December 27th, 2002

Macbeth the Usurper

Housing

I've been looking at housing these days. Houses in my neighborhood have been going up in "value". Perhaps overinflated is a better word. I figure my house is "worth" about $175k now. Damn. I bought at $112k.

The stupid thing is that I was making $36k when I bought the house. Four and a half years later, I'm making $58k, and if I was a first time house buying, I would be buying houses in the same price range. Damnation!!! As it is, IF I move, all that "profit" would roll over into the new house, subsidizing the rent, and making the mortgage manageable.

I think I'll stay put. If values go up enough, I can move out of town and buy a house somewhere else outright. Yeah. I can dream.

Median income for the DC area is $64k. Damnation.