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

[Anonymous]

Anonymous wrote: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.

Ward 3 is still healthy as ever..not so much in the NE, SE and SW (to some extent) wards.

[Anonymous]

Anonymous wrote:

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.

I was here when things flipped and we went block by block, meeting after meeting, and day by day until we got things turned. Will roll up my sleeves and do it again.

[Anonymous]

“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

[Anonymous]

Middle class leaves as they can't afford enough home space or private schools.

[Anonymous]

Based on the insane and rising prices of DC houses... no. That's not true. Some people who are wealthy by the standards of the dweebs in flyover land maybe are going back to middle-of-nowheres... but people who are successful in DC have always lived in DC and that ain't changing.

[Anonymous]

Anonymous wrote:

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

This^. Common sense.

They sold their home to rich developers

[Anonymous]

Anonymous wrote:“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

got damn since when is 200k not high income in your vapid mind?

[Anonymous]

Look man just give DC back to the DC natives so they can afford a house there like back in the 80's.

[Anonymous]

Anonymous wrote:“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

This is us. We moved to Bowie.

[Anonymous]

Anonymous wrote:

Anonymous wrote:“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

This is us. We moved to Bowie.

I don't understand. Houses aren't even selling there despite how cheap they appear to be relative to the nova and moco burbs

[Anonymous]

Anonymous wrote:

Anonymous wrote:“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

got damn since when is 200k not high income in your vapid mind?

Since inflation and understanding what you can buy at 3-4x your HHI. In this area, high income starts at $450-$500k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

got damn since when is 200k not high income in your vapid mind?

You must be new to DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“High earners”

The data was 100k-200k..most moved to PG county because it was the only place they could afford a home.

It’s not some anti DC conspiracy..young people want to own a home and those in the 100-200k can’t afford a home in DC proper so they are looking further out. Seems pretty normal to me.

The actual high income earners aren’t leaving Wesley Heights for Bethesda

This is us. We moved to Bowie.

I don't understand. Houses aren't even selling there despite how cheap they appear to be relative to the nova and moco burbs

We paid $525k for our 3200sqft home in May 2020. One of our neighbors sold for $760k this July.

[Anonymous]

I thought the table here was really interesting. It shows net loss of households to different areas, net tax loss, and average household income for those who moved to each area. Outside the DMV, Denver, Los Angeles, Seattle, Miami, and Austin were all popular destinations.

https://wtop.com/dc/2023/09/high-earners-who-left-dc-during-pandemic-cost-city-3-billion-in-tax-revenue-data-reveals/

[Anonymous]

Anonymous wrote:I thought the table here was really interesting. It shows net loss of households to different areas, net tax loss, and average household income for those who moved to each area. Outside the DMV, Denver, Los Angeles, Seattle, Miami, and Austin were all popular destinations.

https://wtop.com/dc/2023/09/high-earners-who-left-dc-during-pandemic-cost-city-3-billion-in-tax-revenue-data-reveals/

Florida and Texas got the highest-earning DC folks.

Interesting