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[quote=Anonymous][quote=Anonymous]We have never had this issue and could sell within a year for profit or break even , the best rule is to first select only areas inside the beltway with too schools like McLean or langley high zones in Virginia or W schools in Bethesda. Then choose a single family home, then start from there , if you can't do it don't buy . Remember to stretch as far as possible because those areas insulate all loses [/quote]

It really depends on your goals. We bought in an area that is often mocked on this board, but our house is walkable to everything (including metro) and would have cost at least double in the areas you mentioned. It's gone up about 50% in the 12 years that we've owned. With the money we saved, we've taken lots of nice vacations and invested a lot in the stock market, which has done very well. And even though the public schools might not be as prestigious, both of our kids were accepted to top 25 colleges. I'm glad we didn't sink a lot of money into a more expensive house, because it really would have limited us financially. And housing appreciation is always deceptive because just looking at the increase masks how much you've spent wasted along the way in property taxes and interest (most of which you don't get back through tax deductions).

If we had tried to sell within a few years of owning (like OP), we would have likely lost money also. It really helps to have a long time horizon when buying. [/quote]

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