04-20-2007, 09:07 AM
Hey sweet, I live in Purcellville! Except my mom's townhouse has gained about $200,000 in equity since when she purchased it two years ago =P
It's all about what kind of deal you can find. If you pay over $500,000 for a house out here, you're going to have to wait a long ass time to get what you want out of it... people still view it as too far west.
You'll notice more and more homes coming up for foreclosure here within the next year. The terms of the dangerously aggressive mortgages that people jumped all over even though they couldn't afford it are starting to make their ugly change for the worse. Just drive by South Riding sometime in Chantilly... it's starting to turn into Foreclosure City, especially in the condo/townhome sections.
It's all about what kind of deal you can find. If you pay over $500,000 for a house out here, you're going to have to wait a long ass time to get what you want out of it... people still view it as too far west.
You'll notice more and more homes coming up for foreclosure here within the next year. The terms of the dangerously aggressive mortgages that people jumped all over even though they couldn't afford it are starting to make their ugly change for the worse. Just drive by South Riding sometime in Chantilly... it's starting to turn into Foreclosure City, especially in the condo/townhome sections.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks