Reply to My aunt started working as a maid at the Watergate after graduating HS & bought a home in Arlington

Forum Index » Real Estate

Reply to "My aunt started working as a maid at the Watergate after graduating HS & bought a home in Arlington"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hispanic are buying houses in DMV their their landscaping or maid income.  Many of them own houses in Rockville, SS, Gaithurberg.  20-30 years from now,, the value of their houses will double$ or triple.[/quote]
Do they pay taxes on their income or they work under the table?[/quote]

I don't know (not that pp) but the hispanic families who own in my neighborhood usually have several adults living in the house and they all park their work trucks on the street. I mean, there is enough room and they don't cause any issues yet. Seems like adult kids and other adult relatives live with them and they all pool together to afford the house.

My white relatives did this during the great depression. Had three generations living together: grandparents, three uncles, and one aunt, her dh and kids. Same kind of thing. [/quote]

It's not just you. It's that way in my 'hood and all over the county. The entire metro area, actually.

They'll buy cheap (for this area) houses, usually older houses that should be gutted or, at least, updated, then cram everyone they can into the house. In many cases, they'll slap on cheap and poorly made additions in order to fit more people into the home. Sometimes they'll rent out parts of the home to friends, family, or newly arrived. Sometimes the home almost becomes a motel or a frat house. It must really be annoying to live on streets with multiple houses like this. I have been on streets like this where there is no place to park because there are 8-10 cars per household. But, hey, converting single family homes into 6 unit multi homes is a great idea!

This also contributes the escalating home prices since all the lower end inventory is snatched up quickly and shuts out young, low to mid level class couples from buying a home. And we wonder why so many 25-35 year olds really love Karl Marx these days. To top it all off, most of these homes aren't being updated to modern standards. They are just being lived in. Some to the point of deterioration. So we have parts of the county demoing houses and building mini-mansions and other parts of the county where houses are being held in a state of slow decay. Fun times. [/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