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Thread summary:

Washington DC housing prices too high, how can singles afford a nice home, don’t want townhome, high real estate prices squeezing singles out of DC market

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Old 05-15-2007, 04:32 PM
 
41 posts, read 155,523 times
Reputation: 32

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SIGHHHHH.

Does anyone else feel priced out of this ridiculously rising housing market? Gosh, first I moved from Washington, D.C. to here and now I feel like I'm being priced out yet again.

I know this is laughable to many, especially those who can afford more expensive, median priced homes in the $200k's but...

I don't need a McMansion. I don't want a TH but I feel I have to compromise with the wall sharing and tight feel of TH communities. Argh. I just want a decent home that's not in the woods, that's not a rancher, that's not in a funky (as in gross) neighborhood.

Can I just get some love from others who are feeling the squeeze? I know that $200K is normal nowadays for a home but some of us don't have that stretch to pay around $1400/month for a mortgage PLUS all of the other un/forseen expenses.

OY.

Just venting. (I don't expect some mysterious housing genie to appear and help me/us out.) Crawling back to corner...
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Old 05-15-2007, 04:37 PM
 
Location: Raleigh, North Carolina
607 posts, read 2,290,360 times
Reputation: 195
Quote:
Originally Posted by NOVA2 View Post
SIGHHHHH.

Does anyone else feel priced out of this ridiculously rising housing market? Gosh, first I moved from Washington, D.C. to here and now I feel like I'm being priced out yet again.

I know this is laughable to many, especially those who can afford more expensive, median priced homes in the $200k's but...

I don't need a McMansion. I don't want a TH but I feel I have to compromise with the wall sharing and tight feel of TH communities. Argh. I just want a decent home that's not in the woods, that's not a rancher, that's not in a funky (as in gross) neighborhood.

Can I just get some love from others who are feeling the squeeze? I know that $200K is normal nowadays for a home but some of us don't have that stretch to pay around $1400/month for a mortgage PLUS all of the other un/forseen expenses.
Nova;
Didn't you check out the houseing before you moved??? Did you move for a job promotion?? Why did you move here?? What was your motivation. I am sorry the housing prices came as a shock to you. I know houses in Detroit are going for a steal right now. If you work from home, you could pick up a great deal in Detroit, or the surrounding areas.

Liz
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Old 05-15-2007, 04:45 PM
 
41 posts, read 155,523 times
Reputation: 32
Yep, I checked out the housing before moving. You know that itsy-bitsy square of a picture that usually displays what housing looks like? You know that same tiny picture and how it only shows the house and cannot possibly show the n'hood? Well, seriously, that's kinda what happened here. I got several home books and saw prices that were lovely. I went online (esp. realtor.com) and the same thing-- just tiny pictures. Well, after seeing gobs of affordably priced homes and after visiting once I came down here early last year (long story shortened) and voila!-- most of the affordable homes I merely scanned were actually not what I desired-- particularly location/n'hood-wise.

No need to suggest Detroit.

Did I mention that this was a vent/rant? That's all.
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Old 05-15-2007, 04:50 PM
 
9,647 posts, read 27,858,298 times
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I was in the sub $200K range this past summer. There are good homes out there in the $145K-$165K range if that works for you. You just need to be ready to jump on the gems that come along because they get snatched up quickly by folkslike you and me on the prowl.

If I were you I would not rule out ranches unless you really have an issue with them. There are some older neighborhoods closer to inside the beltline in Raleigh that have nice brick ranches on .25 acre lots with mature trees. I think these are pretty good options and provide fr decent commutes to many jobs.

Don't lose hope! There are less expensive homes out there. I would start by getting a good RE agent to help you find them!
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Old 05-15-2007, 04:54 PM
 
Location: Raleigh, North Carolina
607 posts, read 2,290,360 times
Reputation: 195
No need to suggest Detroit.

Did I mention that this was a vent/rant? That's all.[/quote]

I wasn't joking about Detroit. That market it a mess, and if you work out of your house, you could get a really good deal. Beautiful homes out that way.
I just don't like snow, plus I need a job market.

Liz
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Old 05-15-2007, 05:00 PM
 
41 posts, read 155,523 times
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Right, lizardlips (btw, love the moniker).

Gosh, I know about that dilapidated Detroit thing. I would mention how I know it so fondly, meaning I have relatives in high places there-- well, I guess I just mentioned it. But yes, I know that it's crazy cheap there and all that but it IS cold and majorly depressed and...SIGH again.

Like you I need a job market. Even when one works from home (well, I guess depending on what they do specifically) it's nice to have a job market as a back-up.)
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Old 05-15-2007, 05:01 PM
 
Location: Wake Forest
3,124 posts, read 11,902,900 times
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Quote:
Originally Posted by Lizardlips View Post
No need to suggest Detroit.

Did I mention that this was a vent/rant? That's all.
I wasn't joking about Detroit. That market it a mess, and if you work out of your house, you could get a really good deal. Beautiful homes out that way.
I just don't like snow, plus I need a job market.

Liz[/quote]

I am not sure if Detroit can turn around....but wow...some great homes in once were very upscale areas.

I've seen some cute homes downtown....nothing special now, they need some TLC and paint and landscaping......but real potiential. If I was that limited by a budget, I'd be looking at those and upgrading/improving as time and money allowed.

If my husband and I both hadn't found new jobs to the north of Raliegh and RTP, I would have thought very seriously about something like this....lots of work though.
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Old 05-15-2007, 05:07 PM
 
Location: Blacksburg, VA
823 posts, read 3,682,962 times
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You could ease your home payment by renting out an extra bedroom. There are plenty of students, etc. in the area.
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Old 05-15-2007, 05:16 PM
 
54 posts, read 392,379 times
Reputation: 55
Default You are not alone....

In response to your observation of the over-priced/valued housing market, I have been searching all over the West for a home and feel your pain. However, the corrections are beginning to happen in many HOT boom towns, so hang in there (rent) and watch it happen. Sad to watch but you will be glad that you didn't buy at the peak of the RE market. Look at Reno, and just recently Bend OR...the air is leaking out of the bubble...sssssssssssssss
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Old 05-15-2007, 06:14 PM
 
Location: Wake Forest
2,834 posts, read 11,255,211 times
Reputation: 1054
Quote:
Originally Posted by NOVA2 View Post
SIGHHHHH.

Does anyone else feel priced out of this ridiculously rising housing market? Gosh, first I moved from Washington, D.C. to here and now I feel like I'm being priced out yet again.

I know this is laughable to many, especially those who can afford more expensive, median priced homes in the $200k's but...

I don't need a McMansion. I don't want a TH but I feel I have to compromise with the wall sharing and tight feel of TH communities. Argh. I just want a decent home that's not in the woods, that's not a rancher, that's not in a funky (as in gross) neighborhood.

Can I just get some love from others who are feeling the squeeze? I know that $200K is normal nowadays for a home but some of us don't have that stretch to pay around $1400/month for a mortgage PLUS all of the other un/forseen expenses.

OY.

Just venting. (I don't expect some mysterious housing genie to appear and help me/us out.) Crawling back to corner...
Although I am not moving here, I have lived here for the majority of my life. BUT, my point is, I think about the house that my husband and I bought when we bought our first house in 1997, for 150k, new construction, nice neighborhood. I always think, what would we do if we were going to buy our first house today?

So, I hear your rant, and I get it.

Leigh
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