Old Money Neighborhoods

[Anonymous]

[Anonymous]

Maybe if you are old enough you build up immunities to all the toxic chemicals in Spring Valley.

http://www.washingtonian.com/blogs/capitalcomment/local-news/dig-for-chemical-weapons-in-spring-valley-extended-to-2017.php

[Anonymous]

Anonymous wrote:Price per detached single-family home is a perfectly good, and common, metric. Great Falls and McLean typically are at the top. People with more to spend prefer bigger apples.

Not all do. Price per SFH is ONE good and common metric. So is price per sq ft.

[Anonymous]

Anonymous wrote:Maybe if you are old enough you build up immunities to all the toxic chemicals in Spring Valley.

http://www.washingtonian.com/blogs/capitalcomment/local-news/dig-for-chemical-weapons-in-spring-valley-extended-to-2017.php

WOW 2017? Who's to say they don't extend it later like they did this year? Until they are done no one will want to buy here at full price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Price per detached single-family home is a perfectly good, and common, metric. Great Falls and McLean typically are at the top. People with more to spend prefer bigger apples.

Not all do. Price per SFH is ONE good and common metric. So is price per sq ft.

Price per square foot is of more interest to people renting commercial office space or studio apartments in NYC. Buyers of single family homes in the DC area focus on the price of the house.

[Anonymous]

Anonymous wrote:Old money means something where a good number of families stay in the city for generations. Not so true of Washington. Lots of money, lots of older houses, but far too many transient families to have established old money.

Ha. Then you don't know DC.

[Anonymous]

Anonymous wrote:I agree with the poster who says it is definitely not McLean - that's all tech money or GOP operatives and former VIPs who have gotten rich off of some defense contractor teat or something of that ilk. The old money is in Belle Haven, the Village of Chevy Chase and Foxhall/Spring Valley in DC.

FWIW everyone I've ever known to move into those 'hoods say that 1) everyone is old; 2) if they are not old and have younger kids, none go to public school; and 3) no one is terribly friendly.

Bingo. This PP Is correct.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Old money means something where a good number of families stay in the city for generations. Not so true of Washington. Lots of money, lots of older houses, but far too many transient families to have established old money.

Ha. Then you don't know DC.

The bulk of the multi-generational families in DC mostly don't have serious money, and the uptight white newcomers want to kick them out to PG anyway.

A few cave-dwellers in places like Forest Hills don't matter. They are weird oddities and make little impact on the city or region.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Price per detached single-family home is a perfectly good, and common, metric. Great Falls and McLean typically are at the top. People with more to spend prefer bigger apples.

Not all do. Price per SFH is ONE good and common metric. So is price per sq ft.

Price per square foot is of more interest to people renting commercial office space or studio apartments in NYC. Buyers of single family homes in the DC area focus on the price of the house.

if you are deciding what house you can afford, that makes perfect sense. But if you are comparing costs of RE in different areas, price per sq ft also makes sense. Now its nog the best for determing where the richest people are, but if thats what you want to know, why not just look at data on income instead?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Price per detached single-family home is a perfectly good, and common, metric. Great Falls and McLean typically are at the top. People with more to spend prefer bigger apples.

Not all do. Price per SFH is ONE good and common metric. So is price per sq ft.

Price per square foot is of more interest to people renting commercial office space or studio apartments in NYC. Buyers of single family homes in the DC area focus on the price of the house.

if you are deciding what house you can afford, that makes perfect sense. But if you are comparing costs of RE in different areas, price per sq ft also makes sense. Now its nog the best for determing where the richest people are, but if thats what you want to know, why not just look at data on income instead?

It is typically easier to track housing information than income data.

[Anonymous]

Is the new money not green? Old money vs new money is a stupid argument and I don't care which side of it, you are on. I am guessing that 99% of the posters here aren't on either side.


Isn't the argument whether you want to live in the city, and pay more for less, or live outside the city and pay more, get more? You trade sidewalks for horse fence, you trade walking to shops for some privacy and setback from your neighbors.

It is not one size fits all.

I have inlaws who live in a very small house in DC. They think it's great. I can't stand visiting there for 10 minutes. They come to our house and complain about the drive (8 minutes from the beltway). My house is 5 times the size of theirs, my deck is bigger than their entire backyard. Neither of us would take the others' house if it was free. That is why this argument is insanely stupid. Thank god everybody isn't the same.

The topic, for whatever reason, was old money neighborhoods, not new money vs old money or why McLean sucks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I agree with the poster who says it is definitely not McLean - that's all tech money or GOP operatives and former VIPs who have gotten rich off of some defense contractor teat or something of that ilk. The old money is in Belle Haven, the Village of Chevy Chase and Foxhall/Spring Valley in DC.

FWIW everyone I've ever known to move into those 'hoods say that 1) everyone is old; 2) if they are not old and have younger kids, none go to public school; and 3) no one is terribly friendly.

Most of Spring Valley is new because of the rebuilding due to the chemical spills.

Thank god I can only imagine how stupid you are IRL.

Most of Spring Valley is not new and the issue you seem to be grasping for was not "chemical spills."

Spring Valley proper was built mostly in the 1920s-1940s and very few houses ( maybe one) have been "torn down" because of the discovery of old munitions buried in the soil behind AU. There is a smaller, side section of Spring Valley that is very new with much smaller lots an less gracious homes. That section, however, has no relationship whatsoever to the munitions issue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I agree with the poster who says it is definitely not McLean - that's all tech money or GOP operatives and former VIPs who have gotten rich off of some defense contractor teat or something of that ilk. The old money is in Belle Haven, the Village of Chevy Chase and Foxhall/Spring Valley in DC.

FWIW everyone I've ever known to move into those 'hoods say that 1) everyone is old; 2) if they are not old and have younger kids, none go to public school; and 3) no one is terribly friendly.

Most of Spring Valley is new because of the rebuilding due to the chemical spills.

Thank god I can only imagine how stupid you are IRL.

Most of Spring Valley is not new and the issue you seem to be grasping for was not "chemical spills."

Spring Valley proper was built mostly in the 1920s-1940s and very few houses ( maybe one) have been "torn down" because of the discovery of old munitions buried in the soil behind AU. There is a smaller, side section of Spring Valley that is very new with much smaller lots an less gracious homes. That section, however, has no relationship whatsoever to the munitions issue.

Spring Valley is probably the dullest neighborhood in the entire region. The chemicals wouldn't get to me because I'd die of boredom there first.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I agree with the poster who says it is definitely not McLean - that's all tech money or GOP operatives and former VIPs who have gotten rich off of some defense contractor teat or something of that ilk. The old money is in Belle Haven, the Village of Chevy Chase and Foxhall/Spring Valley in DC.

FWIW everyone I've ever known to move into those 'hoods say that 1) everyone is old; 2) if they are not old and have younger kids, none go to public school; and 3) no one is terribly friendly.

Most of Spring Valley is new because of the rebuilding due to the chemical spills.

Thank god I can only imagine how stupid you are IRL.

Most of Spring Valley is not new and the issue you seem to be grasping for was not "chemical spills."

Spring Valley proper was built mostly in the 1920s-1940s and very few houses ( maybe one) have been "torn down" because of the discovery of old munitions buried in the soil behind AU. There is a smaller, side section of Spring Valley that is very new with much smaller lots an less gracious homes. That section, however, has no relationship whatsoever to the munitions issue.

PP may have confused SV with the Foxhall Crescent area, where builders periodically harvest the worst of suburban housing styles and inflate them to truly horrific proportions for the DC new money crowd.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Price per detached single-family home is a perfectly good, and common, metric. Great Falls and McLean typically are at the top. People with more to spend prefer bigger apples.

Not all do. Price per SFH is ONE good and common metric. So is price per sq ft.

Price per square foot is of more interest to people renting commercial office space or studio apartments in NYC. Buyers of single family homes in the DC area focus on the price of the house.

if you are deciding what house you can afford, that makes perfect sense. But if you are comparing costs of RE in different areas, price per sq ft also makes sense. Now its nog the best for determing where the richest people are, but if thats what you want to know, why not just look at data on income instead?

It is typically easier to track housing information than income data.

If you need to know month to month. Is there any reason to think that the SES status of places like McLean or North Arlington is changing in such a short time period?