Reply to At what point did you throw in the towel because DC is just too expensive?

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Reply to "At what point did you throw in the towel because DC is just too expensive?"

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[quote=Anonymous]All the people responding here seem to be incapable of empathy.

DC is expensive.  Rent alone is exorbitant.  I imagine they moved here with savings thinking they'd rent for a while and then buy.  If that was 8 years ago, that would put them at about 2005.  Housing jumped significantly (it was already on the rise) from 2005 until 2007.  Not to mention, that was on the cusp when some areas of DC were still on the verge of gentrification.  And of course, with the housing boom and then bust, rents have skyrocketed.

So add to that the overall economy crapping out their retirement funds, and it makes sense that they are living paycheck to paycheck.

The cost of living is high here, and it's hard for people to know that before moving here.  It's only been in the last few years that people have recognized DC nationally as an expensive place to live.  Whereas, people have always been aware of New York's high cost of living.

A decade ago, DC was still the murder capital of the world, and you could still rent in Silver Spring, et cetera, for a reasonable amount.  That has all shifted dramatically in the last 8 years.

And even though incomes in DC are higher than other places in the country, they still have risen (on average) as much as housing costs have in the region.[/quote]

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