Reply to Won the bid on a 900k house and now I feel sick

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah,it might be tough sledding for a bit, but that 900000 will soon be 1.7 million.  This is Arlington, and prices are never going down again.  So you made a reasonable move.[/quote]

this was my thinking. buy now before you get priced out. for those who think prices won't go higher, look at silicon valley where homes were $1 mil in 2000 and are now $2.5 mil[/quote]

DC ain't silicon valley.[/quote]

But the close in suburbs are.  Or similar to the rich Chicago suburbs.  This now is what it is and it's not turning back.  The 2 million bridge will soon be crossed.[/quote]

Nope. Silicon Valley has a very unique population because of all of the instant millionaires around there and the terrible traffic/limited real estate accessible to Palo Alto/Menlo Park. It drives up the real estate like no other area in the country. We might have the traffic issues, but there is a lot more land here and very few of the instant millionaires. [/quote]

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