Reply to Best and worst - neighborhoods with significant infill housing construction

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[quote=Anonymous][quote]and the new houses seem to attract a different element, as with any neighborhood. It makes a difference when people can actually afford their house, which seems more prevalent with the new houses than with those who can barely afford it. Since you asked. [/quote]

This is easily picked apart, no?  In these close-in suburbs we're talking about (Arlington, Chevy Chase, and I'll throw in Ward 3 too), the people who live in the 1939 Cape Cod that is still a 1939 Cape Cod (3b2ba) and not a 6,700 sq. ft. Luxury Home By BungalowCraftsman Dreams LLC .... these homeowners are one of two things:

1. They can "afford" (your word) the 1939 Cape because it's paid off completely or has a nominal mortgage for tax reasons.  Owned since 1950, 1970, 1981, etc.  They own the note.

2.  They do have a mortgage and they can afford that because they have jobs.   The sale price of the 1939 Cape (vs. a 2011 behemoth) was in line with their jobs.

North Arlington/Bethesda/Ward 3 isn't Las Vegas or Florida.   I'm told Manassas and parts of PG county ARE, and that there are many people in those who "can[t] actually afford their house."   In contrast, the foreclosure and condemnation rate in the mentioned neighborhoods is basically nil[/quote]

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