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Real Estate
Reply to "The thread for the, "buying under $600,000," crowd. "
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[quote=Anonymous][quote=Anonymous]Honestly, when will the high cost of living in the DC metro area finally encourage talented people and their employers to relocate elsewhere. Six hundred thousand can buy you a very nice life (house, school district, extras) almost anywhere outside this area.[/quote] I am on your side (and probably at or below your price range!) but this isn't really true. Chicago, San Francisco, Los Angeles and NYC are all less affordable than here, yet people still want to buy there (and here). That's why we feel OK about spending nearly half a million, which used to seem like SO much money, on a little rowhouse in an up-and-coming neighborhood. In the six years we've owned it, it has increased in value by about 60%. Our HHI is under $200k, but we would earn way less than that elsewhere. So it makes sense to pay more for a house here.[/quote]
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