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All moot since were talking hundreds of miles from the city center - so not at all commutable (unless you’re wishing for severe hypertension by 35).
Fact still remains that you can’t get a brand new, 4500 sf new build 30 miles outside NYC for 700k in a desirable town with good schools.
This all seems rather arbitrary. How large is the market for 4500 square-foot new build homes with two hour rush-hour commutes? If were being honest most older and establish metros don’t have many 4500 square-foot new build homes within 30 miles of the city, at ANY price. Where are they building new subdivisions within 30 miles of New York, Boston, Philadelphia or San Francisco?
Price per square foot is a ridiculous metric unless you’re comparing entirely similar neighborhoods. Median home price is far more meaningful. You aren’t going to find 400,000 square-foot McMansions in an older, densely populated suburb. The point is that it’s missed leading to say that you can’t get a large house in a nice suburb of other major East Coast cities in the same price range.
This is closer to New York than Ashburn Virginia is to DC. Northern Virginia is not cheap compared to other metros.
I could compare by cost of living index, too, which still shows Jersey suburbs to be far more expensive than NoVa’s equivalent non-core suburbs.
I didn’t say DC is cheap compared to “other metros”. I said DC offers an affordable lifestyle when comparing against other world class metros, like NYC and SF, which is absolutely true.
Quote:
Originally Posted by gladhands
This all seems rather arbitrary. How large is the market for 4500 square-foot new build homes with two hour rush-hour commutes? If were being honest most older and establish metros don’t have many 4500 square-foot new build homes within 30 miles of the city, at ANY price. Where are they building new subdivisions within 30 miles of New York, Boston, Philadelphia or San Francisco?
Clearly, people are living that far out if traffic is as bad as people are saying, from Ashburn (and 2 hours is quite an exaggeration).
I could compare by cost of living index, too, which still shows Jersey suburbs to be far more expensive than NoVa’s equivalent non-core suburbs.
I didn’t say DC is cheap compared to “other metros”. I said DC offers an affordable lifestyle when comparing against other world class metros, like NYC and SF, which is absolutely true.
Clearly, people are living that far out if traffic is as bad as people are saying, from Ashburn (and 2 hours is quite an exaggeration).
So your argument is essentially: Northern Virginia is less expensive than the second most expensive metro in the country? That doesn’t contradict the central thesis of this thread; that the south is affordable outside of Virginia and Florida.
So your argument is essentially: Northern Virginia is less expensive than the second most expensive metro in the country? That doesn’t contradict the central thesis of this thread; that the south is affordable outside of Virginia and Florida.
It’s really not an argument - it’s a statement that for the world class amenities DC offers, you can get a lot more for your money than other world class cities. That’s all. To prove my point, I said you can get a 700k, 4500 square foot new construction home just 30 miles outside downtown DC, in a desirable town with good schools, and that you couldn’t do that in other world class metro areas.
It’s really not an argument - it’s a statement that for the world class amenities DC offers, you can get a lot more for your money than other world class cities. That’s all.
Except that isn’t true of any city except NY and SF. If you’re willing to move that far out, you can get just as much in any top-tier US metro.
Chicago and Philly are also cheaper metros. Insinuating that either metro offers less than DC would be disingenuous.
I’m not sure what point you’re trying to make, here, by bringing up metros that are hardly world class. Again, my original statement was the DC area is far more affordable than any other WORLD CLASS metro, and that’s true.
And yes, I’d argue that both Chicago and Philly offer less than any of the world class metros. But that’s another thread.
I never said DC was cheap - I said it was more affordable than NYC and west coast metros, and you can get a nicer home closer to the city center as opposed to NYC/SF etc. I’m not sure how many times I have to reiterate this.
The map you posted shows that to be true. DC’s dark red is about 2/3 to 1/2 that of the other metros.
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