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Thanks in advance to anyone that can help.
I am considering a move to my Firm's DC office - located in McLean, VA, but I really need to assess the cost of living differential. My wife and I currently live in Cleveland, OH and combined make approx $120K / yr (mostly my salary). I am not sure if I'll get a cost of living bump with the move, but lets assume I will not.
Is there anywhere within a 30 min commute of Tysons Corner where we could buy a Townhome (hopefully at least 1800sq ft) for around $200K?
I know this will be a super shock - we now own a 2,000 sq ft single-family home in a nice Cleveland suburb that we bought for $180K - so I would like a down to earth opinion and not the BS of a realtor trying to make a sale.
Location: Huntersville/Charlotte, NC and Washington, DC
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Quote:
Originally Posted by jsthomas64
Thanks in advance to anyone that can help.
I am considering a move to my Firm's DC office - located in McLean, VA, but I really need to assess the cost of living differential. My wife and I currently live in Cleveland, OH and combined make approx $120K / yr (mostly my salary). I am not sure if I'll get a cost of living bump with the move, but lets assume I will not.
Is there anywhere within a 30 min commute of Tysons Corner where we could buy a Townhome (hopefully at least 1800sq ft) for around $200K?
I know this will be a super shock - we now own a 2,000 sq ft single-family home in a nice Cleveland suburb that we bought for $180K - so I would like a down to earth opinion and not the BS of a realtor trying to make a sale.
Thanks all,
Justin
in as little words as possible, absolutely not for 200k. there isn't anything you can buy in the DC area that is considered halfway safe for 200k. if you are making 120k in Cleveland you have a really good deal, stay there. a th within 30 min for mclean would cost you at least 350k and i'm talking about small townhomes. the 2 bed/2 bth condo i live in alexandria city goes for about 270k on the open market. so i wouldn't come to the dc area unless you get a massive bump in standard of living differental.
For $200K, you'd be lucky to get a 1 BR condo near Tyson's.
I can't imagine that your firm could successfully induce anyone from Ohio to the McLean office without a sizable cost of living adjustment.
jb124 is about right. There are decent townhomes in the area, mostly starting at around $400k. Your employer knows that. All the people who currently work in their McLean/Tysons office also live in this area. All of them who own are living in $400k and up housing because that's all there is here. Mile after mile after mile of stuff that's all $400k and up...
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