Yeah, I'm not sure about the condo market but in terms of investment in a house I would definitely go with Shaw!Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Where is this neighborhood where it's apparently 1968? Jesus.
Eh, immigrant Asians are pretty racist about this stuff. I had a friend who wanted to buy a condo in Shaw, his older Chinese immigrant parents were gifting him the $100K downpayment (he's an only child, a total Chinese "princeling"). Parents refused to give him the money unless he bought in Dupont or Georgetown, citing that they thought "those people" in Shaw would bring down property values.
His parents are stupid rich, live in a gorgeous part of Southern California.
Well they aren't stupid. good advice.
X2 there is a reason shaw cost less and isn't as stable as the other two. There are still huge pockets of poverty there and that holds down values
Property values are skyrocketing in Shaw and there are bidding wars for any and everything. Meanwhile condos in Georgetown are lingering on the market. But you know, whatever, black people = bad.
Anonymous wrote:How do you even find out the racial makeup? When I view houses I see 2 Neighbors. I do check the racial makeup of the elementary school. I've avoided a school area where my minority kid would be only one of two in her class. The area was 90% white.
Anonymous wrote:Anonymous wrote:Our neighborhood has almost no diversity- ethnic or economic. It would probably be a good thing if more non-whites moved in; as it is now, minorities don't want to consider our neighborhood out of fear their kid would be the only non-white kid in his class.
That said, I admit that when my daughter and I checked out a park in the next neighborhood over last week, we were literally the only white people there and it made me a little nervous. Nothing happened, of course, and I'm not sure my daughter even noticed, but I did think, "wow, so this is what it's like. This must suck on a daily basis!"
This is why I persuaded my husband *not* to buy in an all-white neighborhood in MoCo. We are a well-educated black family (two doctoral degrees) that wants the same things for our children that everyone else does--good schools, green space, welcoming neighbors. We wouldn't want to be scorned or viewed suspiciously in our own neighborhood.
Anonymous wrote:Not at all. It truly doesn't factor into our evaluation of a neighborhood or property.
Anonymous wrote:Our neighborhood has almost no diversity- ethnic or economic. It would probably be a good thing if more non-whites moved in; as it is now, minorities don't want to consider our neighborhood out of fear their kid would be the only non-white kid in his class.
That said, I admit that when my daughter and I checked out a park in the next neighborhood over last week, we were literally the only white people there and it made me a little nervous. Nothing happened, of course, and I'm not sure my daughter even noticed, but I did think, "wow, so this is what it's like. This must suck on a daily basis!"
Anonymous wrote:Most people look at school ratings which in most cases corelate to racial makeup of the neighborhood. If your school gets worse your property value will follow.
Anonymous wrote:As a white person, I didn't want to live in an overwhelmingly middle and upper income white neighborhood so race and class were an issue. Any time I live in a neighborhood like that, I find myself slowly becoming more fearful of poor and working class people and of African-Americans. When I live in a more mixed neighborhood, it's easier to see people for who they are, not their demographic category. I wanted my kid to grow up in a neighborhood like that, not in a small wealthy white town like I did.
However, the dynamic you describe is pretty typical and it's one reason that African American families have not been able to build up the same amount of wealth as white families. People don't realize that US government policies which rewarded white suburban flight and penalized inner city black neighborhoods have done a lot to shape residential segregation today. That is enhanced by white fears of living in a neighborhood with too many blacks. A good resource on this is American Apartheid by Massey and Denton -- although I'm sure you can find something more recent. It's a bit dated.
Anonymous wrote:I looked for an equally diverse community. I would not care that an affluent what ever race moved in. What a strange question.
Anonymous wrote:Anonymous wrote:It's called "white flight," https://en.wikipedia.org/wiki/White_flight
It's not a new thing.
OP here
I'm Canadian and am not familiar with this term. Thanks for the link. This does help partially explain why, for an area that is so diverse (DMV), it seems very segregated from a housing standpoint. The eastern and western parts of MoCo seem like two separate places. I also found this to be ture when we lived in NW DC. I have been told that this wasn't always the case.