Uh, what? She might have been when she immigrated to the US, but she was the SAHM wife of a rich real estate developer. Not sure what point you are trying to make bringing her into the conversation. |
NP here. I will admit buyers are somewhat pickier, but that’s also because we are spending a proportionately larger percent of our salaries on housing, and we had to achieve many more years of higher education to compete in the workplace compared to earlier generations. Also, the HGTV generalizations are way overblown. In order to afford a SFH in Arlington we gave up having a garage, a bed room for each kid, an en-suite master bathroom, ten foot ceilings, wet bar, etc. DH and I both have six figure salaries, but with the cost of childcare, saving for college, etc. knew we’d have to sacrifice a lot to have a short commute. Even still we spent over 800k. Sorry, but today’s hotel cleaners are not even buying SFHs on that one salary. They are renting a small apartment on a bus line. The homes that hotel house keepers used to buy now go to dual fed households. It’s been a downhill slide for a lot of people. Sure there are people buying new construction HGTV homes, but they make a lot more than a house cleaner. I’m so over people summing up the problem of housing affordability by claiming it’s all because of people wanting granite countertops and a three car garage. ![]() |
And to add on — Google shows Arlington, VA as one of the top salary locations for a hotel housekeeper at just under 35k/year. Let’s say some higher end DC hotels are really and pay 50k. No one is buying a single family home in this area on that salary. I’m not saying it shouldn’t be that way, areas get more expensive. It is what it is. But I don’t know why people are so stuck in the mud about acknowledging you need a higher education and larger salary to achieve today what you used to be able to achieve on one salary with a college degree. It’s so much easier to blame HGTV though. |
My friend's grandparents immigrated to the U.S. during the depression and purchased a (then and now) valuable lot of land, in a desirable suburban community, walkable, all the bells and whistles - on a janitor's salary. No family money.
Another friend's grandparent's literally lost their Nebraska farm in foreclosure during that same era. Also no family money. I know nannies that have homes here, and homes in their home country, as well, OP. Nannies in McLean, Arlington, Chevy Chase, Bethesda, etc. do quite well. Anything is possible, OP. |
This is a GREAT point, especially in this area of Keeping up with the Joneses. Also, think of how much more CROWDED this and other areas are now, OP. |
Nannies in McLean and Arlington don’t live in those communities ![]() Sure anything is possible. But that possibility is basically about the same as winning the lotto. |
The point is that, yes, Arlington is closer to downtown, but in the 70’s, Arlington was effectively Woodbridge, except even more blue collar. For that matter, outside of a few large homes that were built as “country homes,” Cleveland Park was a blue-collar neighborhood. When I moved to Cleveland Park in the 80’s, my neighbors were retired taxi drivers and the like. Most people on the board have no idea what a small, sleepy town DC used to be. There were like 4-5 “fancy” restaurants. FWIW, there are quite a few neighborhoods in the Fairfax County part of Alexandria that are full of nannies and house cleaners, many of whom own their own homes. It might not be in neighborhoods that you would want to live in, but, then again, you probably wouldn’t have wanted to live in Arlington in the 70’s. |
Here are some of the NW DC and Montgomery County delinquents I grew up around and attended school with. |
Back then you could pay for in state college with a part time job, because tuition was so cheap. You can't do that today.
Wages have not kept pace with the increase in housing costs and tuition costs. |
In 1980 my state college tuition was $900 A year. But incomes were very low. But remember, no iPhones, WiFi, cable, Uber, streaming, Starbucks, fish taco places, nannies, maids, housekeepers, landscapers, nail salons etc unless rich. and interest rates sky high. There is a lot of wasteful spending today from folks who claim they can’t afford a house |
I had a few friends buy under similar circumstances back then. |
Give me a break. WiFi and smart phones are now essential for having a job. Many people Uber INSTEAD of buying a car. No one gets cable anymore and streaming instead is cheaper. The people who have nannies, maids, housekeepers, and landscapers are home owners. It is an undeniable macroeconomic fact that housing prices and college tuition have skyrocketed while salaries have stagnated. But keep blaming me for the iPhone I upgrade once every 4-5 years. |
^^ also, let’s do the math. $900 in 1980 would be $2,842 today.
In state college tuition at, say, UVA is $17,780. |
I love this thread. I grew up in the 70’s and love the reminiscing. The knowledge of real estate is sharp too. |
The mortgage for a median priced home in the DC area is basically the same percentage of income as it was in 1980. Look it up. Yes, education costs have gone up, but housing costs really haven't much. |