Quote :

"$674/sqft"

l o fucking l

but i can walk to the store instead of driving

5/3/2016 12:58:36 AM

After living in "I can walk to the store" land for a decade it would be hard to go back to driving to get toilet paper.

Of course you don't need to pay $1000/sqf to get that.

5/3/2016 7:55:21 AM

you can just get the amazon prime now app

5/3/2016 9:07:32 AM

So for scud, are the salaries in that area at least comparable? Like if you were to make 110k/year in Raleigh, doing the same thing in NJ you'd make maybe 170? I just can't get over that kind of real estate. And I'm sure that isn't even the worst. I hear San Francisco is really really bad.

5/3/2016 10:18:03 AM

Its pretty awful here in DC.

200K will get you an older 1 bedroom condo in a part of town you don't want to be in

300K might get you a couple of bedrooms in a condo

400K you are looking at an SFH, probably a row house. Definite fixer upper

500K might get youba nicely renovated SFH

600K to 1.1M will buy you a nice place, in a nice location, relatively new if you choose.



Higher salaries here? Sure, but sometimes it feels like that gets eaten up in the cost of living. Food is more expensive, as is entertainment.


Renting is no better. $1200/mo will get you an English basement in someone's house, or a room in a row house. You would be looking at $1500-2200 for a one bedroom in a nicer building.

Of course you can choose to live farther away, where the prices get cheaper. But you are then looking at a 1.5 hour commute, in traffic, one way, to get to your job or to work.....and that's to travel about 20 miles.

5/3/2016 10:41:16 AM

Sounds dope

5/3/2016 11:07:10 AM

Downtown Charleston is fucking nuts right now too. I'm not talking about the Battery...I'm talking upper peninsula.

Two years ago the wife and I were looking for a bigger home. Basically a 3br/2ba in the 1,500 sq/ft range. We were trying not to go over $400k...but the nicer ones were listing closer to $450k.

We just had two 3br/2.5ba homes list for $700k in our hood. Others are at least $600k and up.

That's why we're just adding on to our home. Which isn't an easy option with a lot of historic regulations and the cost of construction being ridiculously high. But its pretty much the only thing we can afford.

[Edited on May 3, 2016 at 11:16 AM. Reason : .]

5/3/2016 11:15:30 AM

good info

5/3/2016 3:51:36 PM

I paid over $600K for my 4/3.5 cape cod on 2.25 acres just outside Annapolis, MD. I'm corporate and wife is government. Add in $2400 for daycare, and it's tight. but in 4 years when both kids are in school, it will be nice.

what EMCE said is 100% right. $350K around Annapolis will get you a crappy place on a post-stamp lot. lots of trashy homes in the "cheaper" areas of Maryland

[Edited on May 3, 2016 at 4:38 PM. Reason : .]

5/3/2016 4:33:50 PM

That sounds pretty good for near the Annapolis area. I thought about opening my office in Annapolis, but ultimately decided against it due to logistics with clients and staffing. I would have been tempted to pay that much for a shanty house if it put me on the water.

5/3/2016 6:40:07 PM

A lot of people in NYC just pay for a full time nannie/maid because if you have 2 or 3 kids the 3-5000k per month you'd be paying for daycare can just buy you a full time mother.

5/3/2016 6:58:21 PM

we are borderline nanny prices, but we decided to stay in daycare for the social and educational aspects.

$600K doesn't even get you a waterfront shanty around here unless you head way south. and there is sooooo much shitty construction in maryland from the 60's thru the 80's.

5/4/2016 10:44:39 AM

There were properties like that if you got as far south as Deale or North Beach, but I spent a little over a year living in North Beach and saw plenty of the crap construction you mention.

5/4/2016 12:09:02 PM

There is crap construction everywhere though. Even now, the neighborhoods outside of the Raleigh area are being constructed over several weeks. There's no way you can build a quality neighborhood if you're building these things like they're on a production line.

And the cheaper housing has become to build, prices haven't come down per square foot.

Hell, you can't even get a brick and mortar fireplace these days.

5/4/2016 1:02:26 PM

here's how cheap maryland construction is in some places: my brother's house's (a 1970's build) exterior siding is against the same studs as the interior walls (i.e. no sheathing, no wrapping, no nothing. just unterior wall, studs, exterior walls. they used interior drywall under the eaves of his roof. and in some places they just used massive amounts of drywall compound to fill large gaps. the frames on the outside of his windows were made with interior trim pieces. he had to have an electrician rewire some of the house because they found lighting that was ebing run off of loose extension cords run across the attic.

and he paid $425k for it back in 2008. and it was a steal. he's gotten it up to speed, but it's cost him a lot. be he's also in one of the best school zones in the state, so sacrifices are made

we live just south of the south river colony golf course on Rt. 2. Given that I work in DC, it's as far south as I was going to go. shady side or north beach would have neem an extra 30+ mins of commuting a day

[Edited on May 4, 2016 at 2:56 PM. Reason : .]

5/4/2016 2:56:04 PM

How's that course? I remember wanting to play it every time I drove by on the way to Annapolis, but never got around to it. I am going to try Lake Presidential next week.

5/4/2016 3:14:28 PM

I don't own a home and have zero debt. Six figures + in liquid assets in the bank.

5/5/2016 7:13:03 PM

Degree of liquidity is worth how many thousands saved in tax deducted mortgage interest paid?

5/5/2016 7:20:57 PM

None of this will matter when Trump grabs all of North Carolina through eminent domain and proceeds to build Trump Plaza Infinity.

5/6/2016 8:09:12 AM

Quote :

" Six figures + in liquid assets in the bank."

You're fucked if you keep your cash in banks, you're fucked if you buy a 500k house. So you might as well spend all your money every day. :^)

5/6/2016 9:26:26 AM

my mortgage interest and property tax deduction was nearly $30K this year. given our tax bracket doesn't give us much for the kids, I'll gladly take it. we woulda been hammered by taxes otherwise.

the course is good enough that my SVP is a member there. I've never played it thou.

5/6/2016 10:12:12 AM