Reply to This must be some sort of housing bubble again

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

I said it as an investment and has potential for upwards, meaning if you can get in now it will go up higher than already established "good" neighborhoods. The massive metro centered development nearby, the huge amount of teardowns on every block and the continual increase in quality in the school pyramids are going to transform the PH neighborhood. In McLean this happened to some of the older neighborhoods back in the 80s-90s. [/quote]

actually, if i lived in pimmit hills, i'd invest in asthma medication, since you are surrounded on all sides by massive highways and major roads.  take a deep breath, it's probably worse than living in downtown DC.[/quote]

Haters gonna hate.

[/quote]

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