As Gomer Pyle would say, suh-prahze, suh-prahze, suh-prahze! Reuters is reporting that Washington, D.C., has become the favorite area for wealthy young adults, with the nation's highest percentage of 25-34-year-olds making more than $100,000 a year. Why would that be? Reuters offers this:
Mancini believes part of the appeal of the Washington area is jobs in both the private and public sector. It also has strong education and healthcare institutions, a moderate climate and easy access to recreational facilities.
"What often happens is that those factors attract the young and educated who then end up staying," he explained.
It can't possibly be, can it, that the explosive growth of the federal government is a factor, and that all those young people are gravitating to the place where there is the most loose money to pick up? Nah, what it the world's wrong with me?
Comments
Leo:
Oh, could I tell you stories about the ever-rising cost of REAL ESTATE there as well...
Wonderfully and artificially over-inflated, thanks to the always changing faces in and around D.C.
(who knew?)
;)