Re: moving to manassas soon, what to expect?
Posted by:
Manassas Resident
()
Date: August 17, 2008 07:44AM
vapreneur Wrote:
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> wow its amazing how many ppl hate and bash on
> manassas. its really not that bad of an area. i
> think there's just a lot of rich, white, bitter
> racist ppl on these forums
I live in Wellington and overall I like Manassas. I'm not happy about the property values going down. But I'm not blaming the Hispanics. Property values were great when the Hispanics were moving in, but have dropped the most of any county in the State of Virginia since PWC passed its ridiculous ordinance.
>
> im not planning to rent to any illegals. more like
> college students and employed professionals
College students? Let's see...George Mason PWC is a commuter campus. Most people who go there aren't from out of state looking for a place to live. As for employed professionals, why wouldn't they just buy a home if prices are so good?
>
> maybe your upset because you lost the equity on
> your house and the house across the street is
> being bought by ppl like me at a 50% discount
While I think it makes sense to buy now, I think a lot of people - probably like you - are under-capitalized, buying several homes they really can't afford with the hope they can keep them all rented for enough to cover their costs, which I don't believe is going to happen since I see a lot of vacant rentals in Manassas.
>
> also why wouldnt you want to shop for a
> foreclosure in this market? i guess none of you
> own any real estate or are aware of the what
> prices are going for right now
I agree this is a good time to buy. If I could sell the house I am in, I probably would. However, I'm not going to over-leverage myself to do it.