Anonymous wrote:Yeah it's definitely all about OP's attitude problem:

https://money.com/housing-affordability-lowest-level-in-history/

Look, OP was in the position to buy a $1.2 million house a couple years ago, as a single mom, right after her divorce. She must make pretty good money, well above average, to be in that position! Now why didn't she pull the trigger? It looks like she's pretty picky about what she considers "nice" and good enough. My guess is she was always finding one thing wrong with every house she saw, kept holding out waiting for the perfect house, on the perfect street, with the best schools, etc. If she had lowered her standards just a little, she could've bought a place for say $1 million back then instead of $1.2 million. It would probably be worth much more today. I'd be kicking myself, too.

But even still, she has money today, she could probably buy in the $800-900k range. But those houses aren't good enough for her to want to move out of her 2bd rental. Which is fine, that is her choice, and many others might make the same choice.

But yes, all this whining about it is most definitely her attitude problem.

Anonymous wrote:All the people supporting OP’s “depression” over not being able to buy a perfect house for a million dollars are on the wrong side of things here. Those of us pointing out that she has an attitude problem are not the ones living in $2 million houses that we bought 20 years ago. We’re the ones living in small townhouses and row houses with imperfect school zones and STILL managing to contentedly raise children and live our lives. There are literally hundreds of thousands of families in the DMV who live in houses valued under $1 million, and you’re dismissing all those houses as shitty or unacceptable.

This. DH and I lived in a small townhome in Annandale when we first got married. Most PPs here would BALK at that choice but mortgage was cheap and we made due with the space. Nearly a decade later, we upgraded to a SFH in a better school district with a more family-centric design. Our income has significantly increased since then but we still do not live in a $1M home.

DCUM is too busy crying into their lattes about not keeping up with the Joneses. I don't feel sorry for any of y'all.

https://dqydj.com/historical-home-affordability/

Yeah it's definitely all about OP's attitude problem:

https://money.com/housing-affordability-lowest-level-in-history/

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have insanely low property tax and home insurance in the DMV. That is a plus.

In California with prop 13 new home buyers pay massive property taxes. Plus huge homeowners insurance do to earthquakes and wild fires

In Florida property property taxes very big and you have expensive homeowners insurance and flood insurance

In Long Island. Westchester and Northern NJ property taxes are massive. Like 3X DMV on a large house.

We also earn much higher than average income and most couples dual income.

If anything homes are underpriced in the DMV

You need to compare specifics. We moved from DC to FL, and our property tax, homeowners insurance, and auto insurance all went down. We don't need flood insurance.

In 2023 things are different. Older people from the Golden Girls era it was cheaper.

We just bought a few weeks ago, in a great school district with lots of kids. That's why you need to compare specifics.

How much? Where?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have insanely low property tax and home insurance in the DMV. That is a plus.

In California with prop 13 new home buyers pay massive property taxes. Plus huge homeowners insurance do to earthquakes and wild fires

In Florida property property taxes very big and you have expensive homeowners insurance and flood insurance

In Long Island. Westchester and Northern NJ property taxes are massive. Like 3X DMV on a large house.

We also earn much higher than average income and most couples dual income.

If anything homes are underpriced in the DMV

You need to compare specifics. We moved from DC to FL, and our property tax, homeowners insurance, and auto insurance all went down. We don't need flood insurance.

In 2023 things are different. Older people from the Golden Girls era it was cheaper.

We just bought a few weeks ago, in a great school district with lots of kids. That's why you need to compare specifics.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How many times have you posted about this before, OP? Are you the mom of two teens who wants to spend $1 Million? I don't feel sorry for you. If you compromise on location, you can get exactly what you need - and I mean 15 minutes further away than you live now will get you something nice.

+1

What areas are you looking in, OP? We can give some suggestions.

I have seen enough from this OP that I am not inclined to offer any suggestions, other than that she should grow up. She's insufferable.

DP here, but please feel free to leave this thread if you're not going to help. Housing affordability is at a historic low. This really hurts the financial picture and standard of living for buyers like OP. It's not "insufferable" to be sad that you can no longer afford the type of home that you were saving for, even if someone else has it worse.

No, I don't think so. I'm going to stay and continue to point out what a histrionic buffoon OP is.

Yea op had an issue. Vast majority of people dream of a million dollar home. A lot of people that live in million dollar homes didn’t buy it for a million. Buy a house and live in it, I know it’s a novel concept and eventually you’ll have a million dollar home too.

Envy and regret are happiness thieves. Teach your kids to bloom where they are planted and you are giving them a gift that can’t be measured in square footage.

Anonymous wrote:

Anonymous wrote:Rates for residential primary homes should be capped at 3%

Then house price inflation would just be even higher.

If you really want homes to be affordable you would need to do something to increase supply, eg get rid of zoning.

Prices might be higher but monthly payments would be more affordable and there would be more inventory. Interest rates are not imaginary, a 500k house with 7% interest rate costs more than a 500k house at a 3% interest rate, despite what seller and homebuilders think

Anonymous wrote:Rates for residential primary homes should be capped at 3%

Then house price inflation would just be even higher.

If you really want homes to be affordable you would need to do something to increase supply, eg get rid of zoning.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s very hard to be sympathetic to someone who has over a million dollars to spend on a house when we are happily raising our teens in a 3-bedroom rowhouse in DC that would sell for significantly less than that. There are thousands of other families doing the same. I would like to live on a cliff overlooking the Pacific and have a fenced in acre for my dog, but I’m not “suicidal” because that isn’t in the cards (or my budget). You are always going to be dissatisfied with something if you don’t change your outlook, OP.

You're missing the point. OP and others were able to have that but they didn't buy and suddenly they couldn't have it anymore. That stings. Why do you click on these threads if you're just here to kick the posters when they're down?

My point was that OP (who apparently has a million to spend) has a lot of options. She seems determined to not accept any of them. Even in DC, anyone with a million-dollar budget is not “down.”

OP and I do not have a million to spend. A million dollar home is not a million dollars to spend, and a million dollars does not get you anything nice around here anymore.

You seem determined to make yourself as unsympathetic as possible, OP. Good work.

Anonymous wrote:I don’t think everyone knew how quickly they would go up or that once they did things would start selling for 3-400K over ask and never go back to prices of even a couple of years ago. He

Remember “transitory inflation”/“supply chain problems”?

Transitory inflation doesn’t mean prices fall. Just that they stop going up.

Anonymous wrote:

Anonymous wrote:We have insanely low property tax and home insurance in the DMV. That is a plus.

In California with prop 13 new home buyers pay massive property taxes. Plus huge homeowners insurance do to earthquakes and wild fires

In Florida property property taxes very big and you have expensive homeowners insurance and flood insurance

In Long Island. Westchester and Northern NJ property taxes are massive. Like 3X DMV on a large house.

We also earn much higher than average income and most couples dual income.

If anything homes are underpriced in the DMV

You need to compare specifics. We moved from DC to FL, and our property tax, homeowners insurance, and auto insurance all went down. We don't need flood insurance.

In 2023 things are different. Older people from the Golden Girls era it was cheaper.

All the people supporting OP’s “depression” over not being able to buy a perfect house for a million dollars are on the wrong side of things here. Those of us pointing out that she has an attitude problem are not the ones living in $2 million houses that we bought 20 years ago. We’re the ones living in small townhouses and row houses with imperfect school zones and STILL managing to contentedly raise children and live our lives. There are literally hundreds of thousands of families in the DMV who live in houses valued under $1 million, and you’re dismissing all those houses as shitty or unacceptable.