Reply to What will these $2 million-plus new builds in Bethesda sell for?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There are so many highly paid people in this area who have been indoctrinated with the belief that they must live in the Whitman cluster, so I doubt you’ll see much of a discount on these houses. [/quote]

But why not buy a house in a more interesting neighborhood and send your kids to private school? I mean if the hypothesis is that well-paid people are going to buy in this kind of neighborhood, even if it means overpaying for an unexceptional house in an unexceptional neighborhood. Why do these families feel chained to the Whitman cluster when private school is an option (for those with excess income)? [/quote]

Fair point. But it begs the question of what an "interesting neighborhood" is. My guess is that these highly paid who live inbounds for Whitman do so because they find the neighborhood to be interesting in the ways that matter to them -- they are surrounded with people who are also rich, who have similar hobbies, who talk about similar things, whose kids have similar interests, and who generally have the same tastes in life. And they are far away from most crime, homeless people, and riff raff. [/quote]

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