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Reply to "The government has always been here. So why was the 50s, 60s, 70s, 80, 90s COL here so affordable?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Defense contracting exploded around here at the same time AOL was rising and drawing in more tech. As the govt outsourced a lot of its work, lots of contractors jumped into education, intl development and so on as well. The inflated rates govt then started paying for contractors brought the whole area up, then downtown developers jumped in and started that whole revitalization and the cycle continued.[/quote] Excellent summary. Federal salaries kept the COLA lower. At this point, the "no contractor left behind" policies combined with expansion of the tech sector hoping to get government contracts, high paying law firms and lobbyists, have all created more high paying positions. [/quote] Don't forget about traffic jams. Also my very modest childhood home is now worth over 800K.[/quote]
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