Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

These are SFHs walkable to the metro. And retail and restaurants too- many choices, not just a few. It’s 3 stoplights from Georgetown and DC. It’s not overvalued.

So you’d put your theoretical $3 mil there?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

These are SFHs walkable to the metro. And retail and restaurants too- many choices, not just a few. It’s 3 stoplights from Georgetown and DC. It’s not overvalued.

So you’d put your theoretical $3 mil there?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

These are SFHs walkable to the metro. And retail and restaurants too- many choices, not just a few. It’s 3 stoplights from Georgetown and DC. It’s not overvalued.

Anonymous wrote:

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

But would you pay $3mil for Lyon Village, if you had it? I’m well aware of all the reasons people move to Virginia. Lyon Village seems tremendously over valued even so.

Anonymous wrote:Just one person here, but I would never live in DC. I would live in Arlington though. I know a lot of people who feel the same. The homes in Arlington have a larger number of people who want to live there.

Reasons - schools, crime, universities, taxes, space, daycare, kids activities.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How are the houses all 2-3 mil in Lyon Village?? You can get something really nice on Capitol Hill in DC for 1.5 mil with more character and a nicer neighborhood. And with the $1mil you save, send your kid to private MS/HS.

You’re talking about people who want completely different things. Not a good comparison.

I'm not so sure about that. Clearly people paying $3mil in Lyon Village are doing it for walkability, proximity to metro, urban amenities. For those with kids, schools (that admittedly provide HS/MS options that the Hill does not.) I'm not sure how much different crime can be compared to the area close-in on the Hill near the Capitol. The comparison to the Hill is not a specific argument for the Hill - I'm just struggling to understand the Lyon Village prices that seem so inflated for how frankly dumpy it looks on Street View. Is the extra $1mil because you have a detatched home and a yard, plus all the same walkability?

Look, I’m not one of those who is over the top worried about crime, and I’m not a big fan of Lyon Village either. We actually looked there upon being empty nesters and decided that despite it having many of the urban amenities and walkability that we were looking for, it was a little too sterile, lacking in diversity and, yes, in our opinion too expensive for what you get. But be serious: there is virtually no violent crime there, and there’s no comparison between there and Capitol Hill - or there and anywhere else in DC outside of Upper Caucasia - when it comes to crime.

When you argue otherwise you destroy your credibility.

Anonymous wrote:

Anonymous wrote:LV is very pretty, bucolic even. It's one of the few areas of DC area with authentically beautiful, old housing stock that isn't McMansiony. The lots are small, true.

Parts of the Hill are also very pretty. The issue with the Hill is that you may live on a beautiful expensive block. but you're never too far away from poverty, and violent poverty at that. You don't have that in LV, and people may be willing to pay for the utter lack of concern about crime.

Meh. Check out the Street View for this 2.9$ mil one: https://www.redfin.com/VA/Arlington/2607-Franklin-Rd-22201/home/11248152

REALLY zero charm, compared to other parts of Arlington, Cleveland Park, or the Hill.

Anonymous wrote:

Anonymous wrote:There is a lot less crime in Arlington, like a lot less. What's your life worth?

Is there really less crime in Lyon Village compared to other places?

Anonymous wrote:LV is very pretty, bucolic even. It's one of the few areas of DC area with authentically beautiful, old housing stock that isn't McMansiony. The lots are small, true.

Parts of the Hill are also very pretty. The issue with the Hill is that you may live on a beautiful expensive block. but you're never too far away from poverty, and violent poverty at that. You don't have that in LV, and people may be willing to pay for the utter lack of concern about crime.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sorry you can't afford the house you want OP

I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school.

Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?

Maybe your valuation process is flawed.

Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC.

How much more/less is it than these LV homes?

How much do you have left from your $3M budget? If any.

yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot.

Anonymous wrote:

Anonymous wrote:Crime and services are the difference. Not everyone wants to deal with DC government an living in a city and dealing with all of the things that go with it.

Also, private school is $50k a year. If you have 2 kids, that's $100k a year for 13 years. So, $1.3 million and tuition doesn't appreciate like a house does.

But it's not really 13 years. Because Capitol Hill elementaries are good which means you only need to pay for private for max six years. If you don't get into a good middle and high school which many people do.

As someone who has lived in Lyon Village and in DC, a lot of the crime difference is about perception of safety rather than safety. If you compare the crime numbers, that's what they'll tell you.

On the other hand, Lyon Village feels suburban and safe and friendly and yes, you have good schools an continuity all the way through.

I, personally, have made the calculation and prefer DC, though I like a suburban corner of Northeast which also has very, very low crime.