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??? DC is extremely strong and has been for decades. It's also very stable in this regard.
by SeanLuke 5y ago
??? DC is extremely strong and has been for decades. It's also very stable in this regard.
- whimsicalism 5y agoThe median sale price for a detached single-family home in Sept 2011 was $390,000. The median sale price for a detached single-family home in June 2021 was $1,300,000.
- true_religion 5y agoIf I had predicted that, I would have bought ten houses. Why did the price spike so hard? DC traditionally has a stable work environment where many people work for the government, or via a contractor but it’s not like it became a tech capital. NYC has a hotter tech market.
- SeanLuke 5y ago> but it’s not like it became a tech capital What? Let's put aside the massive government contractor industry. Even without it, DC's internet history includes MAE-East, UUNet, AOL, Equinix, Network Solutions, and Microstrategy. The Dulles Technology corridor is one of the largest single tech regions in the country. Nearly all the significant genomics and bioinformatics companies are here, as well as all financial regulation groups. FINRA is in DC. So is Capital One. Amazon is opening in DC, and not in New York: and Amazon Web Services has long been in DC. And all this has fueled three highest income counties in the country, all here in DC.
- true_religion 5y agoHmm, that’s good to know. For some reason I always thought biotech was in the Carolinas and finance in NYC. As for Amazon, I mean they’ve been around… but until they decided to stick their HQ heard about was the warehouse and data centers which aren’t really prestige divisions to the outside world.
- SeanLuke 5y agoNearly all of biotech is snugged up right next to NIH. There's a reason Amazon picked DC for HQ2.