08-19-2009, 04:26 PM
ViPER1313 Wrote:Too many government jobs
Doesnt matter what the gov't jobs are unless they're paying 50% more income. That aint happening. Its a more stable market but the contracting jobs arent all paying $150k.
Until the rent vs buy split gets closer then the market is not sustainable at the current pricing, especially when rent is historically fairly stagnant (i.e. rising with inflation). Looks like any 'corrections' have already happened further out (rockville, ashburn, etc), as a $160k house (your example) is = $1000/mo. I'm guessing thats close to what it would cost to rent a similar house out there. Of course its going to be much higher in arlington but a $2500 rent payment is out of line with a $650k house. It just doesnt make sense from a cost standpoint, save the extra $$ and put it away.