Posts Tagged ‘real estate’

Time, space, and urbanity

There has been a fair bit of press this week discussing a report from the Urban Land Institute called Beltway Burden: The Combined Cost of Housing and Transportation in the Greater Washington, DC Metropolitan Area.  This is an interesting and well-researched look at balancing our cost of living and quality of life.  As you might guess, if you have a long commute, you pay less for housing and more for transportation.  If you have a short commute, it’s the other way around.

Any analysis like this, however, is all about where you “draw the box” and this report leaves a lot of things out of the equation.  Yes, it costs substantially more on average in both dollars and pollution to live in Loudoun County than the District, but these are substantially different lifestyles.  I was disappointed that the many things that are traded off in the housing decision are mentioned only anecdotally. So many factors are impossible to quantify– the health benefits of walking more and driving less, the everyday delights of cultural diversity, or the proximity of friends and family. It would be great to have a tool that could put a value on things like convenience to amenities, square footage, social life, schools, green space, beauty, noise, and many other parts of the work/life balance, and could help us understand all factors in order to find a better societal and personal balance. 

The authors seem to believe that people buy houses on price alone, and if only they would count the time, cost, and hassle of commuting, they would buy a house closer to the city center.  As we all know, it’s not that simple.  While it is true that traffic is bad across the metropolitan area (and it’s only going to get worse), middle class folks who want a big house and a suburban lifestyle and are going to put up with it.   The ULI thankfully stops short of telling people they shouldn’t want whatever American dream that’s in their heads. 

To the good, the ULI very sensibly recommends improving mass transit, building affordable in-fill housing, and increasing telecommuting.  It’s my opinion, though, that these stop well short of addressing the issues.  They don’t mention the need for better soundproofing technologies for dense housing, for public parking throughout the city, for innovative designs in small houses, for better designs in shared green space, and a hundred other things that could tip the balance for a lot of people. 

I choose to live in the densest neighborhood in DC for a lot of reasons; energy efficiency is only one of them.  And I’m always curious why people choose to live where they do– I’d love to hear your reasons for choosing your home, your neighborhood, and your city.

Foray Into Foreclosures, Part II

Photo courtesy of PhotoDu.de

Ok, so it’s been a couple of weeks since my last entry on house-hunting. I’d mentioned then we’d be scouring the I-95 corridor…

Well, nix that idea. Every time I think of commuting up that nightmare stretch of road, I get the shakes and want to vomit. Spending nearly a quarter of my day stuck in a metal cocoon (even if it is a SUV) with other hapless souls just sucks a bit more life out of me.

So I put my foot down. We’re gonna pass. Even the allure of half-price housing just doesn’t do it for me. The fuel cost alone would even out the mortgage savings.

That issue settled, we instead spent some time looking along the Fairfax County Parkway corridor (aka “Rt 7100” for you locals who think it’s a speedway).

Yes, yes, we’ll look at DC at some point, it’s on the list (looks at Wayan).

We’ve found nothing but depressing sites (save one corner lot). My question is to these faceless foreclosed souls is a simple one, really. Were you THAT greedy a few years back that you bought well above your means to the point that you had to play landlord for a bit? And did you ever hear about “tenant screening”? Using Craigslist doesn’t count, period. My God, these homes looked so abused and malformed… If they were children, I would’ve sworn we were in a Third World country.

I know that if you are trying to short sale, you think it excuses you from cleaning up the place. It doesn’t. It only makes me want to smack you and dissuades me from even considering your house as a viable purchase to save you from the bank. My sympathy turns from your hard-luck case to the sad state of your former home.

And I don’t have the extra $$$ to spend on cleaning up and re-fixing the house.

Good thing we have time to be picky. I’d hate to be doing this with only a month or two to find something.

What about you? Are you more inclined to consider a place that’s at least clean (or attempted as such)? Or is there something worse that turns you off a potential home sale?

For Sale, courtesy of PhotoDu.de

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