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[quote=Anonymous][quote=Anonymous]Anonymous 11:19 wrote: 
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8. Tolerate living in an older/smaller/shabbier home in an otherwise good location. (This is a subset of #3, I guess.) [/quote]
I wish, but I think that train left the station a while ago. [i]Any[/i] houses, regardless of condition are snapped up in bidding wars if they are in good areas. In fact, the smaller they are the more voraciously they are sought because the starting price point is usually more affordable (and hence the bidding up).[/quote]

It all depends on what you call a "good" area.

BTW - I am single, purchased on my own, low down payment (5%) in Arlington, 3 br, 2 b, SFH post 2008. My house significant needed updating - windows, heating/AC, kitchen, bath, extensive yard work, etc. I fall into category #8. I purchased in a wonderful South Arlington neighborhood. The house needed certain things to make it 'liveable' and now I am moving through my wish list.  Look at the potential of a property, not what is in front of you.

You need to adjust your standards.  Living close in is going to cost you, no doubt about it. It will either come from your (or your family's) wallet, your home ideals, your comfort level or your sweat equity - the choice is yours.[/quote]

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