Quote:
Originally Posted by Stu from NYC
Our daughter and son in law live in DC where a house that would go for 750 would be considered a slum and the buyer would tear it down and build new.
|
In 1967 I bought a house in Alexandria, VA in a nice neighborhood I believe called Rose Hill off Franconia Road on a street named Chevell Court for $27,000. Just checked. Homes on that street now are in the $750K+ range.
A year later I bought a four unit apartment building at 321 C St SE in the Capitol Hill area of DC for $28,000. I wonder what it would go for today? Zillow shows it at about $1.5M.
I have fortunately been able to assist my adult children with housing but my grandchildren aged 15 - 20 are facing very high housing costs in their future.