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][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]

Wrong.  The traffic is terrible here too, so the close in suburbs such as Arlington have become popular (perhaps irrationally so, to some extent).  The point is that it is going to be a locked in rich person's area.[/quote]

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