Word: loudoun
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Dates: during 2000-2009
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There's an odd phenomenon being reported in tony enclaves across the country: highly educated, highly compensated couples popping out four or more children--happily and by choice. In Loudoun County, a suburb of Washington, four-packs of siblings rule the playgrounds. In New York City, real estate agents tell of families buying two or three adjacent apartments to create giant spaces for their giant broods. Oradell, N.J., is home to so many sprawling clans that residents call it Fouradell. In a suburb of Chicago, the sibling boomlet is called the Wheaton Four...
When the Census Bureau announced last August that northern Virginia's Loudoun County had become the nation's most affluent, with a median household income of $98,483, it was something of a shock to locals. Loudoun is far from exclusive: a third of its 255,000 residents arrived in the past half-decade. The median house sells for $440,000. These Loudounites are not trust-fund babies or Wall Street zillionaires but youngish professionals with kids to raise and mortgages...
...those who fret that America has lost its way, that all the good jobs are being outsourced to China or India, that regular folks can't get ahead anymore, Loudoun and its neighboring counties seem to offer a resounding corrective. From 2000 to 2005, the Washington metropolitan area, of which Loudoun is part, added 359,000 jobs--much more than even such Sun Belt boomtowns as Phoenix, Ariz., and Dallas...
More than half of those jobs were on the Virginia side of the Potomac, the bulk of them white-collar stuff like management consulting, computer services and scientific research. The epicenter of the boom has been Fairfax County, just east of Loudoun and a notch below it on the income list. Fairfax is home to a million people and 600,000 jobs. It is ethnically and racially diverse. It has excellent public schools. Its unemployment rate is just...
...Loudoun County officials were pleased at the prospect of Xeroxville. About 40 acres of the property have already been used by the firm for its corporate training center, and local relations are scented with magnolias and peach blossoms. Says Frank Raflo, chairman of the county board of supervisors: "If things were any better, I couldn't stand it." STEEL The Biggest Bankruptcy...