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Metropolitan DC Local Politics
Reply to "High-Earners Left DC During Pandemic, Headed to ‘Burbs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, when the high earners left DC, they sold their homes to....other high earners.[/quote] Hmmm, A lot of those properties are sitting vacant. DC took an L. "In total, the migration out of the nation’s capital resulted in a loss of $3 billion in taxable income." "The net loss to DC from them was $31 million." "Those households had an average income of $293,000 and an estimated loss for the city of $60 million to $62 million." "DC also still lost income to Arlington over the two years combined since households leaving DC for Arlington had higher incomes on average than those coming into DC from there,” the analysis said."[/quote] High income housing inventory in DC is low. Where are all these vacancies?[/quote] More like that family moved to the suburbs and kept the DC house to rent it out.[/quote]
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