06-23-2006, 03:41 AM
Evan Wrote:Housing market is just another form of inflation IMO. It makes you feel great that your house is appreciating, but the only way that it actually does you any good is if you move even further out or to a different place...to make less money. Lather, rinse, repeat.
Evan, you make a good point.
I am worried that in 5 years or so, when I sell me (then) 45 year old home, and want something new or more recently built, w/ a little more land, maybe a bit further than the city, I will have nowhere to go. I'd have to move far out of Richmond to be able to afford it, if current pricing trends continue, and I can't go north, because NoVA home prices are creeping down here from the north. Problem is, if I go further south or west, I'm even further from DC (work) than I am now. I'm already at a two hour commute one way, and while 2.5 hours was my limit originally, I feel at my limit with two hours. And, should I be transferred to NW DC, I can add another 15 minutes onto that.
- Greg
gay, gay, gay, for RJ
gay, gay, gay, for RJ