21 sats \ 8 replies \ @dontforgetthekeys 8 Aug \ parent \ on: Bitcoin Facing Selling Pressure From New Whales as BTC Hovers at $57,000 bitcoin
it's a transitory city. people usually don't stay for more than 5 years. they come for work, a name on a resume, and then go up to new york or back to where ever they came from. so for them, they don't care what the prices are because it's not their long term home. this also ripples into the community and culture building aspect of the city. i would say it's people working on the hill more then fed employees but i could be wrong. that wasn't my industry and i did my best to stay far away from those people. no shade @Cje95, you know the dc handshake: what do you do, and who do you work for?
Understood
Wasn’t DC a cheaper place to live and work when Marion Barry was mayor?
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i see what you're doing. every person that pursues power is corrupt or will be with enough time. left unchecked they become grifters, extracting everything from the people they swore to protect.
don't turn it into something else.
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No
I mean DC was cheaper during the 1980s and 90s
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facts, but so was everywhere else in the whole world. i could have bought a whole building in manhattan in the 80s under koch. maybe i'm reading into it too much or missing something?
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I’m not discussing the entire world or Manhattan.
Plus cost of living doesn’t rise equally in every city or state or country
Your answer is very defensive and obnoxious.
If you don’t know the answer say nothing or declare ignorance
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fair enough.
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Let's brainstorm for one city at a time.
I'm legitimately curious what happened in DC and Manhattan during the 1990s.
I know Manhattan started recovering starting around 1994. I noticed that a lot of my friends and classmates were moving to Manhattan in 1994. My cousin moved to NY in 1994 and bought a place in 1997 which was prescient.
Crime also fell unexpectedly in 1993 (Steven Levitt, Freakonomics).
Manhattan became safer after 1993 and was very safe by 2003.
So low crime, higher population = higher rents, cost of living, etc.
Maybe DC experience something similar?
I think it did because the demographics of the city also changed.
More transplants, fewer Redskin fans living in DC?
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