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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] Gotta admit that I had to look up what the Northern Triangle was, and you are correct about MoCo's demographics. It's not just Central Americans though. Tons of migrants from Brazil, Ethiopia, the Caribbean, China, Vietnam, and various parts of Africa. There's a lot of net positives with this shift (great food, for one), but there are some net negatives too that the bongwater left will never admit (low skill, low wage and exploitable workforce, gang violence and crime). You would think that D.C. home prices would steer more home buyers into MoCo, but that does not seem to be happening. I guess the school system is no longer an enticement to raise a family in Montgomery County, so young [b]couples opt for the charter rodeo in D.C. [[/b]/quote] Except when you go on the DC schools forum and all you see is talk about fleeing.[/quote]
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