Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This market is going to seem a meaningful correction soon. At some point, the math has to work.

What makes you think "the math" doesn't "work"? You finding it shocking or wrong that homes are this expensive in this area doesn't mean anything. Willing buyer/willing seller. Sometimes I think this forum is full of people who still have the 1985 purchasing power of 1M in their heads, who can't accept that 1M isn't what it used to be.

The gap between the income level and pricing level has gotten far too wide. Ultimately, the buy universe gets thinner and thinner and eventually you get a reversion to the mean with a bunch of late buyers caught in the “prices only go up euphoria” holding the bag. Very similar to the dynamics you often see at the tail end of an overbought financial market. At the end of the day, just my humble opinion — I had this same opinion back in late 2006 / early 2007. Time will tell if I’m right or wrong…

I think there are too many rich lawyers, plus people whose stock investments have done well. We'll need biglaw layoffs plus a stock market correction. The stock market correction may have begun, which means that the layoffs may not be far behind.

I agree -- there is plenty of money floating around here. But I see the above posters point and am personally remaining on the sidelines and renting for now... and I am also hearing anecdotally that law firms will be slimming down / seeing some AI pressures. This will likely impact the be more pronounced on the incoming associate classes, more junior level associates.

The problem with builder grade spec projects is usually that they are cheaply done and without good planning. Sometimes, in the rush to finish, they leak.
Here is what bothers me most about these projects - they are thin and cheap. And they look it.
The plane of the exterior wall is just an inch or two in front of the window. That is a thin wall. The roof looks thin too. Those are supposed to keep out the cold?
The giant burp of garage has NO curb appeal. My IL's neighborhood in Bethesda used to prohibit front facing garages because they brought down the property value for everyone.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This market is going to seem a meaningful correction soon. At some point, the math has to work.

What makes you think "the math" doesn't "work"? You finding it shocking or wrong that homes are this expensive in this area doesn't mean anything. Willing buyer/willing seller. Sometimes I think this forum is full of people who still have the 1985 purchasing power of 1M in their heads, who can't accept that 1M isn't what it used to be.

The gap between the income level and pricing level has gotten far too wide. Ultimately, the buy universe gets thinner and thinner and eventually you get a reversion to the mean with a bunch of late buyers caught in the “prices only go up euphoria” holding the bag. Very similar to the dynamics you often see at the tail end of an overbought financial market. At the end of the day, just my humble opinion — I had this same opinion back in late 2006 / early 2007. Time will tell if I’m right or wrong…

I think there are too many rich lawyers, plus people whose stock investments have done well. We'll need biglaw layoffs plus a stock market correction. The stock market correction may have begun, which means that the layoffs may not be far behind.

Anonymous wrote:

Anonymous wrote:This market is going to seem a meaningful correction soon. At some point, the math has to work.

What makes you think "the math" doesn't "work"? You finding it shocking or wrong that homes are this expensive in this area doesn't mean anything. Willing buyer/willing seller. Sometimes I think this forum is full of people who still have the 1985 purchasing power of 1M in their heads, who can't accept that 1M isn't what it used to be.

The gap between the income level and pricing level has gotten far too wide. Ultimately, the buy universe gets thinner and thinner and eventually you get a reversion to the mean with a bunch of late buyers caught in the “prices only go up euphoria” holding the bag. Very similar to the dynamics you often see at the tail end of an overbought financial market. At the end of the day, just my humble opinion — I had this same opinion back in late 2006 / early 2007. Time will tell if I’m right or wrong…

I really hate it when people flip the porcelain slabs next to each other to create a mirror pattern. It looks like a vagina people!

Anonymous wrote:This market is going to seem a meaningful correction soon. At some point, the math has to work.

What makes you think "the math" doesn't "work"? You finding it shocking or wrong that homes are this expensive in this area doesn't mean anything. Willing buyer/willing seller. Sometimes I think this forum is full of people who still have the 1985 purchasing power of 1M in their heads, who can't accept that 1M isn't what it used to be.

Anonymous wrote:The Walton's house (really Hamner house) in Schuyler was more architecturally cohesive than the one in the URL. More livable floor plan, too.

If your taste and lifestyle is early-20th century...

I think these are called "modern farmhouse," not craftsman. I hate the style and I used to like them--about 10 years ago. They seem dated now and there are a lot of bad examples and so many that they look cookie-cutter now. One thing I dislike the most are the black windows.

This market is going to seem a meaningful correction soon. At some point, the math has to work.

I hate the big dumb houses that have oversized, non sensical rooms. Give me a well designed house that has a decent yard.

Alas, the developers don't make bank this way. Getting ahold of a lot to build a smartly designed custom home on it feels almost impossible.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is one of the better ones. Come to Arlington and see what we’re building here and you’ll come to appreciate moco and NW DC new builds more.

The "best" parts of Arlington are probably more expensive per SF than MoCo and some of NWDC. I agree, the quality isn't there, but people are paying for location and the schools. It is what it is. I'll move somewhere else for ambiance eventually.

Untrue. Just go into Zillow and compare the most expensive houses in Bethesda vs the most expensive in N Arlington. Bethesda is more expensive at the high end, even if you do the "per SF" calculation. I like N Arlington, but I think Bethesda is nicer and more established.

As for the house OP posted, it is really nice and well done. Check out the thread on Stephen Miller's house if you want to see something that is truly hideous.

I'm probably not going to do that, but ok.

That tiny dump is going for over 3M...how??? Why???

The Walton's house (really Hamner house) in Schuyler was more architecturally cohesive than the one in the URL. More livable floor plan, too.

Anonymous wrote:

Anonymous wrote:I’m sure OP is just jealous bc he lives in some Home Alone wannabe 90s style tacky all brick dump in Fort Hunt, barely scraping by on his “vp of government affairs” salary at some obsolete trade group

Oh, I would love that Home Alone house and would take it any day over this house. This new style is going to be so dated soon, whereas the Home Alone House is a classic style that is never off trend.

+1

Anonymous wrote:

Anonymous wrote:I’m sure OP is just jealous bc he lives in some Home Alone wannabe 90s style tacky all brick dump in Fort Hunt, barely scraping by on his “vp of government affairs” salary at some obsolete trade group

Oh, I would love that Home Alone house and would take it any day over this house. This new style is going to be so dated soon, whereas the Home Alone House is a classic style that is never off trend.

Let me guess -- you still live in the house you bought in 1987?