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[quote=Anonymous]On the other hand there are single family homes in the Fort Totten, Bladensburg, Woodridge (not Woodbridge) neighborhood in D.C.  These are small brick homes on mostly quiet streets, some attached some not.  The neighborhoods have few amenities and are on bus lines rather than metro lines.  However, the homes go for 200-300K.  The schools aren't great but there are charter work-arounds for that or pretty inexpensive private options not too far away (Christian Family Montessori, St. Jerome, etc.).

These neighborhoods are not known and have a sort of run-down, industrial feel, but are the next places to gentrify.  They are the Shaw/Petworth of 15 years ago.

We moved into a similar neighborhood 15 years ago and bought our bungalow for $149k.  At the time it was a stretch and I worried about finances all the time.  Now we can do pretty much what we want to do because our mortgage is so low in comparison to everything else.  I think home ownership is what gets you ahead, for the simple reason that mortgages don't go up but salaries and rent do.  After 10 years a mortgage seems very low unless you've refinanced over and over.  [/quote]

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