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Reply to "WSJ: So New York is calling the DC real estate market boomtown - patronizing?"
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[quote=jindc]One thing DC has that SF and NYC don't is a largely young and transient population - people come for 2-4 years, and leave...so there is a large turn over yet our property values are rarely effected. Similarly, in the 'burbs with the political appointees and military populations coming and going. We are also a city with VERY educated young people who carry considerable amounts of student debt making it difficult for them to qualify for a mortgage, so rents stay ridiculously high. It's a market that's difficult to compare to SF and NYC in my opinion, which isn't worth much! [/quote]
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