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Real Estate
Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous]DC area has some of the highest paid households and highest educated households in the country, per capita and in absolute numbers. Lawyers (ties Manhattan in sheer number of attys), financiers (IBs, PE, VC), entrepreneurs with tons of stock options (VC tech cooridor), World Bank/IMF/IFC, etc who often pay no income taxes, Embassy/consulate workers who have subsidized living, Fortune 500 C-level employees (tons of big cos in DC, MD and VA), Real Estate developers/asset managers (huge office, multifam, retail market), stipends), Sr Military (who also have living THink Tanks (high income if you publish), Gov't workers (clockwork pay increases based on tenure) and General Contractors (engineers, often US nationality only, pay up for talent and security clearances). Furthermore, DC has the above AND often as a 2-fer: husband and wife make bank.[/quote]
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