Reply to maybe housing in dc isn't as expensive as everyone thinks

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]prices are high but so are incomes. practically everyone here makes a lot more money than they would doing the same job in most other places in this country. the only way to tell whether housing is expensive is to compare the cost of housing to how much people earn.

harvard has done that, and it suggests that while housing prices here are high, they're not as high as they are in denver or arizona or oregon (let alone places like new york city and san francisco and boston)

https://www.jchs.harvard.edu/home-price-income-ratios[/quote]

That study looks at the D.C. region, not just at the District -- where housing prices are often higher than they are even in close-in suburbs, and where incomes are, on average, lower. The median family income in D.C. is about $86,000. In Arlington, which is lumped into the Harvard study as part of the D.C. region, it's $117,000. In Alexandria, it's $93,000. In Montgomery County, it's $108,000.

So while you might be right that housing prices compared to income aren't as high in the area as they are in some other areas, the study you're pointing to still makes housing in D.C. proper seem pretty expensive.[/quote]

Makes more sense to consider the entire region since housing prices and incomes vary widely depending on where you look. Expensive in Arlington, cheap in Prince George's County. [/quote]

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