Old Money Neighborhoods

[Anonymous]

To a teenager, 35 is old.

[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.

If you're Ted Turner or that Trump kid, yes; bigger is better. If you are one of the wealthy people that are mature and self-aware, you are going to live in a more right-sized place that meets the needs and lifestyle goals of your family. Warren Buffet, Bill Gates, even Mark Zuckerberg - the thoughtful rich don't need to prove their superiority by wasting money on more house than they need.

Huh? Bill Gates has a 66,000 SF house. Mark Zuckerberg has a multi-million dollar five-bedroom house with a wife and no kids, and spent many more millions buying up surrounding properties for more privacy. Guess that leaves you with the example of Warren Buffet (sic) and his modest Omaha home, though I doubt you have any clue as to the full extent of his real estate holdings and other investments.

Many homes in real "old money" neighborhoods, as opposed to DC neighborhoods originally built for government workers, are quite spacious. Think Grosse Pointe, Shaker Heights, Larchmont, Bala Cynwyd, etc. Sounds like it bothers you that many purchasing expensive homes in this area have no desire to live where you do, and see people like you as pretentious and boring, not "mature and self-aware."

[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.

If you're Ted Turner or that Trump kid, yes; bigger is better. If you are one of the wealthy people that are mature and self-aware, you are going to live in a more right-sized place that meets the needs and lifestyle goals of your family. Warren Buffet, Bill Gates, even Mark Zuckerberg - the thoughtful rich don't need to prove their superiority by wasting money on more house than they need.

Does Old Money generally have a wikipedia page for their 66,000 SF house? http://en.wikipedia.org/wiki/Bill_Gates's_house


Note to self - check facts - THEN pontificate about things you know nothing about.

[Anonymous]

Anonymous wrote:Potomac, CCMD, Cleveland Park, parts of Bethesda are all old money magnets.

Potomac? Bethesda? Hahahahhaa....don't make me laugh

[Anonymous]

Anonymous wrote:

Anonymous wrote:Potomac, CCMD, Cleveland Park, parts of Bethesda are all old money magnets.

Potomac? Bethesda? Hahahahhaa....don't make me laugh

Potomac is as new money as it gets in the Washington area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Potomac, CCMD, Cleveland Park, parts of Bethesda are all old money magnets.

Potomac? Bethesda? Hahahahhaa....don't make me laugh

Potomac is as new money as it gets in the Washington area.

McLean is much more new money than Potomac. Most of Potomac other than right around the village is very new money though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Potomac, CCMD, Cleveland Park, parts of Bethesda are all old money magnets.

Potomac? Bethesda? Hahahahhaa....don't make me laugh

Potomac is as new money as it gets in the Washington area.

McLean is much more new money than Potomac. Most of Potomac other than right around the village is very new money though.

Potomac is as new money as it gets in the Washington area. PP had it right.

[Anonymous]

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

That's like 3 or 4 houses on one block behind the frat houses at AU. What are you talking about?

[Anonymous]

Anonymous wrote:Most of the "old" money that I can think of lives in Kalorama (19th cent.tobacco money, Ted Kennedy etc. ) or Georgetown (Madeleine Albright, who married old money, Ben Bradlee). However, a lot of the old families are selling, as the new generation wants to live elsewhere. Katherine Weymouth, of the Post, lives in CC, while her grandmother's mansion in Georgetown is rotting.

No, its being renovated by "new money", LOL.

[Anonymous]

Kalorama-Sheridan

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wesley Heights, Georgetown, Cleveland Park, Kent, Spring Valley, Chevy Chase. Yes, there's plenty of new money in these neighborhoods, but they're the closest you get to old money in the D.C. metro area.

Most of the young families in these Washington neighborhoods are from upper middle and upper class backgrounds. Their families may not have been in Fortune but, by most folks' definition, they grew up "with money." Most of them also went to privates schools and then top colleges, law schools, grads schools and have successful careers. They were raised to lead the life they are leading. They have used the advantages of birth to continue along their families' established paths. That is pretty much "old money" Washington style, with a few families sprinkled in who have actuall fortunes and hefty trust funds.

This is very different from the children of lower middle and working class kids who make it big on their own and, as adults, are able to afford a lifestyle much better than their parents. These folks weren't raised with the benefits of weatlh so the natural mannerisms and tastes of the upper class are not natural to them. They are usually incredibly accomplished, ambitious, and fun people but they are what people call new money - because it is to he first time in their lives that they have been able to afford the trappings of the rich:private schools, expensive homes, antiques, beautiful things, luxury cars and international vacations. Some of these people live in the Washington neighborhoods named above but more of whom choose to live in places like Potomac and McLean where large lots allow a more grandiose expression of their success.

Spot on! You put in words exactly what I was thinking. All of my friends who are professionals of working class background seem to boast about "getting out of the city where you can stretch." And over time it has become a chore to drive out from are far more modest (but twice as valuable) Wesley Heights home.

[Anonymous]

"Our" ^^

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Potomac, CCMD, Cleveland Park, parts of Bethesda are all old money magnets.

Potomac? Bethesda? Hahahahhaa....don't make me laugh

Potomac is as new money as it gets in the Washington area.

+1

I always think of Chevy Chase as "old money" and Potomac as "new money."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wesley Heights, Georgetown, Cleveland Park, Kent, Spring Valley, Chevy Chase. Yes, there's plenty of new money in these neighborhoods, but they're the closest you get to old money in the D.C. metro area.

Most of the young families in these Washington neighborhoods are from upper middle and upper class backgrounds. Their families may not have been in Fortune but, by most folks' definition, they grew up "with money." Most of them also went to privates schools and then top colleges, law schools, grads schools and have successful careers. They were raised to lead the life they are leading. They have used the advantages of birth to continue along their families' established paths. That is pretty much "old money" Washington style, with a few families sprinkled in who have actuall fortunes and hefty trust funds.

This is very different from the children of lower middle and working class kids who make it big on their own and, as adults, are able to afford a lifestyle much better than their parents. These folks weren't raised with the benefits of weatlh so the natural mannerisms and tastes of the upper class are not natural to them. They are usually incredibly accomplished, ambitious, and fun people but they are what people call new money - because it is to he first time in their lives that they have been able to afford the trappings of the rich:private schools, expensive homes, antiques, beautiful things, luxury cars and international vacations. Some of these people live in the Washington neighborhoods named above but more of whom choose to live in places like Potomac and McLean where large lots allow a more grandiose expression of their success.

Spot on! You put in words exactly what I was thinking. All of my friends who are professionals of working class background seem to boast about "getting out of the city where you can stretch." And over time it has become a chore to drive out from are far more modest (but twice as valuable) Wesley Heights home.

If your argument is that old money prefers living in the city exclusively, then that's BS, Virginia horse country is as old money as it gets.

You should also think about why your friends hesitate to visit you in your "more modest" house. Maybe seeing YOU is a chore, not driving. Seeing the way you describe them, I'm not surprised.

[Anonymous]

Why would old money need to be in a house near or in the city?