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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The point is, the only people who pay $1M to live in a house like that in McLean/Potomac/Bethesda/Chevy Chase are only doing so for prestige. They’re more desperate to make sure people know they’re rich than they are about owning actual luxury homes. That’s why they’re paying exorbitant prices for middle-class homes constructed in the 1970s and trying to justify their lame decision to do so. [/quote]

It's actually the opposite. Some people need to feel like to show off a massive, "luxury" home, to show they're rich, so they keep driving until they find one they can afford. The folks in the 1970s "shitshack" value proximity to the city, culture, and amenities over a large, showy house.[/quote]

Oh yeah, I’m totally sure that people in the DMV are dying to live in McLean because it has “culture” over Annapolis, said nobody ever lmao. There is no culture that comes from sticking a bunch of transient transplants together in an area ONLY because they hate being in a car and value being super close to work. Many of the “outer” areas like Annapolis, Baltimore, and Ellicott City actually have well-established and diverse communities. DC has culture for sure, but DC culture is not McLean, Arlington, or some other gentrified suburb full of recent transplants, and anyone who thinks it is is probably very uncultured themselves.

You do have a point about how people should be willing to make compromises when it means that they’d live in an area with a lot of amenities and a higher quality of life, but not to the extent where they’re paying $1M for a house that would probably be priced under $500k in much else of the region. That means that the value of the home is determined mostly by something subjective (something that could change in a flash, and could in turn, drastically affect property values). WFH jobs are significantly increasing, and even when it comes to jobs in person, they’re meeting a lot less frequently. Commuting from “far out” places every weekday would be a pain for sure, but doing it once or twice a week (or possibly even less)? Absolutely doable and easy. Ellicott City has been named the happiest place in Maryland for multiple consecutive years. Columbia has been ranked as the number 1-8 place to live in the entire country by CNN money magazine several times. There’s a lot that people and families enjoy  living “far out” in places that DCUMers have never even been to and look their noses down upon. And honestly, they really shouldn’t be called “far out,” because they’re not at all. I hate to break it to you, but DC is only a small slice of the economy in the DMV. Baltimore is a huge white-collar job hub for academia, science, and technology. Johns Hopkins, University of Maryland, and several other hospitals and medical facilities are up that way. Fort Meade is also a huge hub with federal jobs and NSA jobs. And increasing amount of families moving here have one spouse that works in the DC metro area and another that works in the Baltimore metro area or Fort Meade. There is also train lines that go to both metro areas in many of these suburbs. They are not “further out,” McLean is the suburb that is “further out,” because it is only close to DC and further away from the rest of the economy in the DMV region. The others are centrally located.

Schools are good in McLean, but they’re not worth those price climbs when there’s also other very good schools in other areas. The ones in Arlington are far from being worthy of overpaying half a million for a house. [/quote]

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