Anonymous wrote:
Anonymous wrote:
Anonymous wrote:If you don' like it, you have options. But wealthy people keep moving into the district. The free market has spoken. Whatever problems DC has, it is attractive to people with means.
Wealthy people are moving to the whole region period. DC gets much less as a percentage of new residents than the suburbs. So in other words DC isn;t attracting as many wealthy people as say Arlington or Bethesda.
Well your measure does not make sense. DC has less physical space to expand. The only way to add wealthy people is through gentrification of transitional neighborhoods, and yet it still happens. In Arlington you can tear down a 2,000 square foot home in a nice suburb and build a 5,000 square foot home. I live in North Arlington and love it. But there is a net inflow of wealthy people into the District, and that is significant. DC is too small to ever compete on raw numbers. A better economic measure is this:
Find the cost of a 4500 square foot home on 7500 feet of land that is 6 blocks from the metro. What is the price in Arlington? What is the price in the District? Bethesda? The market does not lie.