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Reply to "Housing prices have gone insane"
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[quote=Anonymous][quote=Anonymous]To the PP so aghast at home prices going up in the close-in DC area, are you also similarly upset about home appreciation in other expensive areas of the country? Even places like Austin, Denver, and Seattle are getting pricey. I know families who can’t afford the neighborhoods they want in those areas. What is special about the DC area that “something is wrong” if people can’t afford Bethesda, Arlington, McLean, etc? People who are priced out will move to the next area and then that area will become expensive and so on. Washington, DC is a capital city and job center. Maybe telework will change things, time will tell. But there have been expensive cities since the beginning of time. Are you bitter about people making 300k+ a year living in small/old housing outside other large cities? Just because *you* don’t think it’s worth it doesn’t mean the market doesn’t think these homes are valued at this amount. I’m sorry you had to realize you’re a small fish in a big pond here and your dollar doesn’t go as far close-in, but if you’re so happy moving elsewhere why are you still lurking on a DC real estate board and gawking over the local school rankings/forums? Your postings don’t seem like the ramblings of someone who is all that happy.[/quote] It’s the assumptions about “outer” areas that are annoying. There’s something very ironic about the people who have never met anyone with a HHI lower than $400,000 their entire lives and think that they’re middle class even though they’re in the top 5-10% claiming that those of us in outer burbs are the “isolated” ones. They admit that they stay put in their inner suburbs and that they never need to go anywhere, that’s the epitome of being isolated, and that’s why they have stupid and ignorant ideas of what other areas are like. DC is a job center, but there’s plenty of other job centers and vibrant urban areas in the region. I am unhappy about prices increasing to crazy numbers everywhere, and it’s not because people with $300k incomes can’t afford huge mansions on large lots. It’s because people here are acting like a $300k income is the poorest that someone can get, and they are blissfully ignorant about the fact that most Americans, even in the DMV region, makes incomes that are significantly lower than that, and these prices do a disservice to them. People now have to be in the top 10% to afford borderline section 8 housing in an inner burb. Someone in the percentiles far below could never dream of living in these areas in a million years. The comments in this thread reveal how diversity is desperately needed in some of these inner burbs. The people here sound so isolated from reality and come off as being very dense because of it. [/quote]
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