Anonymous wrote:

Anonymous wrote:I’ve said this many times on other threads - we are nowhere near the ceiling here. People make too much money. Add in all of the OpenAI / Anthropic / defense tech jobs opening up here and we’re quickly looking at near SF prices based on inventory. Lots of buzzy startups are based in Arlington too and their founders live local.

Let’s say OpenAI goes public and there’s 250 employees in DC. They’ve each made on average $5M via PPUs that convert to RSUs (that’s a low estimate BTW - our friend there had a $1M original grant now worth $20M+ for 7 YOE). Let’s say 25 of them are ready to buy their forever home and like Arlington and want walkability. But there’s only 1 house for sale in Lyon Village for $3.5M and a handful in Ashton Heights / Lyon Park for $3-3.4M.

What happens?

Once AI causes mass layoffs, the tech bros won't need to pay $3.5 million for a house. There will be mass dislocation from this area, and they can pick up that house for a nice discount.

If your scenario is true, why would they do that? The house won't appreciate...in fact it will continue to depreciate because AI will cause even more layoffs the next year, and the year after that, and so on.

Professionally painted (exterior 2025, interior 2026) with refinished hardwoods throughout. Absolutely move-in ready with 4-bedrooms, 2.5-bath and many spaces in the right places for comfortable living. The heart of the home is a charmingly updated kitchen featuring new quartz countertops, a new dishwasher (2025) and plenty of cabinetry opening to a bright dining room. The kitchen transitions to a relaxing screened-in porch, stepping out to a private, fully fenced (2023) backyard. A woodburning fireplace is the focal point of a welcoming living room with an adjacent sunroom ideal for a second office, library, playroom or exercise room. A rare main-level bedroom/den and adjacent powder room offers a perfect guest room, while three bedrooms, en-suite primary bath and a hall bath occupy the upper level. The partially finished basement adds significant living space, featuring an additional office/library, a dedicated workroom, extra storage and a laundry area complete with an upright freezer. Major updates provide ultimate peace of mind, including a new AC (2024), Roof (2017) and Sump Pump (2020).

How it that a tear down? It somes like a house redone.

I actually like this block a lot, and love That it’s got very original and Sweet charm. It’s close to great schools as well - excellent location! Definitely not a tear down, just needs painted and maybe a refresh

Anonymous wrote:

Anonymous wrote:I’ve said this many times on other threads - we are nowhere near the ceiling here. People make too much money. Add in all of the OpenAI / Anthropic / defense tech jobs opening up here and we’re quickly looking at near SF prices based on inventory. Lots of buzzy startups are based in Arlington too and their founders live local.

Let’s say OpenAI goes public and there’s 250 employees in DC. They’ve each made on average $5M via PPUs that convert to RSUs (that’s a low estimate BTW - our friend there had a $1M original grant now worth $20M+ for 7 YOE). Let’s say 25 of them are ready to buy their forever home and like Arlington and want walkability. But there’s only 1 house for sale in Lyon Village for $3.5M and a handful in Ashton Heights / Lyon Park for $3-3.4M.

What happens?

Once AI causes mass layoffs, the tech bros won't need to pay $3.5 million for a house. There will be mass dislocation from this area, and they can pick up that house for a nice discount.

AI won't cause mass layoffs, it might even create more jobs having to police AI use and accuracy of its output. There is already plenty of AI slop causing problems anywhere from tech to legal field. AI won't replace entire teams of workers, it's meant to augment

Anonymous wrote:Am I crazy for thinking this is a nice little house? Not crazy gorgeous or anything, but it seems fine for a starter home?

IKR, it's a nice, convenient neighborhood, and a house is adequate size and condition. It has a very good workable floor plan for a family of 4, even a bedroom on the main floor. It's in good enough condition to move in without having to renovate right away, and renovate gradually while living there (like bathroom by bathroom, basement, etc). IDK where people get this idea that starter homes must be new construction mcMansions or fully remodeled 3k sq.ft older homes in premium areas. This is an SFH for a price of a rowhome. of course, it would get sold.

Anonymous wrote:Am I crazy for thinking this is a nice little house? Not crazy gorgeous or anything, but it seems fine for a starter home?

No, you aren't crazy.

OP was crazy for calling it a "tear down." There are some people here on DCUM that will call anything but a McMansion a tear down.

Anonymous wrote:I’ve said this many times on other threads - we are nowhere near the ceiling here. People make too much money. Add in all of the OpenAI / Anthropic / defense tech jobs opening up here and we’re quickly looking at near SF prices based on inventory. Lots of buzzy startups are based in Arlington too and their founders live local.

Let’s say OpenAI goes public and there’s 250 employees in DC. They’ve each made on average $5M via PPUs that convert to RSUs (that’s a low estimate BTW - our friend there had a $1M original grant now worth $20M+ for 7 YOE). Let’s say 25 of them are ready to buy their forever home and like Arlington and want walkability. But there’s only 1 house for sale in Lyon Village for $3.5M and a handful in Ashton Heights / Lyon Park for $3-3.4M.

What happens?

Once AI causes mass layoffs, the tech bros won't need to pay $3.5 million for a house. There will be mass dislocation from this area, and they can pick up that house for a nice discount.

It’s kind of depressing how many people hope that cute, small homes (often suitable for young families) are torn down so they can be replaced by $$$$ behemoth houses.

Anonymous wrote:Why is this a teardown? It doesn't look that bad from the pictures. Someone could certainly move into it and make renovations over the years.

+1
I thought this was a rather cute little house.

Anonymous wrote:
It’s not even on a nice street. Unkept yards nearby and very little trees. It seems strange that a whole country could become unaffordable to the middle class. I just did a quick comparison with Marin County in the Bay Area, where the population is about the same size as Arlington with a similar median household income. Their average home price is almost twice that of Arlington. This means there’s a lot of room for housing costs to get worse here. Do all of you think it will get worse, or are we close to a plateau?


https://www.redfin.com/VA/Arlington/5104-26th-St-N-22207/home/11227868

This is not a teardown. You sound like a spoiled brat.

I know bc I'm obsessed with 22207 for a decade now!