[LUconn]

Not a bad days work on your part. We bought ours about a year and a half ago for $115,000. ~1900 sqft 3 level townhouse. 3 beds 2.5 bath w/ a community pool. We're gonna try to get $130,000 for it when we sell, which will be any time now. It's right next to peaksview park which is a plus but as I stated ealier, the neighborhood next to us is bringing the price down. Plus they're building brand new ones on Old Forest.

[TIMSCAR20]

Well Rocketfan let me tell you the Town Houses in Northern VA start about 600K now. And they area anywhere from 2200 to 4000 square feet. Also they are everywhere. They were not that expensve 3 years ago when we lived there but the equity up there makes this town's growth and equity pale in comparison. Ours was a 2 car garage 3 level brick front. All the ones in my neighborhood were brick and the end units were absolutely huge. They just don't make em like that down here.

[Rocketfan]

Your right they sure dont' make them that big down here.....but with the price tag for Northern VA your gonna have about 3 families living in 4000 sq just to pay that mortgage! Plus i mean you gotta think most people who could afford a townhouse that big would rather have a house with some acres added on as well(around here anyway). Sounds like a lot of happy people living up there too, seeing as they are sitting on probably a 100K+ in equity when they sell. Thats reason for smiles all around!

[TIMSCAR20]

Truth is Rocket, the folks up there that bought their house around 2000 or 1999 are sitting on at least 400K in equity! I know it sounds crazy but it is true. I know my wife and I made out well when we sold our Town House but if we had stayed another 2 years we would have been in the money big time. I have neighbors up there that stayed because if they sold to move into a bigger single then they would have been paying about 800K to 1.5 for a house that was 400 K a few years earlier. These numbers sound crazy to most but up there it is pretty normal. If you are on the outside looking in, it seems impossible to move there now but if you were already in before 2002 or 2003 you could be sitting very nicely if you owned. I have to disagree with you about the people who can afford that town house wanting to go in a single family with land. There are very few single family homes with a lot of land. Many of the houses up there are right on top of each other it seems. Therefore a townhouse that is as big as a single is ideal for many folks (like the Scarboroughs). Also people make a whole lot more money up there on average than almost anywhere in the country. Making 6 figures up there is not even that abnormal or impressive for that matter. It is really just a different world altogether and although I miss it sometimes, I am glad we are out of that rat race for the most part.