Reply to What is truly going on with the DC area real estate market, please explain?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Demographics.  There are now the successful millennials who are jumping into the market - often with help from very successful parents.  So there are more buyers combined with fewer new builds due to the 2008 crash.  Also we are becoming like Paris - the city center is where the elite live and the banlieue or suburbs are where poorer residents live.  Just look at MoCo!  What a difference 20 years makes - boomers leaving, immigrants from Northern Triangle taking their place.[/quote]

What the hell are you talking about?  Have you been to the banlieue?  The DC suburbs have to increased in value since the pandemic, and they were never poverty-stricken to begin with, but rather a place where many affluent people went for bigger houses with big yards and good public schools.  You’re out of your mind.[/quote]

I think Mr. Paris has definitely not been to Paris. Those suburbs are built nothing like American "suburbs" and they're essentially urban environments in many cases.

Also, regarding the Paris suburbs, it's not like all the areas outside the city center are poor. Eastern and southeastern areas are quite well off in Paris.[/quote]

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