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While I don't disagree with your central point, had you used a house in North Woodside rather than Chevy Chase as your example, the cost of the home would be quite a lot lower, no? And still lower in my neighborhood, which is directly adjacent to North Woodside and so enjoys many of the same amenities and qualities, while also being part of the same school system (BCC Cluster) as the Chevy Chase home you identified. I walk to the (Silver Spring) metro every day, have lots of stores, restaurants, parks within walking distance (albeit not as close as that house is to downtown Bethesda), rock creek park and trail, CCT, etc., BCC school cluster, and our house was less than $500k. I'm not sure that's middle class, but it's a lot closer to it than $2 million. While I agree with your central point, when you buy a house in the Town of Chevy Chase, most of what you are paying for is having a house in Chevy Chase, moreso than walkability. Walkability definitely commands a premium, a premium based on the fact that people would like to have it but there simply isn't the supply, but it's not a $2 million premium.

by hugo on Dec 29, 2009 1:54 pm • link • report