3 ms·
I suspect DC is an outlier because being the seat of the US Fed probably creates a dynamic like a college town with a lot of people moving in for a while to do
by api 3y ago
I suspect DC is an outlier because being the seat of the US Fed probably creates a dynamic like a college town with a lot of people moving in for a while to do something than leaving. There’s probably a lot of people coming with no intent to stay for the long haul.
I’m surprised home ownership is so high in California since it seems like you need an exit event to afford a down payment in many of its cities. Lots of those owners must be people who bought before the 2000s.
- dymk 3y agoDC is an outlier because it's a city, not a state
- trts 3y agoDC is always an outlier in state-level comparisons because it is essentially a large city. States are otherwise averages of metropolitan and non metropolitan areas.
- dougmwne 3y agoIt’s not even a city, more like 2/3 of the urban core of a large city. DC’c population is about 700k, but the metro population is over 5 million.
- PaulDavisThe1st 3y agoDC's population alone is larger than each of two entire states.
- shkkmo 3y agoNo, DC's population is a little larger than the smallest state and nowhere close to larger that the two smallest states combined.
- alexeldeib 3y agoThat’s not really the point though - it’s more like saying the NYC metro area isn’t only Manhattan. Brooklyn would be the 3rd largest city in America by population. I agree it’s kind of irrelevant and the original point was correct: DC is an urban core without the rural split most other states have.
- et-al 3y agoHousing in the Los Angeles sprawl is still (relatively) affordable. Same with the Sacramento/Vacaville area.
- CameronNemo 3y agoMedian household income is less than a tenth of median home listing price in Los Angeles.
- bugglebeetle 3y agoIn no world or relative to any historical period is this true. Just look at the historic ratio of income to house prices in Los Angeles.
- _8j50 3y agoWhat is affordable in your opinion? 300k won't get you a burnt down shack.