Reply to This must be some sort of housing bubble again

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP I'm with you on the housing bubble.

This area has terrible housing stock. The ones in the good school districts get top dollar, but are often shitty, falling down or have crazy renovations (we refer to these as the Frankenstein houses). It's totally and unbelievably depressing. For any amount of money, the houses aren't good. 800k should buy you a well made, renovated home, but here it buys you Pimmit Hills or a tear down. Very sobering. What would cost 250k in other areas can be 1.4 million here.

Also what were builders thinking in the 50s-70s here?!! Worst home architecture.[/quote]

What's wrong with pimmit hills? I think it is the best investment with greatest potential for being a top tiered neighborhood.

I live in McLean and wouldn't hesitate to buy in Pimmit Hills but would have 10 years a go.[/quote]

One builder, Paramount Construction, is offering to build similar houses on teardown lots in Pimmit Hills and McLean.  The Pimmit Hills house is on a slightly smaller lot, but $300,000 less.   [/quote]

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