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Old 08-12-2019, 05:47 PM
 
2,737 posts, read 5,474,392 times
Reputation: 2305

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Quote:
Originally Posted by venture2000 View Post
HYPOTHETICAL:

Is it possible to retire in the DC metro given the high cost of living, taxes, housing, food?

If so how?

I am from a area of the country that is a former steel belt and never really recovered after that industry ended. I have gone back to visit childhood friends and family from time to time and I am reminded (and glad) that I left with each and every visit.

I have been living in the DC metro for the last twelve years and love this area for a variety of reasons- in particular the weather, my prefered stores are close by, the town I live in is very walkable and fiber Internet yadda, yadda.

Just curious.
If you are willing to live in a much smaller space than you would have in your home town, and forego a yard, you can. I have a friend who recently did exactly that, and is quite happy.
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Old 08-12-2019, 08:41 PM
 
22,572 posts, read 12,141,572 times
Reputation: 20531
Quote:
Originally Posted by venture2000 View Post
HYPOTHETICAL:

Is it possible to retire in the DC metro given the high cost of living, taxes, housing, food?

If so how?

I am from a area of the country that is a former steel belt and never really recovered after that industry ended. I have gone back to visit childhood friends and family from time to time and I am reminded (and glad) that I left with each and every visit.

I have been living in the DC metro for the last twelve years and love this area for a variety of reasons- in particular the weather, my prefered stores are close by, the town I live in is very walkable and fiber Internet yadda, yadda.

Just curious.
We did.

After we sold the house, we rented an apt. with the intent to move further north eventually and buy a condo. Then we ended up liking the apt. building so much plus we met other retirees who had sold their homes and decided to rent in retirement. We started out in a one bedroom apt. then later moved to a 2 bedroom.

It's a matter of prioritizing what you want to spend your money on, IMO. For example, we aren't taking any overseas vacations. Living in a place with good security and some amenities is something we prioritized. What traveling we do is low budget and all of it is domestic. This works for us. Others may have different priorities---and there's nothing wrong with that. To each his own.
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Old 08-13-2019, 03:18 PM
 
Location: Falls Church, Fairfax County
5,162 posts, read 4,515,986 times
Reputation: 6336
The market is flaky right now. In my neighborhood there were VERY few houses for sale this summer. Now I have two going for sale within 7 houses of me. I am curious to see how they do but I think it is a bad time for them to go to market.
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Old 08-16-2019, 04:03 PM
 
Location: Washington, DC
4,178 posts, read 2,663,113 times
Reputation: 3659
Quote:
Originally Posted by Vernum View Post
Families are discovering that life is better for the children in the city-center, which is also way cheaper than a town or single family home. Plus, these nicely dressed condo kids are being seen more and more together in groups all throughout VA Sqr, Rossyln, etc., and parents know their after school ctivities are just a short drive or small walk away. Condominium life is better and cheaper in amazing areas like VA Square.
(Mentions City center...)

(refers to VA Square)

LOL VA Square is def not familyville. Rosslyn, Clarendon, VA Square is mainly frat boys who just graduated from college living in that way full of yuppie bars. That and those condos can be more expensive than living in a house with all of those condo fees. Especially the newer condos with a ton of amenities.

OP, it's August. That's your answer. The market slows because school is starting in a week or two.

I recently sold my house out in Loudoun when it was on the market for 3 days. So I don't think it's a DC/Arlington thing at all. I also had a friend with a giant bidding war recently for a townhouse in Kingstowne, so there's definitely interest.
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Old 08-17-2019, 12:44 PM
 
15 posts, read 13,198 times
Reputation: 15
Likely, these townhomes are not priced to sell. The market dictates the price and some people are just too greedy and their agents, Redfin included, don’t school them on the importance of pricing to sell. You can sell a townhome on Christmas eve in Kingstowne if it’s priced right, is all I’m saying.
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Old 08-20-2019, 07:34 AM
 
Location: Washington, DC
4,178 posts, read 2,663,113 times
Reputation: 3659
Quote:
Originally Posted by TheGreatest1 View Post
Likely, these townhomes are not priced to sell. The market dictates the price and some people are just too greedy and their agents, Redfin included, don’t school them on the importance of pricing to sell. You can sell a townhome on Christmas eve in Kingstowne if it’s priced right, is all I’m saying.
This.

I think some people are pricing their homes to high. Typically townhouses go for low to mid 400s. Anything above that and that's usually why they sit forever.
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Old 08-20-2019, 11:16 AM
 
2,262 posts, read 2,421,046 times
Reputation: 2742
https://www.bloomberg.com/news/artic...ve-home-market


Somewhat related to the topic.
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Old 08-26-2019, 01:27 PM
 
Location: Washington, DC
4,178 posts, read 2,663,113 times
Reputation: 3659
Quote:
Originally Posted by NOVA_guy View Post
It is def related. I think the issue is that some owners are selling for too high in some areas due to Amazon. Of course, if you're in Del Ray or Crystal City, sure. But pricing too high in Springfield or Burke is a reason why many homes are sitting.
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