The Third Battle of Manassas

Paul Boudreaux

Chapter 1 in The Housing Bias, 2011, pp 11-59 from Palgrave Macmillan

Abstract: Abstract As I drove west on Interstate 66 out of Washington, D.C., it occurred to me that the suburbs of northern Virginia are a powerful testament to the American Dream. The counties south and west of the capital are home to nearly 2 million people—more than three persons for every one in the nation’s capital. At the center is Fairfax County, with a population of more than a million people, most of them living in pleasant single-family houses with trees and rich green lawns. Fairfax is the richest big county in the country, with a median annual household income of more than $100,000. The homeowners might work for the government, but they are more likely these days to be lobbyists, information consultants, or corporate executives of the many firms, such as General Dynamics and Hilton, that have moved their headquarters to be near their main source of both revenue and regulation. Closer to Washington are the smaller jurisdictions of Arlington, Alexandria, and Falls Church (the last two are independent cities under Virginia’s unique form of local government). The first was named after the estate of Robert E. Lee that was seized during the Civil War and was made (to the general’s great displeasure) the kernel of our most famous military cemetery.

Keywords: Affordable Housing; Illegal Immigrant; Mortgage Loan; Metro Area; Homeownership Rate (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11985-7_2

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DOI: 10.1057/9780230119857_2

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