Reply to DC Expensive Real Estate causing Millennials to leave for the suburbs

Forum Index » Real Estate

Reply to "DC Expensive Real Estate causing Millennials to leave for the suburbs"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote]Is that different than prior years?

Lots of people with families are getting priced out and/or not getting into the charters they want. What else is new?

Not sure what accounts for the under-25 set taking off, however.[/quote]

I do think there is a shift in DC.  Back when my parents were in their early '30s, the reason they lived right across the border from Maryland in CCDC was because that was what they could afford, rather than Chevy Chase or Bethesda.  The city of DC itself was for middle class people.  Lafayette was a great school, but Deal and Wilson had issues.  People on our block worked as federal lawyers, judges, journalists, at non-profits, etc.  These days all the nice upper middle class areas of NW DC have houses that are 1 million+.  When my parents sold their house in the late '90s, it sold for less than 400K--less than 600K in today's dollars.  Now it's valued over a million.  The phenomenon of the city being extremely desirable, I think has really happened in the last 20 years.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics