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Unfortunately I doubt it, regulations & zoning policies are crushing incentive to build starter/middle homes, in more dense areas that can support walkability and more efficient public transportation that younger families desire and need. No coincidence total housing & zoning regulations year-over-year has an inverse relationship with total housing supply year-over-year nationwide. Additionally, most politicians do not want to increase supply or density due to fear of being voted out of office given most of their residents look at housing as an asset leaving younger generations SOL.
If anyone needs a bigger home it’s me but I just can’t bring myself to pay $800k+ for a home that was selling for $500k+ just 4 years ago. I’m obviously a small minority here since this out of wack pricing doesn’t seem to bother other people in the area and overpriced homes are consistently being sold within days of going on the market.
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Great video! While I do not think housing prices in NOVA will slow down, hopefully the interest rates will drop.
Thanks for watching!!!!
What else can come from home owner
Great video. I’m glad I already bought a home.
Right on!
Unfortunately I doubt it, regulations & zoning policies are crushing incentive to build starter/middle homes, in more dense areas that can support walkability and more efficient public transportation that younger families desire and need. No coincidence total housing & zoning regulations year-over-year has an inverse relationship with total housing supply year-over-year nationwide. Additionally, most politicians do not want to increase supply or density due to fear of being voted out of office given most of their residents look at housing as an asset leaving younger generations SOL.
Do you think the potential layoff in fed government will impact the housing market in NOVA?
I highly doubt it. As it will only potentially affect such a small % of our regional population. But I will be keeping my eyes on it.
If anyone needs a bigger home it’s me but I just can’t bring myself to pay $800k+ for a home that was selling for $500k+ just 4 years ago. I’m obviously a small minority here since this out of wack pricing doesn’t seem to bother other people in the area and overpriced homes are consistently being sold within days of going on the market.
Rows and rows of over priced overcrowded area.