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

[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

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

+1

The median home price in DC is something like $650k and that includes the areas of DC that middle class families don't want to live in. $100k to $200k won't cut it in the city for most hopeful homeowners.

[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?

because it's not 100-200k is just enough to buy a condo in a decent area of DC. 200k is quite modest in the grand scheme of things

high incomes would be 500k, 600k, 1M +; which there are tons in Ward 3

[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

Nailed it! PG County is the last place in the region where you can find 3-4br 3ba SFH with a decent plot of land under $600k.

[Anonymous]

Anonymous wrote:

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.

That must be it bc literally I make 7 figures and still feel like I can’t afford to upgrade in Ward 3. I am there now, but I can’t easily afford a new home unless I am willing to spend close to $3m.

Where are these property value drops you guys are talking abt? LIke…for real.

[Anonymous]

You couldn’t pay me enough to live in DC.

[Anonymous]

Anonymous wrote:"People earning six figures or more left DC during pandemic."

We're still here.

Also, I know many friends who moved to VA temporarily during the pandemic while they renovated their DC homes. They have moved back in now.

These are the people I also know. The crime in Maryland and Virginia isn’t that much better, so you might as well avoid the commute.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"People earning six figures or more left DC during pandemic."

We're still here.

Also, I know many friends who moved to VA temporarily during the pandemic while they renovated their DC homes. They have moved back in now.

These are the people I also know. The crime in Maryland and Virginia isn’t that much better, so you might as well avoid the commute.

Lol. No. The crime out here is nothing like DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

That must be it bc literally I make 7 figures and still feel like I can’t afford to upgrade in Ward 3. I am there now, but I can’t easily afford a new home unless I am willing to spend close to $3m.

Where are these property value drops you guys are talking abt? LIke…for real. [/quote

You can’t afford a $3M on over $1M of income even with the quality you have in your Ward 3 home?

Even if your net take home is 50k/mo, you can afford a $3M home very easily and still save 50% of your net pay

[Anonymous]

Anonymous wrote:You couldn’t pay me enough to live in DC.

said the person who also couldn't afford it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People are leaving because of soaring crime rates and they're not coming back.

Those same people are the one who voted for high crime rates in DC.

Im a Dem in DC and cant stand our useless Council and was strongly against long school closures. There are many of us who dont cross over into Trump lovers. We are just pragmatic centrist Dems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"People earning six figures or more left DC during pandemic."

We're still here.

Also, I know many friends who moved to VA temporarily during the pandemic while they renovated their DC homes. They have moved back in now.

These are the people I also know. The crime in Maryland and Virginia isn’t that much better, so you might as well avoid the commute.

Check the machete wielding man thread before moving to north bethesda/rockville.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You couldn’t pay me enough to live in DC.

said the person who also couldn't afford it.

I make well over the median dual HHI at just my one job and could absolutely afford it, many reasons why I wouldn’t want to live there.