Bowie is fine with good shopping/dining close by and there are some good top ranked elementary and middle schools. There are some pretty ignorant folks in the DMV area that post on this forum. It seems the more wealthy folks are on here, the more stupid they are and out of touch with reality. Saying that every area in Prince Georges County is bad is about as ignorant as saying that every area in MoCo and VA is good.
Look people, there is crime everywhere. There are ignorant people everywhere. There are ghetto people everywhere. This encompasses ALL races. Spending 1M+ on a home with the expectation that you are moving to an area separating yourself from the outside world is a false reality. Your wealthy next door neighbor just might secretly be a dope fiend. Your child's teacher in one of the nations top schools still may be a pedophile. No matter WHERE you live, you would be foolish to let your young child out of your sight to disappear in your neighborhood as there's a good chance a sex offender lives nearby. No matter WHERE you live, you would be foolish as a single woman to go out jogging alone late at night or early in the morning. Heck, even your city mayor just might be a meth head searching for group sex with men on Craigslist! https://www.washingtonpost.com/local/public-safety/fairfax-city-mayor-arrested-and-charged-in-connection-with-meth-for-sex-scheme/2016/08/05/3f1c2012-5b07-11e6-9767-f6c947fd0cb8_story.html In regards to schools, unless a particular school has MAJOR issues, a child will do fine, grow up and contribute well to society but it starts at HOME. It doesn't matter how good a school is if the parents aren't teaching their children proper values at home. And if you think about it, in other parts of the world where kids are way more advanced academically, they would look down on even the top schools in this nation as inferior. So it is all relative. |
Annapolis is great, but the question was about Bowie. |
Annapolis is relevant to the Bowie question, though. When I lived in Bowie, we went to Annapolis very often, as it was only a 15 min drive, and it was a nice benefit of living in Bowie.
Also, the person talking about crime at the town center might be thinking of period about a decade ago, when there was a rash of crime at the parking lot at the town center (even then it was mostly robbing, not stabbing). Bowie residents voted to create a Bowie police force, which now heavily polices the town center. I agree with a PP that a lot of people knocking Bowie are just racist. |
Not liking Bowie = Racism? |
Pg - poor schools high taxes high crime se dc expanded |
You folks have got to stop with this false accusation. Bowie has lower crime rates that most of Montgomery County and most of NoVa. The parts of PG county that have high crime rates are about 10% of the county inside the beltway. The parts outside of the beltway have comparable crime rates to the other beltway counties. Bowie is one of the lower crime rate areas in the DC metro area. Also, while the county as a whole has a poor average school rating, there are individual schools in the county that are quite decent including some ES and MS in Bowie. As a PG county resident, I can't argue that we have high taxes. But compensating for that is the fact that we have a much lower COL than MoCo and NoVa. Gas, rents, housing prices, groceries are all cheaper in PG county, in some cases significantly cheaper. |
If you choose to buy a home in Bowie (or many other parts of PG County for that matter), I think you need to do it with your eyes open to the fact that it likely will not appreciate anywhere near as fast as homes in other parts of the DC area. This may not be a problem if you only pay $200K for a home there, but if you buy a new build luxury home, its unlikely to appreciate quickly, or it may lose value. The Washington Post ran a series of articles about this about a year ago http://www.washingtonpost.com/sf/investigative/2015/01/24/the-american-dream-shatters-in-prince-georges-county/.
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This has been true in the past but as racism dimishes some you never know! People might start paying more for PG. |
Yet people are doing it every school year, sending their kids to charters? |
Believe it or not, there are many people who buy homes and do not care about appreciation. I am not one of those people but I know people who are like this. They're not looking to make money off their home. Ppl on DCUM even say 'don't worry about appreciation buy a house you actually want to live in and raise your kids in.' |
So you are using 18 month old information about the housing market to advise people? January 2015? In real estate, that can be an eternity for trends. How about looking at some info, also from the Washington Post, from 2016? https://www.washingtonpost.com/news/where-we-live/wp/2016/04/11/where-home-prices-in-the-d-c-region-are-likely-headed-in-the-coming-months/
So, by your argument, you should buy in PG County because median home prices rose $10K or 0.4% over the 12 months from March 2015 to March 2016. And you should not buy in Montgomery County because home prices dropped $12K or 0.3% over that same 12 month period. Then in July of 2016 was this report: https://www.washingtonpost.com/news/where-we-live/wp/2016/07/13/median-price-of-a-home-in-d-c-region-soars-to-record-high/
Again, PG County home values increased more than Montgomery County home prices. If you extrapolate from March 2015-June 2015, PG County prices increased from $224,900 to $260,000; an increase of 15.6%. Over the same period, Montgomery County prices rose from $397,450 to $435, a 9.4% increase. PG County prices have been rising more than other areas of our region for a while now. Your claims of poor house value are really out-of-date. |
I think this is a big stretch. The article I quoted looked at historical appreciation over time. You are quoting figures that show appreciation over a 12 month period. A short period of appreciation is no guarantee of appreciation in long term. Anyone buying a house needs to be thinking about gains in the long term, not the short term. |
Okay, here's another. After the housing crash from 2007-2011, PG County has come back about 73% in value ($150K to $260K in median price). It still has some room to get back to peak value from 2006, but it has had a continuous and steady growth for 6 years. You can look at the graph that shows growth through May 2015 up to $243K. The WaPo article above says the median home value is $260K in June 2016. Is that a long enough term for you to accept? http://www.bizjournals.com/washington/news/2015/06/23/heres-how-housing-prices-are-rebounding-in-prince.html In 2011 (the same comparison period), median home values in Montgomery County were $376K. Currently at $435K for an increase of 15.7%. http://www.zillow.com/montgomery-county-md/home-values/ The argument that buyers in PG County will not see appreciation in their home values is out of date. If you read the article that was quoted to begin with, they are using a comparison from early 2000's to now. PG County was hit far worst by the recession and housing slump from 2007-2011 than any other jurisdiction in the DC area. Yes, people have still not recovered their pre-2007 housing prices, but both before and after the recession/housing slump, home prices have continued to rise pretty steadily and faster than other areas including Montgomery County. |
most people who knock bowie probably do so because of racist views. |
I have 2 colleagues, one lives in Lanham, one lives in N.Arlington both are minorities. The one in Lanham paid $260k for a SFH in Lanham in 1995, the house is worth 350k(as per him), the one in N.Arlington paid 295k for a SFH in 22207 in 1998, the house is worth 1.2million. Both are friends and the contrast in two situations is so stark to me.
I completely agree that your house should not be a part of your investment portfolio but the difference in wealth acquired will reverberate for generations. I know so many professionals who live in PG, they have gained little in real estate wealth. Things may change but these are the facts and realities of today. So, Bowie must be nice but things are good as long as you go there with realistic expectations and knowing that you may not amass much in real estate wealth. |