Viewing a single comment thread. View all comments

NPRjunkieDC t1_j0melmg wrote

Reply to comment by Quelcris_Falconer13 in DC's old Vanguard building to be converted into downtown apartments by Maxcactus

What many don't realize I think is that one bedrooms in 20009 (in beautiful old buildings cuz very little new construction) have not gone up in price last 10 years . 325-450K.

2

Quelcris_Falconer13 t1_j0n0u9k wrote

Almost half a million dollars for a 1br condo still feels like a rip when you think about how you gotta pay high HOA fees anyways

2

NPRjunkieDC t1_j0n2r2t wrote

400K + $300 per month +300 monthly property taxes comes out same or less than rent if you have DP. With rates at 3% maybe not 6.5%.

DC helps with DP if you make 50-80K .

2

Quelcris_Falconer13 t1_j0nf8w6 wrote

Yeah I’m in the shitty income where you make too much for aid but have to live well below your means if you want to afford to buy.

2

NPRjunkieDC t1_j0n3mob wrote

Or come to Atlanta.

SF + LA + Denver + Seattle + Chicago + Boston + NYC + DC + Miami + Atlanta. 10 major cities not incl TX.

Atlanta only cheap real estate out of the 10 cities.

Bought condo good location Atlanta .210K 780sf one bedroom + one bath. Put in 70K and new location for kitchen and bath + added half bath + new location washer dryer + new floors + new molding everywhere + knocked down 2 walls . Ended up 2BR + 1FB + 1HB with 70K so total 280K.

1