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Reply to "How much higher do you think DC area prices can go long-term?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is getting difficult for first-timers to afford. Good that this group is not needed in order for values to continue to rise due to the influx of cash from all around the world.[/quote] I think there may be some truth to this. Where does this money come from? Are people here THAT much more productive than they are in other places? DH and I are newly arrived Feds. We are completely priced out unless we move way, way out. We'd really like to be able to put some roots down here, but it looks extremely difficult.[/quote] Eh, foreign nationals aren't rushing over to purchase 1940s shacks in Arlington. And as Fed tapers, these foreign currencies will just be worth a whole lot less. http://m.us.wsj.com/articles/BL-REB-23567[/quote] You'd be surprised how many well off foreign nationals live In 1940s "shacks" in N Arlington ...[/quote]
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