Reply to What is stopping NoVA from reaching SV level prices?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NoVA isn’t even the most desirable spot locally, not sure [b]why they think they are relevant nationally. [/b] When [b]your claim to fame is being close to somewhere such as DC [/b]in this case, you should be a bit more humble about your alleged greatness. [/quote]

So, do you not think the fact that it’s the capital city is significant? Or, you think there shouldn’t be a capital city? Or, that it should be NYC or Palm Beach instead? I mean, DC is so inconvenient for Trump’s golf game. [/quote]

NoVa isn’t the captial city, DC is. NoVa isn’t even the capital of Virginia is is often pushed around by Richmond which is one of the things that will always hold it back.[/quote]

You implied that being close to the capital city is no big thing. It is. Short of being part of the city, Arlington is one of the closest. I’m not arguing that it should or will reach SV levels. I think PPs unthread make good points about factors (like Prop 13) that aren’t in play on a large scale here (Arlington County’s tax forgiveness is much more limited in scope, and hasn’t been enough of a factor, historically, to limit housing supply to the extent that prices are affected). But being so close to DC, and Tysons, and now National Landing, is a big draw for people who prioritize short commutes. Current prices reflect that reality. 
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