High-Earners Left DC During Pandemic, Headed to ‘Burbs

[Anonymous]

Old news

I am in that range. In my immediate circle, 4 friends sold their DC rowhomes, 2 of them continued to rent them, and moved to burbs solely because they needed more space for kids. I moved out of DC because I wanted to raise a family. We moved from NW to Bethesda because I could sell my townhome and buy a bigger place with a yard.

I loved living in DC but it was time for me to move to the Burbs. I would move back once my kids leave the nest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Breaking news: people move to DC in their 20s then move out in their 30s when they start families.

Except that's not what happened...

then what happened..the age range is prime for people to leave cities. DC is a young city.

The same thing happens in NYC, Boston, etc. High earners typically buy bigger homes for their families..

[Anonymous]

People are leaving because of soaring crime rates and they're not coming back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, when the high earners left DC, they sold their homes to....other high earners.

Nope. DC has a tax crisis and will be hundreds of millions in the red for the budget soon because property values are tanking.

And so, being short of money and having unmanageable crime, the DC government is giving $2000 rebates for e bikes and $1000 if you are not low income. Rather than have after school programs, social programs, put e-bikes in the unused bike lanes.

[Anonymous]

Anonymous wrote:OP, when the high earners left DC, they sold their homes to....other high earners.

Except this is a "net loss", meaning the number of people moving in did not fully replace the people moving out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, when the high earners left DC, they sold their homes to....other high earners.

Nope. DC has a tax crisis and will be hundreds of millions in the red for the budget soon because property values are tanking.

THIS and this is why they're trying to force everyone back to in person work in DC $$$.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, when the high earners left DC, they sold their homes to....other high earners.

Except this is a "net loss", meaning the number of people moving in did not fully replace the people moving out.

Exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, when the high earners left DC, they sold their homes to....other high earners.

Nope. DC has a tax crisis and will be hundreds of millions in the red for the budget soon because property values are tanking.

There seems to be a LOT of denial about CRE crisis, which will be unprecedented.

[Anonymous]

Anonymous wrote:Well they shouldn’t have closed everything for two years so that it was boring to live here and kids couldn’t get a proper education. Half the morons who left probably supported it too.

No “probably” about it. DC voted 96% dem in the last election.

[Anonymous]

Anonymous wrote:People are leaving because of soaring crime rates and they're not coming back.

Those same people are the one who voted for high crime rates in DC.

[Anonymous]

Maybe we shouldn’t have closed schools for a year and a half? Thanks teachers union!

[Anonymous]

Anonymous wrote:People are leaving because of soaring crime rates and they're not coming back.

NAILED IT.

[Anonymous]

Some of you seem so thrilled about any problem in the District. Do you somehow think it is materially good for you in Chevy Chase or Ashburn or whatever god-forsaken suburb you live in if the District has problems? Or does it just make you happy to see other people suffer?

[Anonymous]

Since 2020, one family paid 4.5 million for a house, tore it down and are now in the middle of a$20 million for project; another bought two houses on adjoining lots for about 9 and are now finalizing a remodel and addition; and two more families spent approx $6 and 9 million for two move in ready homes, all in DC and all just in my block.

[Anonymous]

Anonymous wrote:Some of you seem so thrilled about any problem in the District. Do you somehow think it is materially good for you in Chevy Chase or Ashburn or whatever god-forsaken suburb you live in if the District has problems? Or does it just make you happy to see other people suffer?

Sometimes things have to get really bad before the problem can pierce the shields of denial that people put up. Only when problems are so bad, they can no longer be denied can you actually fix things. So yes, some of us are cheering on the very visible failures the current lemmingship of this city has inflicted on us all, because we are playing the long game.