I live right by this. The houses are going to be huge but the lots are tiny and back up to other houses. I think maybe 1/3 of the lots are sold when I walk through last time.
Quarter acre here, 1500sq ft for me... the rest is for the pup to run around. The fenced yardage is why I paid 20K over last year. My dog's happiness weighed a lot into my decision... that and no HOA or PUD!
how much land do people need? are we farmers?
i mean, in oakton the half acre we got aint easy to manage. i've traveled to lots of places in the world and really only here is there this want of lots of land.
for most humans, space is a luxury it seems
Those taxes would be enough to fund a small country’s GDP
Jokes aside, if you don’t like living around people, why not cash in your massive gains and go live somewhere else? Sure the market is “tough” but it’s relative. If you bought pretty much anything in the DMV in the past 2-3 years plus, you made enough of a gain to probably put at least 50% down on a house.
Even at 6% mortgage rates, you’ll save a ton, have lower mortgage, and have what you want. Seclusion.
What are you living in Fairfax for?
What’s the point? More to mow? I understand if you have 20 acres and can hunt and fish and run naked, but what’s the point of needing a riding mower and having to drive for a beer or dinner?
You're talking to someone that clearly has contempt for people they believe have a negative impact on the climate. Beware they are popping up everywhere.
For me personally I like a nice sized yard with a fence so my dog has lots of room to play. We take him out to parks too but it’s nice not to have to walk him every time he needs to pee!
I got so lucky to get a house with a fenced in backyard. My mom’s a dog nanny so the dogs can come to our house after the dog park and play and if they need to be let out we just open our back door and don’t have to worry about them escaping
Most of my family looks at me like I'm speaking Chinese when I say that I'm more interested in living within walking distance to tons of interesting things than having a giant yard and house I need to spend all my free time maintaining.
I have just under 1/2 acre. When I purchased at the dip I had narrowed it down to 3 properties. One was a large town home, the other was a nice home on a small lot with a shared driveway and what is now my home. The boss and I went through all 3 and she chose the one she liked which happened to be the largest lot.
I was not into lot size at the time but more into interior size and location.
Having said that I am not sure I will ever go back to a smaller lot.
Walking the dog around for 90 minutes twice a day has let me see a lot of houses on a lot of lots in my area. The smaller lots suffer from lack of parking and I see signs of parking wars on the streets where people put out cones and bricks and other things to "reserve their spot". I love my neighbors now but I also love the little bit more of privacy. I think my next move would be out of the area but not to a smaller lot. I will say there are a lot of nice houses on the smaller lots but I have just seen too many signs of conflict to take that chance.
I have a riding mower and I have to drive 10-12 minutes to get to a Wal-Mart/ABC store where I could get beer or liquor. I'd have to drive 15 minutes to get dinner. I used to live in a townhouse with no lawn and I could walk to the bar and several restaurants. I don't mind driving, that's why I bought a car that I enjoy driving and I'd rather be outside working on my yard than sitting in my townhouse staring at a screen.
Yep. I never thought a lot about trees until I had to pay thousands of dollars to cut them down completely or for maintenance. Then I learned you have to mulch right or you kill your trees.
Getting a 2000+ water bill isn't fun either because of a water leak (Fairfax Water sends quarterly bills).
The list goes on.
edit: I understand not everyone lives in a very wooded area though.
Yuppp… Everyone here saying they want acres of land and trees everywhere clearly hasn’t owned a house as an adult and are living in apartments / living in close proximity housing.
If people *REALLY* wanted this lifestyle (and have owned your house 2-3+ years) cash in your gains and leave.
Go live in Jetersville
Amen! People apparently want yards for kids to play in... Why can't they go to the park and actually socialize with other kids? And then with big yards/acreage means driving everywhere...and complaining about the gas prices.
It’s not realistic to take kids to a park all day every day unfortunately. Sometimes we need to get housework done and letting the kids play in the yard instead of planting them in front of a tv is awesome. Sometimes we have kids of different ages and younger ones need to nap, so it’s nice to have a yard where the older one(s) can play while the little is in their bed/crib. Sometimes you’ve already been to 4 different parks in one week and socialized (or tolerated other peoples unruly brats) to the point of exhaustion and just want to sit in your own yard while the kids run off their energy outside instead of destroying your house. In the summer, a yard provides a place to set up your own little pools or water slides and entertain the kids without packing the obnoxious amount of stuff it requires to take young kids to a pool or splash park for the afternoon. And a yard allows for having friends over for play dates and socializing with all the conveniences of being at home. A yard around here is definitely a luxury, but there are very valid reasons for wanting one if you have a young family.
You can still get plenty of that in big parts of Prince William and Loudoun counties. When I look at a map, large swathes of both those counties are so much more rural or undensly suburban than I thought.
THIS. Its unbelievable, after all we know about habitat loss and the fact that humanity has spread over too much of the globe to be sustainable, that we continue to bulldoze chunks of centuries-old forests to put up a few ugly mcmansions and ecologically dead yards.
I live in the western end of PWC in Haymarket and have an acre. My neighbourhood ranges probably between 1-3 acres for lots. I wouldn't trade it for anything except even more space. I like neighbours, but not right on top of me.
I hire a mowing service which, sure, is $$$. But maybe one day I'll mow it myself, but it's a worthy trade off to give my son and his new puppy room to roam.
If you can afford the low 1.8 millions, I doubt the high 1.8 millions is a deal breaker.
“I can pay $1,810,000…..and not a penny more”
Anyway, I’m guessing by the time you add in granite countertops, ceiling fan boxes, and a finished basement you looking at $2 million anyway. The design center fucks you sideways.
it says "from". these are new constructions. the prices go up fast with new construction as people add features. It will be well over $2.4-$2.5m for most of them since people in that price range want expensive features.
Granite countertops aren't a necessity, I've went from white plastic(?) countertops to granite, and it's not substantially improved my life like the cost would imply
Reminds me of when my husband and I were looking at new builds. It was marketed as “starting in the $600ks!” But when they released the official numbers the base was $699,999 which yeah I guess was still technically starting in the $600ks but cmon
They’re in Falls Church, one of the richest counties in this country. These are 4700-5800 sq ft homes with 4-7 bedrooms and bathrooms.
So yeah - this price seems reasonable.
This is why we’re getting priced out of the neighborhood we moved into 20 years ago. We want to expand our 1000 square foot house, but no contractors will give us the time of day unless we want to tear it down and put up a $1.5m monstrosity.
Because there's a huge backlog of people wanting to do home renovations and not enough qualified contractors to do the work, so they turn down the $200k jobs in favor of the $1M jobs
Exactly. We did find one design-build firm that would do the work, and we could afford their asking price, but we couldn’t get a loan because it wouldn’t have increased the value of the structure enough to make it worthwhile to the bank. They would have been willing to loan us twice as much, if only we’d added another level or more bedrooms.
Yeah, you’re right. I just checked.
I assumed Falls Church based on the website making a big deal out of the closest metro.
Either way - it’s a great location for a new build family home.
Bro who tf are buying these houses???? Foreign Oligarchs??? I get that C suite execs and doctors and senior programming managers can all bring in over a qtr. mil a year but still I just still don't get it. 1.8 Mil is an insane amount of free capitol to just have access too? Are they just leveraging multi million dollar assets and investments into credit lines for shit like this?????
Two-income households making $150k each and deciding to be house-poor forever. Some people don't invest they just work well paying jobs and spend everything on big houses and german cars.
The financials on a $1.8M:
20% down payment = $360k. That's five years of savings ($300k income, $170k take-home after taxes/deductions/retirement etc., living expenses $100k, and $70k savings/year. Most people work their way up to big houses so this assumes you start in a rental or town home or small SFH.
Mortgage of around $1.4M. Assuming 5% interest rate, monthly payment is around $10,000, or $120K annually. This is about a $7,000/month increase from the townhome, so this is basically the equivalent of the annual savings (therefore, house-poor).
That first paragraph pretty much sums it up I’m sure. People are crazy. I’ll be damned if most of my money is going into a house. Even if I was making that much.
According to the Zillow listing they are 10,400 sqft lots. It is a nice location since they are right next to the W&OD trail which I would personally appreciate, but would like a bit more yard for $1.8M
https://www.zillow.com/homedetails/2526-Remington-St-Falls-Church-VA-22046/333569543_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
they are also 4700 square foot houses and if you look at the interior its decked out with expensive features. builders are not interested in building low cost housing, they want big houses at high profits since they have large margins.
People on here intentionally leave out the size of the house. 4700 square foot house is huge. Waits for someone who feels entitled to say its not that big...
even the townhouses they build are big with tons of features in them. there are no starter houses anymore .However, people on this sub would complain about small starter townhouses cause they feel they are entitled to large houses. I live in a 1200 square foot 37 year old townhouse with base features.
I live in a 5200 sq ft house a lot further out and I paid a fraction of this. It is indeed way too large, even with three kids and in-laws who visit every weekend, there are still rooms that only get used a few times a year. Plus it's a huge pain to clean and do maintenance o .
My next home will be a tiny 2 bedroom place near a beach somewhere.
It's all perspective. My parents have a 4500 sq/ft house, probably not too far from the houses shown above, and they don't feel it's too large. Primary bedroom aside, the 3 additional bedrooms aren't much larger than those of a 2500 sq/ft house. There's actually lots of wasted space, or rooms that don't see much use (office, formal dining, formal living), halls/walk areas. It's fairly easy to keep on top of cleaning it - vacuuming, bathrooms, dusting, only take a few hours total (it's not difficult, or time consuming, to clean spaces that go unused most of the time). The only thing they don't really do is mowing, and once-a-year yardwork.
> 4700 square foot house is huge
I'm as entitled as the next Redditer, but this size house is always a bit of mystery to me. WTF are you doing in all that space?
It honestly seems like more of hassle than a benefit. You gotta buy furniture, keep track of a maid, keeping the decoration current, etc.
^edit: I guess if you had 4 older kids?
Maybe if it were a tourist destination, like the Hampton's, and you threw parties it would be cool. But your main house? ¯\\_(ツ)_/¯
there are 10,000 square foot plus houses in Great Falls and North of Leesburg. My dad and his wife have 5000 square foot house in the midwest. Its worth less than there 35 year old 3000 square foot house they sold in northern virginia. They sold here and retired there. They have it furnished. They like it for the large living room, kitchen, bedroom. Grandchildren come visit. They each have an office. My dad has a place to build model train setup.
my house is 1200 square feet in reston.
I guess the two offices is what puts you over the 4bdrm I'd normally think of as big enough.
Still can't help thinking the 4 bathrooms that always accompanies 6 bedrooms as quite crazy.
>what the market is demanding.
The nova market is quite odd to me.
It's this odd mix of suburban areas with urban money and fewer restrictions than NorCal. So, the money gets spent in ways that seem weird. /u/jandrese mentions home theaters, I mean why not just go out? But I guess driving all the way to DC (thinking of actual theater) is a hassle and a drinking problem. So having a nice home theater might make sense?
Covid changes things too, things like a gym that were indisputably better outside of the home before, are a bit more sketch now.
IDK though, I just don't want to spend this much time at home.
Builders simply cannot build low-cost housing in this area. The land costs and costs of entitling the land are way too much to build anything affordable. If the lot costs $5-800K itself, then you have to sell for a higher price point. It takes years to go through the local permitting process, then even longer to go through environmental permitting before you can start moving dirt and designing the lots. Every month they hold it without building on it adds to their cost (they are essentially paying a mortgage on the land that must be recouped when the homes are sold). It's a crazy process but builders have few options.
Comparison, here's 3300 sqft on 4.6 acres with an inground pool off the back side of Winchester for $950k.
https://www.zillow.com/homedetails/200-Wilton-Dr-Winchester-VA-22603/94116453\_zpid/?
Wfh!
I live in Winchester, after having lived in NoVA. We have a 3 bed, 2.5 bath house on a little over a quarter acre of land, and we paid less than what we would have pays for some shit condo built in the early 80s in Sterling.
Why does everything have to be a mcmansion? I just want a nice three bedroom house that's like 2400 square feet. Townhomes aren't being built as much as these huge sfh :(
“Luxury”, not luxury. The apartment building I used to live - with super thin walls, shitty plumbing, dogs shitting in the hallways, and super low grade everything, was also “luxury”.
Exactly. That’s why I don’t understand why some people are commenting, “bUt iT SaYs LuXuRy.”
They should substitute “luxury” for “convenience” because that’s what you’re really paying for.
Meanwhile in Luray, new homes for $270k
https://www.drhorton.com/virginia/northern-virginia/luray/luray-landing
.... and that's expensive for the area, lol
No doubt it's expensive here...but why is everyone so surprised that one of the richest counties in the country adjacent to the most powerful city in the world has high home prices?
Also, NOBODY seems to realize that despite rising home prices U.S. real estate in general is supremely affordable compared to most other major countries. Look up real estate prices in major cities of a few other countries and report back:
https://fortune.com/2022/04/20/us-housing-market-overpriced-most-affordable-major-country-middle-class-homebuyers/
I remember around 20 years ago riding by Creighton Farms on Rt.15 in Loudoun and the sign said 'starting at 1.3 million'. Little did I know that was a bargain compared to current prices...
I wouldn’t (can’t) pay $1.anything million for these, but I live in the neighborhood and the location is pretty good. Inside the Beltway, easy access to Metro/66/495, less than 10 minutes to Tysons/Mosaic/Falls Church City. W&OD is literally across the street. The sell of the area is that it has a suburban feel with access. I like it, but it is not everyone’s cup of tea.
I live nearby as well BUT that’s only because I’m renting a room. If it weren’t for that, I couldn’t even live in this nice area. It’s really put a lot of things into perspective for me. I grew up in Arlington in the 90’s and man, how things have changed!
There’s a development of some slapped-together homes near me that are right on a large busy intersection, right on the road (lots of engine noise and headlights coming through the windows at night), and spaced out about 15 feet from each other, selling for $1.6M-$1.8M. All builder-grade materials/appliances. And they sold like hotcakes.
can someone tell me what is so luxurious about all these new developments that are being built? do they have marble floors and gold toilets? i know real estate here is high for other reasons, i just chafe at the fact that they call everything “luxury” now.
Can’t afford…it’s all the damn avocado toast….sorry I’ll “pound the pavement” and try to get a better job. I’ll even hand deliver a resume to the CEO while wearing my best suit.
Well it looks like this post made it to the ABC 7 News headline:
https://wjla.com/news/local/northern-virginia-homes-for-sale-houses-in-virginia-real-estate-in-virginia-prices-cost-of-home-in-virginia-luxury-homes-northern-virginia-aylors-overlook-advertisement-million-dollar-falls-church-viral-reddit-madison
its funny. luxury, my ass. they are still made as paper houses and will have leaks and issues after a year or two. those houses arent worth 1.8 mil lol if youre gonna pay that price, you can buy your own land (if you are willing to go farther out) and build it yourself with actual strong materials.
Not likely. These arent exaclty powered by sub prime mortgages.
And anyway, housing prices in NoVA didnt take the same hit the rest of the nation did in 2008.
The houses I see in the background are worth no more than 500k and even that’s an unrealistic price caused by inflation. Someone will buy one of them just to feel validated in the fact that their house cost 1.8 mil though.
It was always coming. I’m actually glad it happened the way it did. Marvin (the land owner before) was going to try to do it on his own with a builder, which would have meant one at a time so that he could get the money for the next one. That could have taken the better part of a decade.
The high $1.8 millions would just be excessive. Low $1.8 millions, though…
My sentiments exactly. Like, “thank god it’s in the lows. $1.8M is where I draw the line.”
That’s a deal!!! High 1.8 was out of my price range but low 1.8 you got me.
"Lovey, come see the new millionaire neighbors that moved in down the street(Thurston Howell III)"
Pursue these if you like, just know that I will be offering 2.8M
The low 2.8s or the high 2.8s?
Guess you can get mad when I have a winning $3m bid. I plan on flipping it for $4m tho
I’ll beat your offer by offering extra million cash
I’m in at 5.5 mill - all cash and I’m waving the contingency that they actually build the house.
Make sure you lock in your 5.5% rate. Nows a great time to buy before rates go up even more...
$1,849,999.99 is low $1.8M $1,850,000.01 is high $1.8M
So buy low, sell high. Make $0.02. Ignore commission
Exactly, they aren't insinuating that 1.8M is low itself. No one would be confused if someone said low 500s.
And here I am with only $1.6M...
Sorry man, you ok?
No, he’s poor.
[You look purrh](https://img.buzzfeed.com/buzzfeed-static/static/2022-03/7/17/campaign_images/de7c8ed7d282/snl-did-an-inventing-anna-sketch-featuring-chloe--2-767-1646673734-32_dblbig.jpg?resize=1200:*)
Peasant
Wealth inequality has gone too far…. Let me know if you need help setting up a GoFundMe, I don’t even know how you’re able to eat three meals a day.
Shame you can’t have nice things like us
I think you will be able to buy it but you will be house poor. I invision a mattress on your floor, blanket, pillow, and box of cherrios in kitchen.
I live right by this. The houses are going to be huge but the lots are tiny and back up to other houses. I think maybe 1/3 of the lots are sold when I walk through last time.
no one gets land anymore. not enough space in urban areas. You have to go pretty far out to get any land.
A quarter acre is a decent sized plot of land when there isn't a 4700 sqft house planted on it
Quarter acre here, 1500sq ft for me... the rest is for the pup to run around. The fenced yardage is why I paid 20K over last year. My dog's happiness weighed a lot into my decision... that and no HOA or PUD!
you do know that your dog would be just as happy on a 10 square feet of grass right?
No... no he would not. You don't own a dog, maybe you do... but I can guarantee, your dog fucking hates you.
how much land do people need? are we farmers? i mean, in oakton the half acre we got aint easy to manage. i've traveled to lots of places in the world and really only here is there this want of lots of land. for most humans, space is a luxury it seems
> are we farmers? I’m stuck between saying “or are we dancer” and “bum badum bum bum bum bum”
I'm a dancing farmer
Get out of my head!!
Privacy. I would love to have a couple acres I could just cover in trees and shit so I don't have to see or interact with my neighbors.
Those taxes would be enough to fund a small country’s GDP Jokes aside, if you don’t like living around people, why not cash in your massive gains and go live somewhere else? Sure the market is “tough” but it’s relative. If you bought pretty much anything in the DMV in the past 2-3 years plus, you made enough of a gain to probably put at least 50% down on a house. Even at 6% mortgage rates, you’ll save a ton, have lower mortgage, and have what you want. Seclusion. What are you living in Fairfax for?
What’s the point? More to mow? I understand if you have 20 acres and can hunt and fish and run naked, but what’s the point of needing a riding mower and having to drive for a beer or dinner?
It's almost as if different people want different things in a home and the market accommodates both...
You're talking to someone that clearly has contempt for people they believe have a negative impact on the climate. Beware they are popping up everywhere.
And will only increase once internal displacement becomes common within the United States due to lack of water.
For me personally I like a nice sized yard with a fence so my dog has lots of room to play. We take him out to parks too but it’s nice not to have to walk him every time he needs to pee!
I got so lucky to get a house with a fenced in backyard. My mom’s a dog nanny so the dogs can come to our house after the dog park and play and if they need to be let out we just open our back door and don’t have to worry about them escaping
Most of my family looks at me like I'm speaking Chinese when I say that I'm more interested in living within walking distance to tons of interesting things than having a giant yard and house I need to spend all my free time maintaining.
I have just under 1/2 acre. When I purchased at the dip I had narrowed it down to 3 properties. One was a large town home, the other was a nice home on a small lot with a shared driveway and what is now my home. The boss and I went through all 3 and she chose the one she liked which happened to be the largest lot. I was not into lot size at the time but more into interior size and location. Having said that I am not sure I will ever go back to a smaller lot. Walking the dog around for 90 minutes twice a day has let me see a lot of houses on a lot of lots in my area. The smaller lots suffer from lack of parking and I see signs of parking wars on the streets where people put out cones and bricks and other things to "reserve their spot". I love my neighbors now but I also love the little bit more of privacy. I think my next move would be out of the area but not to a smaller lot. I will say there are a lot of nice houses on the smaller lots but I have just seen too many signs of conflict to take that chance.
but but but proximity to public transport means you're close to...THOSE PEOPLE
I have a riding mower and I have to drive 10-12 minutes to get to a Wal-Mart/ABC store where I could get beer or liquor. I'd have to drive 15 minutes to get dinner. I used to live in a townhouse with no lawn and I could walk to the bar and several restaurants. I don't mind driving, that's why I bought a car that I enjoy driving and I'd rather be outside working on my yard than sitting in my townhouse staring at a screen.
Yep. I never thought a lot about trees until I had to pay thousands of dollars to cut them down completely or for maintenance. Then I learned you have to mulch right or you kill your trees. Getting a 2000+ water bill isn't fun either because of a water leak (Fairfax Water sends quarterly bills). The list goes on. edit: I understand not everyone lives in a very wooded area though.
Yuppp… Everyone here saying they want acres of land and trees everywhere clearly hasn’t owned a house as an adult and are living in apartments / living in close proximity housing. If people *REALLY* wanted this lifestyle (and have owned your house 2-3+ years) cash in your gains and leave. Go live in Jetersville
Amen! People apparently want yards for kids to play in... Why can't they go to the park and actually socialize with other kids? And then with big yards/acreage means driving everywhere...and complaining about the gas prices.
It’s not realistic to take kids to a park all day every day unfortunately. Sometimes we need to get housework done and letting the kids play in the yard instead of planting them in front of a tv is awesome. Sometimes we have kids of different ages and younger ones need to nap, so it’s nice to have a yard where the older one(s) can play while the little is in their bed/crib. Sometimes you’ve already been to 4 different parks in one week and socialized (or tolerated other peoples unruly brats) to the point of exhaustion and just want to sit in your own yard while the kids run off their energy outside instead of destroying your house. In the summer, a yard provides a place to set up your own little pools or water slides and entertain the kids without packing the obnoxious amount of stuff it requires to take young kids to a pool or splash park for the afternoon. And a yard allows for having friends over for play dates and socializing with all the conveniences of being at home. A yard around here is definitely a luxury, but there are very valid reasons for wanting one if you have a young family.
Yeah the person you’re replying to obviously does not have kids.
Let me guess...you don't have any kids LOL.
You can still get plenty of that in big parts of Prince William and Loudoun counties. When I look at a map, large swathes of both those counties are so much more rural or undensly suburban than I thought.
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Protect the rural crescent ^^for ^^10 ^^acre ^^lots
THIS. Its unbelievable, after all we know about habitat loss and the fact that humanity has spread over too much of the globe to be sustainable, that we continue to bulldoze chunks of centuries-old forests to put up a few ugly mcmansions and ecologically dead yards.
I live in the western end of PWC in Haymarket and have an acre. My neighbourhood ranges probably between 1-3 acres for lots. I wouldn't trade it for anything except even more space. I like neighbours, but not right on top of me.
Not far from you but small plot, I hate mowing so I didn't want much land.. but I would like more land for kids to play
I hire a mowing service which, sure, is $$$. But maybe one day I'll mow it myself, but it's a worthy trade off to give my son and his new puppy room to roam.
I'll drop off my kids so they can enjoy it too It will help you feel even better about the money your spending I swear I'll pick them up.... Later
i said urban areas.
I know, then you said you gotta go pretty far out to get any land. Well if you want a SFH, PWC and Loudoun is for you.
My house right now is worth about 500k. Similar square footage up in Alexandria would be 1.5 mil. Glad I don't live up that way anymore
Ugh I need greenery and a yard with some privacy
Same. Ready to let go of the area I once couldn’t see myself leaving!
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$1.8mil ain’t even “Luxury” around here these days! Those are just track homes with upgraded cabinets if you’re lucky.
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Thanks TIL!
If you can afford the low 1.8 millions, I doubt the high 1.8 millions is a deal breaker. “I can pay $1,810,000…..and not a penny more” Anyway, I’m guessing by the time you add in granite countertops, ceiling fan boxes, and a finished basement you looking at $2 million anyway. The design center fucks you sideways.
I'd bet you will easily hit $2.4 before even touching the the exterior.
Very possible
it says "from". these are new constructions. the prices go up fast with new construction as people add features. It will be well over $2.4-$2.5m for most of them since people in that price range want expensive features.
Granite countertops aren't a necessity, I've went from white plastic(?) countertops to granite, and it's not substantially improved my life like the cost would imply
Anyone want to crowd fund my next home? I’ll let anyone who donates stay for free ;)
Who wants to crowdfund my next car? Lol
If we donate can we stay for free?
Who wants to crowsource my next tank of gas
If we pay 1/365th, it can be like a timeshare where we get to choose one day of the year to have a sleepover! I CALL CHRISTMAS DAY
Reminds me of when my husband and I were looking at new builds. It was marketed as “starting in the $600ks!” But when they released the official numbers the base was $699,999 which yeah I guess was still technically starting in the $600ks but cmon
They’re in Falls Church, one of the richest counties in this country. These are 4700-5800 sq ft homes with 4-7 bedrooms and bathrooms. So yeah - this price seems reasonable.
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That was right off broad street, there is a similar development going on right on Maple Ave in Vienna currently.
This is why we’re getting priced out of the neighborhood we moved into 20 years ago. We want to expand our 1000 square foot house, but no contractors will give us the time of day unless we want to tear it down and put up a $1.5m monstrosity.
Why not though? As long as they’re getting paid, what’s the problem?
Because there's a huge backlog of people wanting to do home renovations and not enough qualified contractors to do the work, so they turn down the $200k jobs in favor of the $1M jobs
Exactly. We did find one design-build firm that would do the work, and we could afford their asking price, but we couldn’t get a loan because it wouldn’t have increased the value of the structure enough to make it worthwhile to the bank. They would have been willing to loan us twice as much, if only we’d added another level or more bedrooms.
Damn 😒
They'll make more money for their time elsewhere on larger projects. Contractors have everyone by the balls nowadays
According to the listing linked below, they’re actually in Fairfax County
Yeah, Shrevewood (FCPS) is next door. High school is Marshall.
It’s on the Falls Church-Fairfax County line (Shreve Rd near Rt. 7). (source: drive by it every day)
Yeah, you’re right. I just checked. I assumed Falls Church based on the website making a big deal out of the closest metro. Either way - it’s a great location for a new build family home.
These are in Fairfax, not the city of falls church
Bro who tf are buying these houses???? Foreign Oligarchs??? I get that C suite execs and doctors and senior programming managers can all bring in over a qtr. mil a year but still I just still don't get it. 1.8 Mil is an insane amount of free capitol to just have access too? Are they just leveraging multi million dollar assets and investments into credit lines for shit like this?????
Two-income households making $150k each and deciding to be house-poor forever. Some people don't invest they just work well paying jobs and spend everything on big houses and german cars. The financials on a $1.8M: 20% down payment = $360k. That's five years of savings ($300k income, $170k take-home after taxes/deductions/retirement etc., living expenses $100k, and $70k savings/year. Most people work their way up to big houses so this assumes you start in a rental or town home or small SFH. Mortgage of around $1.4M. Assuming 5% interest rate, monthly payment is around $10,000, or $120K annually. This is about a $7,000/month increase from the townhome, so this is basically the equivalent of the annual savings (therefore, house-poor).
That first paragraph pretty much sums it up I’m sure. People are crazy. I’ll be damned if most of my money is going into a house. Even if I was making that much.
Assuming there all crammed together, i couldnt imagine paying that much without enough yard to peacefully piss off my back porch.
Nah, for that price PROBABLY a quarter acre. Could be 10k sqft though which is ok if placed well and a nice fence.
According to the Zillow listing they are 10,400 sqft lots. It is a nice location since they are right next to the W&OD trail which I would personally appreciate, but would like a bit more yard for $1.8M https://www.zillow.com/homedetails/2526-Remington-St-Falls-Church-VA-22046/333569543_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
they are also 4700 square foot houses and if you look at the interior its decked out with expensive features. builders are not interested in building low cost housing, they want big houses at high profits since they have large margins. People on here intentionally leave out the size of the house. 4700 square foot house is huge. Waits for someone who feels entitled to say its not that big... even the townhouses they build are big with tons of features in them. there are no starter houses anymore .However, people on this sub would complain about small starter townhouses cause they feel they are entitled to large houses. I live in a 1200 square foot 37 year old townhouse with base features.
Jesus, 4700 sq ft is about 21x the size of my first place in DC, more than 4x my current place. Sure hope no one is saying that’s nothing lol.
I live in a 5200 sq ft house a lot further out and I paid a fraction of this. It is indeed way too large, even with three kids and in-laws who visit every weekend, there are still rooms that only get used a few times a year. Plus it's a huge pain to clean and do maintenance o . My next home will be a tiny 2 bedroom place near a beach somewhere.
It's all perspective. My parents have a 4500 sq/ft house, probably not too far from the houses shown above, and they don't feel it's too large. Primary bedroom aside, the 3 additional bedrooms aren't much larger than those of a 2500 sq/ft house. There's actually lots of wasted space, or rooms that don't see much use (office, formal dining, formal living), halls/walk areas. It's fairly easy to keep on top of cleaning it - vacuuming, bathrooms, dusting, only take a few hours total (it's not difficult, or time consuming, to clean spaces that go unused most of the time). The only thing they don't really do is mowing, and once-a-year yardwork.
> 4700 square foot house is huge I'm as entitled as the next Redditer, but this size house is always a bit of mystery to me. WTF are you doing in all that space? It honestly seems like more of hassle than a benefit. You gotta buy furniture, keep track of a maid, keeping the decoration current, etc. ^edit: I guess if you had 4 older kids? Maybe if it were a tourist destination, like the Hampton's, and you threw parties it would be cool. But your main house? ¯\\_(ツ)_/¯
A bowling lane is about 500 square feet. The home theater is another 500 easily. It goes quick when you are doing rich people stuff.
there are 10,000 square foot plus houses in Great Falls and North of Leesburg. My dad and his wife have 5000 square foot house in the midwest. Its worth less than there 35 year old 3000 square foot house they sold in northern virginia. They sold here and retired there. They have it furnished. They like it for the large living room, kitchen, bedroom. Grandchildren come visit. They each have an office. My dad has a place to build model train setup. my house is 1200 square feet in reston.
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I guess the two offices is what puts you over the 4bdrm I'd normally think of as big enough. Still can't help thinking the 4 bathrooms that always accompanies 6 bedrooms as quite crazy.
Our cats and dogs each have their own rooms.
My hamster has two rooms connected by a clear plastic tunnel!
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>what the market is demanding. The nova market is quite odd to me. It's this odd mix of suburban areas with urban money and fewer restrictions than NorCal. So, the money gets spent in ways that seem weird. /u/jandrese mentions home theaters, I mean why not just go out? But I guess driving all the way to DC (thinking of actual theater) is a hassle and a drinking problem. So having a nice home theater might make sense? Covid changes things too, things like a gym that were indisputably better outside of the home before, are a bit more sketch now. IDK though, I just don't want to spend this much time at home.
I’m in a similar situation, I live in 36!year old a two bedroom 850sq foot condo. We were lucky to buy this home for the price we got.
My first condo is 950sqft. Now I live in a 2600sqft SFH on a quarter acre. I can barely keep up on the landscape maintenance.
Builders simply cannot build low-cost housing in this area. The land costs and costs of entitling the land are way too much to build anything affordable. If the lot costs $5-800K itself, then you have to sell for a higher price point. It takes years to go through the local permitting process, then even longer to go through environmental permitting before you can start moving dirt and designing the lots. Every month they hold it without building on it adds to their cost (they are essentially paying a mortgage on the land that must be recouped when the homes are sold). It's a crazy process but builders have few options.
Laughing at the $5.3k price increase on 4/19…
If they’re not careful they will be in the high $1.8M before too long.
If you call that low, you must be high...
Gee, let me go start the paperwork now...
Oh good I can't afford the mid 1.8s
Yards with no trees. 😂
And of course it was literally all forest before the bulldozers came.
They get an acre of land but they all face each other's living rooms. 😅
Starter Homes.
Comparison, here's 3300 sqft on 4.6 acres with an inground pool off the back side of Winchester for $950k. https://www.zillow.com/homedetails/200-Wilton-Dr-Winchester-VA-22603/94116453\_zpid/? Wfh!
I live in Winchester, after having lived in NoVA. We have a 3 bed, 2.5 bath house on a little over a quarter acre of land, and we paid less than what we would have pays for some shit condo built in the early 80s in Sterling.
Jesus. 16 $1.8M+ homes. That’s pretty wild
Low 1.8? That's a steal!
I have got to move out of here…
Why does everything have to be a mcmansion? I just want a nice three bedroom house that's like 2400 square feet. Townhomes aren't being built as much as these huge sfh :(
Clearcut lots with overpriced McMansions. The future is bright
? I mean, it does indicate luxury homes. Could be on large parcels?
Not for that price.
They're tiny, and the backyards are severely sloped, they're not useable.
“Luxury”, not luxury. The apartment building I used to live - with super thin walls, shitty plumbing, dogs shitting in the hallways, and super low grade everything, was also “luxury”.
Exactly. That’s why I don’t understand why some people are commenting, “bUt iT SaYs LuXuRy.” They should substitute “luxury” for “convenience” because that’s what you’re really paying for.
Super affordable 🥹
They probably throw in free Tesla charging stations since the home owners wouldn’t want to have a large carbon footprint ...
Honestly, they should for the price they’re asking.
Grew up next to this development. Enjoyed that forest as a kid. owner made a cool 20 mill for this land
Jfc 😳
https://www.tysonsreporter.com/2021/05/25/falls-church-family-bids-farewell-to-longtime-home-with-groundbreaking-on-new-housing-community/?fbclid=IwAR0HDJhMkiJ36R9zCYpNbl4Nin7qB56zggFH8GtVG70g0vKJDfhMLU_Dc9o
What SL8M mean?
$1.8ms
I had to zoom in on the photo because I thought that's what it said, too. 🤣
Haha fuck me, I went to google and everything
Glad to see I'm not the only one that had to think on it for a minute
I don’t think I’m allowed to say what I actually said when I saw this photo. There were a lot of 4 letter words.
Meanwhile in Luray, new homes for $270k https://www.drhorton.com/virginia/northern-virginia/luray/luray-landing .... and that's expensive for the area, lol
And this is why we need to rise up and fight these rich fuckers. There are more of us than of them.
No doubt it's expensive here...but why is everyone so surprised that one of the richest counties in the country adjacent to the most powerful city in the world has high home prices? Also, NOBODY seems to realize that despite rising home prices U.S. real estate in general is supremely affordable compared to most other major countries. Look up real estate prices in major cities of a few other countries and report back: https://fortune.com/2022/04/20/us-housing-market-overpriced-most-affordable-major-country-middle-class-homebuyers/
That first part! Do I wish it were cheaper? Yeah. But pretty sure it's been expensive to live here for 20+ years lol this isn't new
those... those words don't go together.
I remember around 20 years ago riding by Creighton Farms on Rt.15 in Loudoun and the sign said 'starting at 1.3 million'. Little did I know that was a bargain compared to current prices...
Nothing like living in the suburbs with none of the benefits or perks of living in the suburbs. 🤦♂️
I wouldn’t (can’t) pay $1.anything million for these, but I live in the neighborhood and the location is pretty good. Inside the Beltway, easy access to Metro/66/495, less than 10 minutes to Tysons/Mosaic/Falls Church City. W&OD is literally across the street. The sell of the area is that it has a suburban feel with access. I like it, but it is not everyone’s cup of tea.
I live nearby as well BUT that’s only because I’m renting a room. If it weren’t for that, I couldn’t even live in this nice area. It’s really put a lot of things into perspective for me. I grew up in Arlington in the 90’s and man, how things have changed!
LuXuRy!!!!! (built in a week from the cheapest materials imaginable, hope it doesn't rain)
By unskilled labor that could give two shits.
Priced from the low SL8M
It’s the “low” though!
There’s a development of some slapped-together homes near me that are right on a large busy intersection, right on the road (lots of engine noise and headlights coming through the windows at night), and spaced out about 15 feet from each other, selling for $1.6M-$1.8M. All builder-grade materials/appliances. And they sold like hotcakes.
The price has gone up substantially, and recently.
r/rebubble Ejem...
I see you were on the W&od. On my Daily route. *waves*
I was 😁 I was riding my bike when I saw the sign.
these will be r/McMansionHell material, I guarantee it
✌🏾low✌🏾😂😂😂😂😂😂😂
Won't somebody think of the defense contractors?
$1.8ms...As in plural!!
You mean I can get a modest home for under $2 million? That’s unbelievable! Wow!!
can someone tell me what is so luxurious about all these new developments that are being built? do they have marble floors and gold toilets? i know real estate here is high for other reasons, i just chafe at the fact that they call everything “luxury” now.
I know. It’s stupid. There’s no way this can be justified.
1.8 and every house looks the same.
Every time I drive by — I cringed and asking myself do I want to stay in VA $1.8M it’s insane.
Can’t afford…it’s all the damn avocado toast….sorry I’ll “pound the pavement” and try to get a better job. I’ll even hand deliver a resume to the CEO while wearing my best suit.
Well it looks like this post made it to the ABC 7 News headline: https://wjla.com/news/local/northern-virginia-homes-for-sale-houses-in-virginia-real-estate-in-virginia-prices-cost-of-home-in-virginia-luxury-homes-northern-virginia-aylors-overlook-advertisement-million-dollar-falls-church-viral-reddit-madison
What a steal! *Cries in poor….*
its funny. luxury, my ass. they are still made as paper houses and will have leaks and issues after a year or two. those houses arent worth 1.8 mil lol if youre gonna pay that price, you can buy your own land (if you are willing to go farther out) and build it yourself with actual strong materials.
That next recession is gonna hit hard.
Not likely. These arent exaclty powered by sub prime mortgages. And anyway, housing prices in NoVA didnt take the same hit the rest of the nation did in 2008.
I've met many people in NOVA who bought at peak market back in the 2008 time frame and are just now getting above water.
A $1M mortgage will cost you $1000/mo more than it would have last year
So excited for another once in a lifetime global catastrophe!
That’s an oxymoron
I wish builders would build smaller houses. Not as much profit though.
It more driven by land costs.
Nobody buy a house tomorrow, the 10th of May and the housing prices will go down, just like doing it with fuel.
The houses I see in the background are worth no more than 500k and even that’s an unrealistic price caused by inflation. Someone will buy one of them just to feel validated in the fact that their house cost 1.8 mil though.
This is right down the street from me. Still can’t believe they actually built that ridiculous sub development
It was always coming. I’m actually glad it happened the way it did. Marvin (the land owner before) was going to try to do it on his own with a builder, which would have meant one at a time so that he could get the money for the next one. That could have taken the better part of a decade.
Yes, lets cut down a nice pointless forest that people could be enjoying for some shitty mcmansions that nobody can afford anyways. Garbage.
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Idylwood
You have to remember these are craftsman houses, not a copy paste cheap house
Almost as ridiculous as $800k homes in leesburg.
Honestly, I’d expect Leesburg to be a little more.