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Real Estate
Reply to "What are DC's equivalents to NYC suburbs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]McLean/CCMD= Greenwich[/quote] No, not nearly monied enough. Potomac, maybe.[/quote] The median HHI in McLean is higher than in Potomac, and the median HHI in each of McLean, Potomac and Chevy Chase is higher than in Greenwich. Of course, there are more hedge fund gazillionaires in Greenwich, but they are a small subset of the total population in Greenwich.[/quote] A lot of Greenwich is old money/passive wealth. You can't look at income alone as it hides true wealth. A guy who paid off the main house in Greenwich, inherited the Shelter Island summer home, and has trusts to pay for his grandkids' education ends up living on "only" the $120K of income his trust doles out to him each year. I'd say a lot more people are hustling and actually working in Potomac than in Greenwich, hence the higher HHI.[/quote]
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