My immigrant grandparents stared life in a different big U.S. city as a live-in maid and sanitation worker. Then bought a 2 flat and rented the second unit, later a small SFH where they cared for a dying relative and he kids all shared one bedroom. Their children lived at home and -wait for it - gave their full paychecks to my grandmother- from ages 16 on until age 30 in my mother's case at which point she married and moved out. That is how they afforded a house with low wages, the oldest way in the world, multiple jobs and multiple generations. |
I feel like everyone has missed the entire point of OP, which I took to mean as the massive income and wealth gap in this country. |
Donald Trump’s mother was a maid before she got married to Fred. Maids can keep your house clean and be filthy rich |
Funny, I feel like that is exactly what many of us have been discussing. There were clear wealth and income gaps decades ago and they clearly have gotten much, much worse. |
The middle class is shrinking because the upper class has grown: According to the most recent data from the U.S. Census Bureau, in 2018, over 30 percent of U.S. households earned over $100,000 (i.e., the upper class). Fewer than 30 percent of households earned between $50,000 and $100,000 (i.e., the middle class). The share of U.S. households making at least $100,000 has more than tripled since 1967, when just 9 percent of all U.S. households earned that much (all figures are adjusted for inflation). In 2018, the share of households earning less than $50,000 (i.e., the lower class) dropped below 40 percent for the first time since the U.S. Census data on this metric started to be collected in 1967. Back then, 54 percent of households earned less than $50,000. https://www.cato.org/blog/middle-class-shrinking-households-become-richer If you don't like that the data is summarized by Cato (although it's from the U.S. Census Bureau), here's a similar article from Brookings: https://www.brookings.edu/opinions/the-myth-of-the-disappearing-middle-class/ |
No, those days are never coming back. Did your aunt have children? What are they up to professionally? Just curious. |
Untrue. I know many people who live in “tear downs” but sold to young couples willing to do work on the house. |
People! And cars on a street! Imagine! |
Hhhmmm. You get part of it but you don't get all of it. There are some huge societal differences between Arlington and Manassas in 1980 and 2020. In 1980 not all (maybe most?) families had dual-income providers, and it was not unusual for most households to still only have one car OR to only a few years prior have purchased a second car. Additionally no one is suggesting Manassas as the alternative, unless you're approaching this from a white bias. My suggestions to you would be to look in Anacostia, Brookland, Fort Washington, Bowie, Annandale, Springfield, etc. I think the reason you're not considering those places is because large parts of them are blue collar and, gasp, POC and ethnic enclaves. Those would be today's equivalent of the maid at the Watergate scenario from OP. |
If I were priced out of Arlington/McLean/Vienna, I’d probably look in Fairfax City or Annandale just outside the beltway. Maybe certain parts of Alexandria in Fairfax County. And don’t just buy for the house. Get a good plot of land. Too many people don’t think about the land, which is what is really valuable. Get a nice flat lot that isn’t downhill and doesn’t have any weird issues or development constraints. Try to stay close to commuter roads and ideally at least some popular bus lines. Within 1-2 miles of metro if possible.
I don’t know the MD equivalent. But this would be my advice to today’s home buyer hoping to ride the next wave of appreciation. |
No children of her own. But plenty of nieces and nephews. |