quote] I think the old paradigm was that you needed to work in DC to make the type of money needed to afford a house in Great Falls. That hasn't been true for years. There are plenty of high-paying jobs along the Tysons-Dulles corridor, and some people can make a lot of money working from home. [/quote] True, but there is more to it than job commutes. There isn’t much around GF in terms of amenities compared to more central areas closer to Tysons,DC, Arlington. GF retail/dining/entertainment is rather anemic. Also the roads, while beautiful are more in danger of closures during any type of bad weather event. You have to be prepared for power outages and being stuck unable to leave if the road is blocked. Some roads are private too. It’s not for everyone. This type of maintenance costs money. [/quote] Still cheaper than the 1,000+ a month HOA dues for a luxury condo in Tysons. [/quote] You have to compare apples-to-apples costs. Does the luxury condo have a gym and pool? If you want that in GF you are either joining a club and paying extra or building and maintaining yourself. Also, condo HOA fees cover exterior building insurance so you are only paying for renter’s insurance on your belongings. That is saving hundreds of dollars per month on homeowners. I would imagine most GF homeowners are easily paying $1,000/month on homeowners insurance and home maintenance.[/quote] 1k homeowners insurance? Is this some natural disaster area or is it a 5 acre estate with a 12K house? [/quote] You have to read, homeowners insurance plus home/landscaping maintenance costs could easily get to $1k/month in GF.[/quote]
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