Susan is a big fan of home shows on cable station HGTV. She enjoys watching Fixer Upper, Property Brothers, Love or List It, House Hunters and more. Once Susan starts watching a show, she is compelled to watch it to the end to see what happens. One show becomes two and then three. Sometimes, the binge will last to midnight or beyond.
D.C. real estate is fun to dream about. As we stroll around town, we see a nice house or we see a "for sale" sign and our imagination takes over. How would we decorate the house, what would we change, etc. Even when we see a run down property, we imagine restoring it to its former glory.
In D.C., prices are high, ridiculously high. So, the idea of buying and renovating is fantasy. Besides, we are enjoying the 10 Year Plan. It's no time to tie ourselves down. Right? Still, we can dream.
So, let's say you were house hunting in D.C. and you were looking in one of the trendy neighborhoods filled with nice homes, plus some fixer uppers.
What would you pay for the fixer upper pictured below?
Below is another, much larger fixer upper. What would you pay for it?
Imagine if both houses were next to each other. What would you pay for both of them together?
Next Up: Some answers.
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