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Reply to "Are we the only family in the DMV who is priced out?"
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[quote=Anonymous]We fit a similar profile as you OP and we bought (luckily!) in early 2020 when the inventory was still very low for single standalone homes, 4 bedrooms, in good school districts. We had to beat out 12 other offers but somehow won it. Our kids are super happy at school & the community, we both (bc of covid) now work remotely fully. We had bought someplace very close to DC when we were both having to commute. It was a turn key house, but is still pretty modest and we haven’t been able to much work beyond cosmetic stuff. You’re right in that the prices and interest rates have continued to soar. Homes in these ranges are slim to none because nobody can afford to move (only upgrade/renovate if they are lucky) in this current environment. Good luck to you! We are happy with our community, but if we HAD to look now we would’ve been priced out and would’ve had to move much farther out to find something that ticked all the boxes. I still wish we had an extra 1000 square feet, a bigger backyard, a nicer bathroom, but it is what it is and the community and happiness of our kids makes up for all that. Who wants a big house somewhere when you hate your neighborhood? We’ll renovate when we have the extra cash one day. And honestly, what I’ve found is most of the other families in our neighborhood are in similar boats. Even if they’ve lived here for 30 years - their homes are fairly modest but they’ve bought second vacation homes somewhere. Good luck! [/quote]
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