Reply to two million is the new starter home price for close in neighborhoods

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[quote=Anonymous][quote=Anonymous]In many areas, houses don’t appreciate as much as they used to.  The property ladder requires much more strategy now - and more money to start. Condos and townhouses are especially risky.  So if you bought your starter home 20 years ago, [b]spare is your lectures[/b]. [/quote]

20+ years ago when I bought my starter home, I purchased in Falls Church, Fairfax a 3BR, 2BA Colonial about 1,500 sq ft for less than $300K.  I wanted to purchase a home in Arlington near the Clarendon / Courthouse Metros, but you know what, that area was a shithole 25 years ago, and people wondered why I wanted to live in Arlington, and I got talked out of buying in 22201 / 22209 since it was not a great place to live.  There were strip clubs, dive bars, used car dealerships, and even a murder in a used car lot while I was living there.  It was not always a desirable place to live, but that has changed over time - similar to what will happen to other currently less desirable neighborhoods.  I got on the property ladder, not in the location I wanted, and my future spouse did the same independently.  We are now in Clarendon with a moderate SFH less than 3,500 sq ft.  Just want to remind people that close-in Arlington was not always considered a nice place to live.[/quote]

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