Millennials aren't going to buy your ugly mcmansions, silly Boomers!

[Anonymous]

i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The average per person income of those moving from DC to PG over the past three years for which data is available has been around $20-22K, while the average per person income of those moving into DC from MoCo has ranged from $53-64K. It's just that the urban white Millenials who welcome gentrification are loathe to acknowledge that majority-black PG is the primary destination of people leaving or forced out of DC, so they instead prefer to predict the suburbanization of poverty in places like Olney (seriously?) where they think it's less likely their snotty, bike-riding asses will get called out.

Where are you finding all this data? You need to look at more than this to determine demographic changes in PG county. I would bet good money that the average per person income of those moving from DC to any local county over the past three years is low.

No, the income per person of those moving out of DC to other area jurisdictions is much higher - for example, around $69K per person for those moving out of DC to Arlington in 2013-14.

Again, where are you finding all this data? There is a bigger picture here, just picking and choosing certain locations and numbers won't tell the whole story.

[Anonymous]

I agree with much of what has been said above. Millenials will always be committed to urban environments, tolerating their Amazon packages being stolen from their porch, substandard schools, substandard public transportation options, small and moldy old houses and walking their kid four blocks to the park instead of a nice backyard.

Can't see that ever changing - nope. Guess we are just stuck with our big houses

[Anonymous]

Anonymous wrote:I agree with much of what has been said above. Millenials will always be committed to urban environments, tolerating their Amazon packages being stolen from their porch, substandard schools, substandard public transportation options, small and moldy old houses and walking their kid four blocks to the park instead of a nice backyard.

Can't see that ever changing - nope. Guess we are just stuck with our big houses

It's so interesting you equate all of this with an urban environment. You're either ignorant or just a negative person.

[Anonymous]

Anonymous wrote:i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

You seem to be labeling as "reality" what is nothing more than a prediction, while omitting one significant cohort from the equation - the urban Millenials who will stay in the city and never have kids. These people often have an disproportionate impact on local government and their interests are frequently not aligned with those of parents, as they favor spending on other social services besides schools and oppose land being acquired or developed for schools. When that group comes into conflict with parents who only want the best for their kids, it is usually the latter who blink first and move out. It's

[Anonymous]

Cleveland Park is quite expensive for SFHs and yet there are a lot of people who walk to the Metro.

[Anonymous]

Anonymous wrote:Cleveland Park is quite expensive for SFHs and yet there are a lot of people who walk to the Metro.

Cool story but wrong thread.

[Anonymous]

Anonymous wrote:i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

DC is full of very poor people.. Christ, the myopia in this thread is amazing, people think that upper NW or Dupont equals "all of DC".

[Anonymous]

Anonymous wrote:

Anonymous wrote:i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

DC is full of very poor people.. Christ, the myopia in this thread is amazing, people think that upper NW or Dupont equals "all of DC".

Actually, both are true. I don't have the statistics handy, but there seems to be a bimodal distribution in terms of income in DC. Both the wealthiest and poorest live here--not much middle class, though. I do wish DC would build more affordable housing for this third group.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

DC is full of very poor people.. Christ, the myopia in this thread is amazing, people think that upper NW or Dupont equals "all of DC".

Actually, both are true. I don't have the statistics handy, but there seems to be a bimodal distribution in terms of income in DC. Both the wealthiest and poorest live here--not much middle class, though. I do wish DC would build more affordable housing for this third group.

How many wealthy people live in DC compare to the suburbs. Overall it seems like DC doesn't comprise all that much of the region and that most of the wealthy are in Montgomery and Northern Virginia.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I agree with much of what has been said above. Millenials will always be committed to urban environments, tolerating their Amazon packages being stolen from their porch, substandard schools, substandard public transportation options, small and moldy old houses and walking their kid four blocks to the park instead of a nice backyard.

Can't see that ever changing - nope. Guess we are just stuck with our big houses

It's so interesting you equate all of this with an urban environment. You're either ignorant or just a negative person.

Seriously. Have any of you been to New York? NYC in the 70s-80s was like DC is now. Just give it another couple of decades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I agree with much of what has been said above. Millenials will always be committed to urban environments, tolerating their Amazon packages being stolen from their porch, substandard schools, substandard public transportation options, small and moldy old houses and walking their kid four blocks to the park instead of a nice backyard.

Can't see that ever changing - nope. Guess we are just stuck with our big houses

It's so interesting you equate all of this with an urban environment. You're either ignorant or just a negative person.

Seriously. Have any of you been to New York? NYC in the 70s-80s was like DC is now. Just give it another couple of decades.

Um, were you in NYC in the 70s-80s. The District hasn't been in that bad of shape for 15+ years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

DC is full of very poor people.. Christ, the myopia in this thread is amazing, people think that upper NW or Dupont equals "all of DC".

Actually, both are true. I don't have the statistics handy, but there seems to be a bimodal distribution in terms of income in DC. Both the wealthiest and poorest live here--not much middle class, though. I do wish DC would build more affordable housing for this third group.

Yes there are a lot of poor people in DC and gentrification is slowly pushing many of them out. It's hard to find a sfh anywhere except se DC for under $500k. Have you seen what's going on with prices in Ne DC? And prices in Cleveland park and other close in NW DC neighborhoods are much higher on a per square foot basis than Bethesda and McLean.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I agree with much of what has been said above. Millenials will always be committed to urban environments, tolerating their Amazon packages being stolen from their porch, substandard schools, substandard public transportation options, small and moldy old houses and walking their kid four blocks to the park instead of a nice backyard.

Can't see that ever changing - nope. Guess we are just stuck with our big houses

It's so interesting you equate all of this with an urban environment. You're either ignorant or just a negative person.

Seriously. Have any of you been to New York? NYC in the 70s-80s was like DC is now. Just give it another couple of decades.

That's a stupid comparison. In some ways NYC was more threatening but in most ways, just as now, it was far more interesting than DC will ever be.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i think DC is starting to become more like other major cities - where the wealthiest live in the city, and those with less $ live further out. think London, Paris, New York, etc. Eventually some of the millennials will move to the burbs when they have kids, some will stay put and their kids will go private if their parents earn enough $$ or if the millennials' boomer parents pay for private school (there will be a huge transfer of wealth once the boomers start getting older and dying), and some will luck into good schools/charters. But the reality is - more will stay in the city than they used to, but many will also move to the burbs because they are priced out of a house and good schools. And there are a ton of millennials - so there are definitely enough of them to buy the mcmansions even if many stay in the city.

DC is full of very poor people.. Christ, the myopia in this thread is amazing, people think that upper NW or Dupont equals "all of DC".

Actually, both are true. I don't have the statistics handy, but there seems to be a bimodal distribution in terms of income in DC. Both the wealthiest and poorest live here--not much middle class, though. I do wish DC would build more affordable housing for this third group.

Yes there are a lot of poor people in DC and gentrification is slowly pushing many of them out. It's hard to find a sfh anywhere except se DC for under $500k. Have you seen what's going on with prices in Ne DC? And prices in Cleveland park and other close in NW DC neighborhoods are much higher on a per square foot basis than Bethesda and McLean.

That's true but kind of irrelevant since people determine how much they're willing to spend on housing based on total cost, not price per square foot.