tag:blogger.com,1999:blog-6620905.post112456242310786390..comments2024-02-24T03:46:01.305-05:00Comments on Fred Fry International: DC Housing Bubble PoppingUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6620905.post-1132346925770020042005-11-18T15:48:00.000-05:002005-11-18T15:48:00.000-05:00Fred, good to hear that you and your wife are movi...Fred, good to hear that you and your wife are moving to Northern Virginia. I've lived in Alexandria/Fairfax County for over 25 years, and I think NOVA is a nice place to live.<BR/>Nobody knows when and by how much housing prices will go up or down. So, don't worry about all that. Spend your time in finding an area where you and your wife like and want to live. Trying to "time" the real estate market is for investors, not people like you and me. The important thing is that you're happy with your home. In the end, that will make you happy - not making or saving an extra buck.<BR/>If you have some money for a decent down-payment(and it sounds like you do), I'ld suggest looking for a home to buy. Don't buy a condo. Buy a townhouse or a single family home -- those types of properties will be easier to sell if you need to move. Also, only look in areas that people you know and meet talk about as being nicest places in NOVA to live in. <BR/>It sounds like you might be around 30yo without children. For this demographic, I'ld suggest Clarendon/Ballston area, Old Town Alexandria, Shirlington, or Del Ray section of Alexandria. I'm not familiar with Tysons and Falls Church. Be near a metro unless you like spending a lot of time in traffic.<BR/>Remember, when it comes to property, it's all about LOCATION.<BR/>Good luck with your search.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6620905.post-1130383305679168242005-10-26T23:21:00.000-04:002005-10-26T23:21:00.000-04:00Thanks for the comment.Yeah, I might sound bitter,...Thanks for the comment.<BR/><BR/>Yeah, I might sound bitter, but I am not in reality. When I moved to DC in 2000 I could have bought a house, but at the time I was only expecting to be here for two years. Had I bought I would probably have sold by now and moved far away.<BR/><BR/>But here I am because work is good. I am moving to N. VA to an apartment. Housing prices are still insane. I could buy something, but then I would not have money for anything else. The smart move for me is to rent and sock away as much as possible. The nice thing about renting is that my rent is lower than what my interest payment would be had I bought something. Glad to hear that your house has appreciated as it has!Fred Fryhttps://www.blogger.com/profile/13532681496977057474noreply@blogger.comtag:blogger.com,1999:blog-6620905.post-1130380233976605682005-10-26T22:30:00.000-04:002005-10-26T22:30:00.000-04:00You sound bitter. The market will slow, and price...You sound bitter. The market will slow, and prices will pull back maybe 5 to 10% depending on the area, but for those of us who have owned in the DC area for over 4 years, we've already seen 100 to 150% growth.Anonymousnoreply@blogger.com