Brehs, the wealth in Washington

mastermind

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yeah, this has happened the last 10 years.

People in DC make a lot of money if you in a STEM or high ranking gov position.

Northern VA and a lot of MD are hella expensive.

Inside the beltway PG county is inexpensive, but outside the beltway is where the money is in that county.
 

unit321

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DC is really popping like that?
Everybody rich like that?
Not everyone is rich. But, there are a lot of upper, middle-class/lower upper-class all around in Maryland, DC and Virginia.
Young professionals might not buy a big home, but they'll have an apartment, condo or townhouse in a nice neighborhood.
 

the next guy

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The thing is, sequestration will cut into a lot of incomes especially in Northern Virginia. But yeah, this area was shielded by the recession and I remember scores of people from the Midwest, NYC, and the south coming up here to find work back in 2008-2009.

I work in a non profit and most of our money comes from a grant with DOS. I hear our President and CEO is making a quarter mil and the rest of senior management is in the six figures... supervisory folks are making well above average salaries too... but us young folk fresh out of school are making close to the median income nationally which is 40 something.

If you're in engineering, IT, and in the business consulting world... you will make bread here. If you're a govt bureaucrat, you'll be making good money and for a lot of people it's real comfy and they get cozy in it.

In terms of housing, it is expensive. Living in DC is crazy price wise. Southeast is still cheap due to past reputation as is parts of Northeast. But the gentrification is well underway there and the $3000-4000 apartments are popping up everywhere in the hood. In Northwest, all the young professionals are going into Columbia Heights area, DuPont Circle, or Stadium Armory in Southeast.

If you live in Maryland, Montgomery County is by far the most expensive place to live. PG County in general is cheaper unless you're in Bowie, Glenn Dale, that sort of area where the upper class blacks live in. Hyattsville, College Park, Greenbelt, Bladensburg all got older type housing which isn't as expensive. You go towards southern PG and that's where housing gets cheaper but like Southeast DC you got a rep of past years where the murder rates was high. I'm talking Capitol Heights, Temple Hills, Suitland, etc... I wouldn't live down there.

Howard County which the article highlighted also has a lot of land and is VERY quiet area. Cops don't got nothing to do out there. Housing up there is a bit of a hit or miss in terms of pricing. I've seen auctions in the northern part of that county where it was dirt cheap and other places close to Anne Arundel are higher.

My family lived in Northern PG County in Laurel for 10 years and my pops worked in financial consulting, then real estate, then was a consultant at 7-Eleven, I think our household income with him, my mom, and his side hustles was $110-120k a year. We moved to Glenn Dale this year and we're renting a place at the same cost of the mortgage of the old house but it's 3000 square feet bigger and it's just :wow:

The people in this neighborhood bought their houses before the housing bubble burst and that means they bought it for $800k and now these houses are worth $400k... they were built in 2006. So they either have paid a good chunk off or they are paying $6000 a month for their cribs :wow:

There is money to be made in D.C. Like @Marvel and @FAH1223 have stated its in government, tech, or consulting. Its hard to get in the government but once you're there, you're set and :eat:-ing extremely well. I just got into the Feds and finally make (what I believe to be) a decent livable wage. I've been born and raised here so I've watched how dark, grimey, and cutthroat it was in the 80's to how it began to clean up and become more professional through the 90's and early 2000's. Now we're witnessing a huge growth of young educated professionals running around town.

The whites are coming from the suburbs back into the city and pushing the Blacks out. You would only see whites in certain parts of town but now they're all over WITH NO FEAR! They're purchasing homes and moving into new apartment/condo developments which are bring them in droves. I guess buying houses was too slow of a process so they began to build apts/condos for them which is faster to sell and brings them en masse.

All you need is a good education and some highly desirable skills and you can live like a :boss: or a :queen:.

yeah, this has happened the last 10 years.

People in DC make a lot of money if you in a STEM or high ranking gov position.

Northern VA and a lot of MD are hella expensive.

Inside the beltway PG county is inexpensive, but outside the beltway is where the money is in that county.


So you need to get into consulting eh? What about k street? Lobbying, are we good there too?
 

unit321

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I was desparate to get a job before I moved to the DC area. I didn't know the cost of living there was high and I took a job offer. I thought I would be able to live near where I worked. I got a job in Bethesda. Trying to find an apartment that was in my price range was a rude awakening. :snoop:
I ended up getting an apartment in Silver Spring.
 

the next guy

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I was desparate to get a job before I moved to the DC area. I didn't know the cost of living there was high and I took a job offer. I thought I would be able to live near where I worked. I got a job in Bethesda. Trying to find an apartment that was in my price range was a rude awakening. :snoop:
I ended up getting an apartment in Silver Spring.
tough break man. Your story is a good lesson.
 

the next guy

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The thing is, sequestration will cut into a lot of incomes especially in Northern Virginia. But yeah, this area was shielded by the recession and I remember scores of people from the Midwest, NYC, and the south coming up here to find work back in 2008-2009.

I work in a non profit and most of our money comes from a grant with DOS. I hear our President and CEO is making a quarter mil and the rest of senior management is in the six figures... supervisory folks are making well above average salaries too... but us young folk fresh out of school are making close to the median income nationally which is 40 something.

If you're in engineering, IT, and in the business consulting world... you will make bread here. If you're a govt bureaucrat, you'll be making good money and for a lot of people it's real comfy and they get cozy in it.

In terms of housing, it is expensive. Living in DC is crazy price wise. Southeast is still cheap due to past reputation as is parts of Northeast. But the gentrification is well underway there and the $3000-4000 apartments are popping up everywhere in the hood. In Northwest, all the young professionals are going into Columbia Heights area, DuPont Circle, or Stadium Armory in Southeast.

If you live in Maryland, Montgomery County is by far the most expensive place to live. PG County in general is cheaper unless you're in Bowie, Glenn Dale, that sort of area where the upper class blacks live in. Hyattsville, College Park, Greenbelt, Bladensburg all got older type housing which isn't as expensive. You go towards southern PG and that's where housing gets cheaper but like Southeast DC you got a rep of past years where the murder rates was high. I'm talking Capitol Heights, Temple Hills, Suitland, etc... I wouldn't live down there.

Howard County which the article highlighted also has a lot of land and is VERY quiet area. Cops don't got nothing to do out there. Housing up there is a bit of a hit or miss in terms of pricing. I've seen auctions in the northern part of that county where it was dirt cheap and other places close to Anne Arundel are higher.

My family lived in Northern PG County in Laurel for 10 years and my pops worked in financial consulting, then real estate, then was a consultant at 7-Eleven, I think our household income with him, my mom, and his side hustles was $110-120k a year. We moved to Glenn Dale this year and we're renting a place at the same cost of the mortgage of the old house but it's 3000 square feet bigger and it's just :wow:

The people in this neighborhood bought their houses before the housing bubble burst and that means they bought it for $800k and now these houses are worth $400k... they were built in 2006. So they either have paid a good chunk off or they are paying $6000 a month for their cribs :wow:
People are just caking like that. Flyover country wishes they had money like that.
 

Uncle Kingpin

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I live in the DMV, and let me be the first to tell you DO NOT be fooled by the appearance of money. They all dress in expensive clothes, drive european cars, live in big houses, yet most have negative net worth. For all the talk of high-income blacks in the DMV, hardly any are building wealth or investing in businesses. Most live check to check, they just have a bigger check. I have met so many girls making 100k+ but never have more than a couple thousand in the bank, and thats only on payday.
 

Yakno1

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. Most live check to check, they just have a bigger check. I have met so many girls making 100k+ but never have more than a couple thousand in the bank, and thats only on payday.


cuople thousand in the bank in these times for young professionals >>>> little to no savings bruh

DMV is advancing for young professionals due to advanced degrees, specialized skill set/trades, SOME INHERITED wealth, ton of government and defense contracting jobs with high pay

Like the poster above said, you could really live like a king or queen there if your grind is right
 

Uncle Kingpin

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cuople thousand in the bank in these times for young professionals >>>> little to no savings bruh

DMV is advancing for young professionals due to advanced degrees, specialized skill set/trades, SOME INHERITED wealth, ton of government and defense contracting jobs with high pay

Like the poster above said, you could really live like a king or queen there if your grind is right
:snoop:The poor man with no savings will be better off than the young professional with 2k because he has nothing to lose and nowhere near the monthly bills. Check to check lifestyles are harder to sustain the bigger the check, and the bigger the check the more it affects if it stops coming in. Whats the point of making money if you give it all back to the white man?
 

Yakno1

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:snoop:The poor man with no savings will be better off than the young professional with 2k because he has nothing to lose and nowhere near the monthly bills. Check to check lifestyles are harder to sustain the bigger the check, and the bigger the check the more it affects if it stops coming in. Whats the point of making money if you give it all back to the white man?

change your thought pattern bruh; white man paying the saudi man in the oil business ; every body paying erry body at some point or at some stage of business

the poor man has no where near the bills you are correct, but who's quality of life is better? When you make money, bills happen to provide you with the quality of life you want. I do agree that if it all falls down, the poor man will be far better to adapt
 
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