U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-03-2011, 06:39 PM
 
Location: Macao
15,951 posts, read 36,196,266 times
Reputation: 9489

Advertisements

Quote:
Originally Posted by ACWhite View Post
It depends on what you mean by "a lot less expensive" and which parts you are comparing as well as what aspects of your budget you're considering. Since housing cost is a big % for more people, I'll offer the following. If you compare 22207 in N. Arl. to 20007, 20008, 20015, 20016 in DC, I would say DC housing is slightly more expensive, but the main difference is that the lot sizes are much larger for the same size house in 22207 so the houses aren't entirely comparable. So you could argue that DC is a lot more expensive if you somehow tried to give a $ value to the land factor. Some of the DC houses in those zips are older and have more interesting features - not as many 40s colonials or 50s split and bilevels as in Arl. That one depends on your taste.

Property taxes for the same value of property are actually lower in DC (for now) partly because DC limits the annual increase in assessed value counted for taxes (I think to 10%) and gives a homestead credit (about $67K, I think). So if you bought for $300K before the bubble but your house's value zoomed to $800K, you may only be paying on about $600K of value as your assessed value inches up, but your taxes may eventually get to where they are in NoVA with regard to the rate.
This is certainly interesting. I completely discounted the idea of ever being a home owner of any kind in the DC area - either costs or family safety issues. (Actually I more or less have given up on Arlington as well - except possibly South Arlington, from the sounds of it).

But interesting that it's stated that DC or Arlington are basically a wash. For me, I think the smaller lot sizes of DC allow more access to more things nearby - which mean less car usage, which means less car costs.
Reply With Quote Quick reply to this message

Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top