Is Chevy Chase & Bethesda MD old money? When did the WASPs have a white flight of those areas?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seriously why so many class threads and WASP threads lately?

Yeah -- the obsession feels very 20th Century to me. And my WASP husband and his extended family would agree.

There are too many overpaid/overly wealthy yahoos about these days. That kind of overproduction produces a lot of nasty in-fighting, status obsessions, and in a place like DC, court games.

Not only is this very 20th century, it's like Jim Crow, statues of appalling slaveholders, and the SAR/DAR: all about the propaganda efforts of the 30 or so years on either side of 1900 when powerful scoundrels created our awful empire. Unfortunately, the only attempts to reassess this period so far are about the weakest parts of its legacy, the statues, but hopefully a truer picture will emerge and we can over this silliness.

Wilson, his racist “progressive” friends and all their doings should be scrapped from the world forthwith.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seriously why so many class threads and WASP threads lately?

Yeah -- the obsession feels very 20th Century to me. And my WASP husband and his extended family would agree.

There are too many overpaid/overly wealthy yahoos about these days. That kind of overproduction produces a lot of nasty in-fighting, status obsessions, and in a place like DC, court games.

Not only is this very 20th century, it's like Jim Crow, statues of appalling slaveholders, and the SAR/DAR: all about the propaganda efforts of the 30 or so years on either side of 1900 when powerful scoundrels created our awful empire. Unfortunately, the only attempts to reassess this period so far are about the weakest parts of its legacy, the statues, but hopefully a truer picture will emerge and we can over this silliness.

Wilson, his racist “progressive” friends and all their doings should be scrapped from the world forthwith.

If you’re serious about this, PP, it’s probably going to upend a lot more than most expect. Not saying it’s a bad thing, but it’s a bigger thing than almost all imagine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am a Catholic WASP. There are a few of us. My
Family actually was in the employ of the King of England. Henry to 8th. We are OG Wasps. I was born Catholic since my Dad married a Catholic. But I get street cred.

Cant fake it.

Sounds like you’re a poor.

1. Being a servant of Henry VIII does not make you old money. Almost everyone has ancestors who were servants of kings. Descending from nobility is more impressive.

2. By definition you cannot be a Catholic WASP.

There is some club where you have to be an original wasp to joint. My cousin who is a wasp said I can join. He traced our roots back to the day we were converted as folks in Kings employment got converted on day 1.

I am not rich. I did work on private banking and most folks here are not rich. I recall in 1997 pulling an account if a rich widow worth one billion. Today one Billion is not much but in 1997 was a lot. Her house was only worth at time around 400k. Rich is 1980s rich when the KKR guy became basically first person ever to make one billion in a single year. Can you imagine making 100 million a month in 1986!!!

Oh come on, that's a poor trolling attempt. There were 614 billionaires in the US in 2020. Yes, $1b is a lot today. According to Forbes there were 11 billionaires in 1997, although another source reports 60 in 1997. I'm guessing not many of them lived in the DMV. So your "rich widow" was certainly a rarity.

The Rich Widow lived in Manhasset NY, even better only two daughters and I recall TOD in stripes on account meaning it gets split 50/50 with two daughters. Some lucky men married those two.

[Anonymous]

Anonymous wrote:Maryland was founded by Catholics and, while there were WASPy parts of Chevy Chase, for the most part its heritage and location means that it's where monied Catholics and Jews buy so they can have something of an "old money" lifestyle with their new cash.

Fascinating.

[Anonymous]

Rich is back in mid 1980s a Wall Street Private Equity guy bought a three million dollar oceanfront mansion on Dune Road in the Hamptons. That part is a severe flood zone and homes don’t qualify, home insurance, flood insurance or mortgages and cash only.

The NY Post actually asked him is her nervous he bought a house that a single wave could wash it away since house is uninsured. His famous answer not really as house only cost him one day pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:ha, i deserve that. my point is i feel like the "generally wealthy" class of people has gotten much larger than some "his grandpa was an astor/vanderbilt/whatever" group of WASPs that it seems like "old money" isn't really a meaningful thing

but maybe I just don't traffic in the right circles

To the extent that those folks exist in DC, they do tend to live in CC or Bethesda. They do exist, typically working at nonprofit directors or political appointees for not a ton of money, but, hey, they don't need money. Exquisite educational pedigrees, lovely homes, friends in all the "right" circles, and in high prestige/low pay jobs.

Really? I think of old line Episcopalians in DC - Foxhall, Georgetown, Cathedral area.

[Anonymous]

Anonymous wrote:Old money is few and far between. Years ago I worked at Brown Brothers Harriman. That is old money. Back in 1996 we had a minimum of four million just to open a checking account.

We had several “third generation” accounts. Meaning the customers grandparents opened account with a private banker and today the grandchild of both the customer and probated banker had same account.

Literally our private banker would attend your baptism, marriage and funeral.

We had a doorman at our Wall Street location and our Boston and Newport NJ location was Waterfront. I recall the senior Partner in Boston would take his Yacht from the Boston office to our NJ location.

Does this still exist?

[Anonymous]

Anonymous wrote:It depends on the type of house. WASPs don’t live in Cape Cods unless they are new money.

You are funny.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ha, i deserve that. my point is i feel like the "generally wealthy" class of people has gotten much larger than some "his grandpa was an astor/vanderbilt/whatever" group of WASPs that it seems like "old money" isn't really a meaningful thing

but maybe I just don't traffic in the right circles

To the extent that those folks exist in DC, they do tend to live in CC or Bethesda. They do exist, typically working at nonprofit directors or political appointees for not a ton of money, but, hey, they don't need money. Exquisite educational pedigrees, lovely homes, friends in all the "right" circles, and in high prestige/low pay jobs.

The used to have estates on Foxhall road. Perhaps we hear great grandkids have moved out to the burbs.

Nope, grandkids just in other parts of DC.