Reply to Where is the price ceiling in N Arlington?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If I live in a 1.25 million Arlington tear down today, best guess on how much I can sell it for in 10 years?[/quote]
 $1.8 million in 10 years. The Fed consistently errs on the side of inflation rather than risk a recession.
[/quote]

I live in a $1.8 million tear down.  4 million homes going up around us. We get harassed by builders/realtors and our house is in great shape and not even tiny—but compared to the gigantic 6bed;7bath new builds it looks it. We also have a great backyard since it wasn’t built all the way up to the fence.  I really wonder wtf is going on and how a market with 7+ bathrooms close-in is going to sustain with the demographic cliff and people not having kids, or very few.  It’s pretty much the antithesis of a “walkable”, small footprint lifestyle.  You are hard-pressed to find a “normal size” house in housing stock.  Just these Ashburn-looking new builds.[/quote]
Some of the people buying the 7+ bathroom close-in houses right now are single and/or empty-nesters. They like the amenities of being closer to DC vs the farther out in the suburbs and have the income to buy large, new houses. [/quote]

From an investment perspective, sometimes it makes more sense to build larger even if it's unnecessary. It's cheaper per square foot to build larger and when you turn around and sell you can make a larger profit. [/quote]

When we built, we looked at the options and it didn't make sense financially to build a smaller home. [/quote]

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