Reply to Where is the price ceiling in N Arlington?

Forum Index » Real Estate

Reply to "Where is the price ceiling in N Arlington?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The top end of N Arlington houses, esp in desirable areas like Lyon Village, is being pushed up by young families with big generational wealth, older individuals already with high net worth (this is the 4.2 mil LV house, owner admitted to overpaying to me but didn’t care because $$ don’t matter much), and also families with slightly older kids with parents in big law or comparable trying to keep up.

I think the first two are really raising the bar. For a big law family without much generation wealth, it will take many years to accrue the down payment and reach an income to move into a 3 mil plus house. Those with generational wealth or just older folks with lots of dough just move in. A lot of people are also still sitting with excess cash from the pandemic and big market gains.

The secondary effects are that more “modest” and less expensive new construction homes move up in price, old homes go up in price, and lots (impossible to get in the nice areas), go up as well.

Sigh…. It’s not worth it in N Arlington[/quote]

It’s worth to me. I like the quality of life here. I can walk to 80%+ of my weekly errands and I don’t feel bored by my daily interactions. That’s worth whatever I need to pay for it. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics