Reply to Chevy Chase Retail is Subpar

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Perhaps because it hasn't been expensive for long enough? Here real estate is expensive because we're close to the nation's capital and workers pay a premium to lower their commute. But it doesn't mean they have the money to spend elsewhere, and perhaps not the temperament either. People working for governments/embassies/international institutions in DC tend not to be flashy types.
[/quote]

Bingo.

Up until the mid-2000s Chevy Chase was somewhere a couple of government workers could afford after trading up from a condo in DC. Back then it was down to earth people with a respectable but not extreme amount of disposable income whose idea of a nice shopping trip was the Gap or Talbot's.

It has only been in recent years that the status-obsessed conspicuous consumers moved in and while they're unfortunately multiplying a very decent portion of the homes are still occupied by normal people. [/quote]

I bet the Median age of CC (both MD and DC) is still quite high...probably 60+.  Exacerbated by the apartment / senior living buildings in FH on the MD side which are geared to the elderly.

They may be wealthy, but just have no interest in shopping at boutiques and what not.  I think it's the mistake many of the high-end shops made at the CC Collection.  They saw high median wealth figures, but didn't appreciate who has all that wealth.[/quote]

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