Reply to Millennials: the house you grew up in vs. your house now

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[quote=Anonymous][quote=Anonymous]I think some of the Millennial posters here are confused.  Especially since so many of you didn't grow up in the DMV.  It makes a lot of sense that the homes you lived in from other locales would be more spacious than the homes you're living in here in the DMV.

The close-in housing in Arlington, Alexandria, Bethesda and Chevy Chase that is so highly valued now was actually looked down on in the 70s and 80s.  If you want to know why, look at it.  The homes that are left from that time period were clearly very small tract houses built in the 20s, 30s and 40s to house war time workers.  The rich people lived further out, in much nicer houses and they certainly didn't muck about in yucky Lyons Village or Old Town or places like that.  People who lived there were the worker bees, the poor people, not anyone who had any money.

The close-in homes only began to appreciate as a result of the gas and energy crisis.  People working in government jobs began to want to live closer to the city to cut their costs.  And as women began to enter the workplace as part of dual-income families, it made sense to live closer to their jobs so that their latch-key children weren't alone so long after school.

Which leads us to what we have now.  A bunch of Millennials living in the small houses, or buying new properties built in the stead of teardowns.  And you're all surprised that the little house isn't as spacious as the home you grew up in at some other city with a completely different real estate market.

Anyway, if you're going to make compare, then at least ensure that you're comparing apples to apples, and not apples to Zebras.[/quote]

What on EARTH are you talking about. I’m an older millennial and I was born many years after the gas and energy crisis. My DH grew up in McLean. One of our biglaw partner friends just bought two doors down from his childhood home. A crappy house built in the late 70s that cost over $1mm. [/quote]

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