Reply to $899k for a rambler.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know why it bothers people quite so much that other people are willing to spend more than they would on houses in Arlington, unless they are being outbid for the same properties.   Many of us in other areas are also homeowners and can luxuriate in our own phantom equity for now.

Arlington has captured a certain segment of the market that doesn't want to live further out.  It includes, for example, people who can't tolerate the idea of a commute that's more than X miles or Y minutes, and people who moved into Arlington when they were younger, liked it, and decided to stick around.

Its location isn't going to change, but its other advantages aren't necessarily quite so entrenched.  If car traffic diminishes in the region, or mass transit expands to other areas, Arlington's proximity to DC becomes less of an advantage.  If other jurisdictions build more housing that appeals to younger residents, they'll be more likely to stay in those places, rather than seek alternatives like Arlington.   But until these things happen,  Arlington appeals to a lot of people, so you get high prices.  Personally, it's not where I'd want to live, but I don't dictate the market (as much as I might like to).

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There's also the fact that half the area bordering DC is PG County, and that's a big "no go" zone for most people.  If PG County ever fixed its issues and became attractive to people, I wonder what would happen to the prices in these areas?[/quote]

see, another option - live in PG for 1/3 the price and send your kid private.[/quote]

No one wants to live in PG with the crime, corruption, and generally blah environment.[/quote]

Here it is.  I live in PG county and I love it.  My house is beautiful (my dream house/forever home), my husband's commute is easy, my neighbors are sweethearts, our neighborhood school is good, we have no crimes in our area, and my house cost less than 350k.  I can stay at home with my kids if I feel like it.  To each his own I suppose![/quote]

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