Do you know a lot of people with family money in NW DC?

[Anonymous]

I feel like regardless of how I meet people they all have significant family money around here.
I met most of my friends when our kids were young (they're now all around k-2) and it seems like every one of my friends is trading their million dollar starter home for the 1.8 million dollar "kids are bigger and we need more space" home. They're all single income families where the husband works as a government lawyer or is an IT guy for the government or a mid level associate for a government contractor and they owned their current (first) home for less than 5 years.
It's just crazy because I've met my friends in all sorts of avenues in DC---mom's groups, preschool, church--and yet their finances are all similar, down to a person (I'm talking about several dozen women). Decent but not great single salary, SAHM and a really fantastic lifestyle.
Have you found this to be the case? I've lived in several other major urban areas but I've never been so surrounded by family money as I am here.

[Anonymous]

It's not just dc nw. McLean is full of them. I know one family on a government mid level salary of probably 65k a year who live in a 2 million dollar house daddy bought them.

[Anonymous]

Yep. I know people like this. Million dollar home, one salary family or both low to mid level jobs, trust funds and grandparents paying for grandkid's daycare or private school. Must be nice!

[Anonymous]

Yes and I'm one of them.

[Anonymous]

Anonymous wrote:Yes and I'm one of them.[/quote

+1 but *gasp* we actually live on DH's salary and paid for our own house.

We did not know how much family money there was (low 8 figures) until recently which is a good thing since it would have made us lazy. DH will retire at 56 since we don't have to worry about retirement or paying for private schools/college.

[Anonymous]

Not really. Our neighbors are teachers. The guy across the street a lawyer, and his wife a gov. My wife and I both work. Most of our friends do as well.

Maybe it's sampling bias where you keep finding SAHM?

[Anonymous]

I know at least two families -- a young couple with a starter home of $450K just traded up to $1M in Friendship Heights. Two gov't lawyers in their late 20s.

Also a family at my child's school-- the grandparents are definitely footing the bill for everything.

[Anonymous]

Anonymous wrote:It's not just dc nw. McLean is full of them. I know one family on a government mid level salary of probably 65k a year who live in a 2 million dollar house daddy bought them.

Yep, our N. Arlington neighborhood too.

[Anonymous]

Anonymous wrote:It's not just dc nw. McLean is full of them. I know one family on a government mid level salary of probably 65k a year who live in a 2 million dollar house daddy bought them.

Interesting. I live in McLean and my neighborhood is full of people who have high paying jobs. Maybe they do have family money, too, but it seems as though almost everyone can buy their own houses and afford their lifestyles.

[Anonymous]

Yes. A lot. And many of these people have also been successful themselves too.

[Anonymous]

Check out the 100 richest zip codes in the US.

[Anonymous]

... or real estate search McLean $2-5M. 43 homes for sale?

[Anonymous]

Sick

[Anonymous]

There should be a website to publicly shame these people.

[Anonymous]

Anonymous wrote:There should be a website to publicly shame these people.

Oh wait that would be all old money