I work in a law firm . One of the associates where I work grew up in JH, and her parents still live here. She is planning on buying a house in JH for herself and the extended family. She makes a good living but she is not a master of the universe. Another attorney who just left my firm to work at a NONPROFIT just bought an apartment here for himself and his wife (also an attorney who just started at a NONPROFIT), so they could start a family.
My husband and I are paralegals an make a good living, both have college degrees but enormous college loans. We just bought our second apartment here (sold the first). This is really more the type of buyer moving into JH, at least for now. These are not wealthy people but they make decent livings, perhaps more than working class but not Wall Street. Will the Masters of the Universe come here? Can't say, but I don't think it'll be for a few years. Yes, prices are skyrocketing but it's really more diminishing inventory and well, greed. Would I pay 1.45 million for a house when it appears my next door neighbor's attached house looks that way (like there might be squatters inside). That said, the rest of the block is very nice, the middle class owners proud and taking care of their properties.