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Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous][quote=Anonymous]This thread is interesting. I have a question, if you need to be in banking, law, and similar to afford these DC homes...then where do the middle class of DC live? Do they all commute from the outer suburbs? Where do the teachers, social workers, small business owners, accountants live?[/quote] we do smaller, older homes inside the beltway, or look at bigger, newer build and have a longer commute. we went with the former, and are happy. the concentration of highly paid people here is high, possibly higher than other, larger U.S. cities. while DC may not have the super outlier multi-millionaire hedge fund founders, it does have millionaires, as well as a large band of people paid $200,000 per year, including Club Feds. they can afford those $800,000+ homes. [/quote]
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