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Reply to "What do people mean when they say that DC is a “high cost of living“ area?"
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[quote=Anonymous][quote=Anonymous]That would be fine if you could get a decent house for $800k here, but it’s even tough to get one in a good suburb for double that. [/quote] +1, our friends just spent 850k on a 1400 sq ft row house in DC on a major thoroughfare (constant traffic) with poor IB schools. The house is at least cute and updated, but it's small. Neighborhood is very desirable and their commutes are very short and on foot. A house with similar updates, but with a yard, better schools, on a better street, and 600-800 extra square footage, would cost around 600k in a close in suburbs, under 500k further out. And that is what people mean when they say DC is a "high cost of living area". It costs more to live here than it does as you move further away from here. It's very straightforward.[/quote]
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