Reply to How much higher do you think DC area prices can go long-term?

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[quote=Anonymous][quote=Anonymous]No we are still undervalued in relation to income[/quote]

I tend to agree.  When I see brand new townhomes in the Mosaic district and Potomac Yards sell as soon as they can make them starting at almost a million dollars, this tells me that we have an enormous group of people making crazy money.  Which makes sense.  Fairly easy to have a couple making a combined income of 250K here.  And much higher than that for many.

I also question whether the defense cuts will have any effect.  They don't seem to have had much thus far.  I think a lot of the defense workers are just moving right over to the intelligence and cybersecurity programs.

There is the looming baby boomer retirement on the horizon, but who knows yet what that will mean.  I don't think everyone is going to just pack up and leave.  It's not like older generations where everyone packed up and moved to Florida the next day after retiring.

When you see big changes coming to the area such as the Southwest Waterfront and Old Town Alexandria revitalization, I think you see even more reasons that DC will continue to become attractive places to live and work and increasingly less dependent on federal government spending.  So it's not going to be a repeat of the 90s cutbacks.[/quote]

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