Reply to Initial boundary options for Woodward study area are up

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A home certainly is savings, if you buy it and stay for say longer than 5 years. It’s actually an extremely important asset and investment. But totally agree you should try not to be house poor.

To the PPs who don’t care about losing $100 to $200k, wish I could be you. But I’m just a regular UMC person, trying to be kind and get through life.

[/quote]

I remain flummoxed with people who are fine losing 100 to 200K.  That's....some kind of generational wealth to be like that.

And then to lecture others about their financial acumen?  And that the poors don't need it because "they will get financial aid"?

[/quote]

It's not that we're happy about it. We just accept the reality that assets go up and down in price, and we have some perspective about it. My home losing some value is not going to leave me homeless, cause me to be food insecure, or even tank my retirement. I am not counting on it for that. It is a place to live.

"the poors" are not worried about their home values dropping. They don't own their homes. Stop using them to advance your own financial interests..that's gross.[/quote]

The average home price near Woodward is close to $550,000. Silver Spring is $565,000. Kensington is $845,000. Chevy Chase is $1.4 million. Bethesda is $1.2 million. These are indeed assets and investments (could also be money pits :)

I’m wondering where you found this affordable, fixer upper. All the homes here are expensive and interest rates are high. People need to live close to their jobs (DC) especially if raising kids so not much choice.

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Not in an area you’d live in.  It needed everything.  Very few work in dc.  There are homes for 500-600k, some less.  [/quote]

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