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mgrat | 2 months ago

There's just no path to home ownership in the DC area for the fed career path after the ZIRP era. A capable person would have to be insane or desperate given the economics alone.

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mothballed|2 months ago

DC has the highest per capita income of anywhere in the US (vs other states/territories), so when you realize federal workers are producing the most value for America the economics are at least a little better. If you look at relative economic slackers like workers of NYC and the private industry where less value is per capita created, it's a bit rougher.

square_usual|2 months ago

> DC has the highest per capita income of anywhere in the US

This isn't from the Federal workers; it's from people working in contracting for the Feds or other similar roles.

ethbr1|2 months ago

What does this have to do with the price of DC housing and federal employee salaries' ability to purchase it?

Centigonal|2 months ago

This is a distorted comparison and you know it. DC in unique among US states and territories in that it encompasses a major metropolitan area with no rural regions. In this comparison, DC also leads the country in population density, average building height, public transit usage, latte consumption, and any other correlate of living in a city.

If you compare DC against other major metropolitan statistical areas, the leadership disappears -- see here: https://en.wikipedia.org/wiki/List_of_United_States_metropol...