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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Where else but in DC can I get a SFH for $900K within 15 minutes on the bus to my office on K Street and within the nuclear fallout zone of the White House? For $900K, I'd be living in Long Island, Westchester County, or NJ with a 90 minute commute and paying $22K a year in taxes. In Seattle or SF I would be faaaaaaar my office at the price or cramming my future kids into a crappy 2BR apartment in Oakland. In London, I'd be living in Croydon and faced with a packed Tube ride into the city. Same goes for Paris. In Switzerland, I wouldn't even be able to get a decent apartment at that price due to the premium on ownership (thank god for their strict rent control).

For anyone who has never lived in a world class, international city DC probably seems expensive. But it's a god damn bargain compared to most major cities, taxes are relatively low, [b]and we get all the best services[/b] because it's the seat of the most powerful government on earth. [/quote]

This is where I think the posters here are wrong.

DC is fine and good but it is a podunk compared to those other cities you mention. I'm not saying that I don't love it, I live here! That said, people will never place a premium on Washington, DC the same way they place a premium on NYC or London. Incomparable in every way.[/quote]

DC is "Podunk" compared to Westchester? Tenafly? Long Island? Oakland or South SF? Braintree or Somerville? Because that's where you'd be living if you had $900K and wanted to get a SFH for your family. Let's compare like to like.

Undoubtedly it's better to be stupid wealthy in NYC or SF than DC. But most people in those cities don't get to enjoy a nice home or all the expensive amenities. In DC, your money goes further. The little guy in DC is not nearly on the rat race treadmill as my friends in NYC, SF, or Londoon. Most of them are still renting into their 30s and 40s. My life is so much more comfortable here: physically, financially, and culturally.[/quote]

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