Reply to Since the Lafayette Thread was Removed

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm the PP with the 350k home. I appreciate the clarification from the other posters. I was merely trying to point out that for those of us who can't afford the 700-800--and there are many in my hood--there is no "choice." This thread makes it sound like its a lifestyle choice to live one place or another when in fact it often is an economic decision to live in the home that is affordable to you. This feud makes it sound like everyone is choosing between a detached home in Tenleytown and a 4-story Victorian in Mt Pleasant.[/quote]

I bought my house in north Petworth (nearly Brightwood) in 2010 for $390k.  True, houses around me are now going for mid-$500's-low $600's (renovated, which ours is as well), but we bought at the top of our budget.  There are a lot of neighborhoods east of the park that are still relatively affordable, but no way could we have purchased west of the park or even further south EOTP.  If you think house prices are truly comparable, you're fooling yourself- what you're doing is comparing the most desirable neighborhoods EOTP with the less desirable neighborhoods WOTP, which is totally unfair.[/quote]

On average houses WOTP are definitely more expensive, no doubt. And on average income levels WOTP are also higher. But once you start drilling down from there, you will find that many families on both sides of the park have had to make the same choices based on their income, the ages and numbers of their kids and their commutes -- and made different choices. There are lots of families who own or rent apartments WOTP because of the schools whose incomes are not super high. There are also a lot of families who simply bought before the prices skyrocketed. And there are plenty of families who wanted a single family house and a yard for their kids so they chose EOTP. The point is that the stereotypes which seem simple from far away just don't hold up when you start to break the populations down. [/quote]

I'm the pp that you quoted and I totally agree.  I just wanted to point out that the stereotypes are really flying both ways and that the basic premise- that real estate and incomes are higher WOTP [i]on average[/i] is completely accurate (but seems to be disputed above).[/quote]

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