How is a full ride even relevant to wealth/money/living in any area in MoCo? Are you just bragging? Congrats for your daughter, she’s gonna make a great consultant or lawyer for some company that defends DuPont or some shitty tech company like the rest of the professional managerial class. |
Again. To reiterate the point. A full ride is great. But at the end of the day it’s just ~$400k. You’re fighting over chump change |
The Maryland 529 only allows you to deduct $2500 per year from state tax. Thats nothing. The attractive part about 529s is tax free growth. You dump $50k when the child is born, set it to the equivalent SP500 fund, and don’t look at it for 18 years. Generally for upper class families, that’s a gift from the grandparents upon birth. God I have to explain everything to you people |
To bring things back on topic, Rockville is a much more “real” American city than Bethesda. People in Bethesda get satisfaction from telling others they live in Bethesda. It’s strivers all the way down. You can sense the anxiety of these people from a mile away |
As someone who has lived in both, for years, NoVa is generally better nicer than the MD side of the DC suburbs. Although Chevy Chase is very nice. People usually choose based on work location and other factors, not prestige. People on the MD side tend to be more concerned with relative status and prestige. |
Truly wealthy people are not mucking about in 529s. They either have the funds needed in trust or pay from current earnings. Why would you lock your money into a purpose-built and limited application fund if you don't need to? |
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My take is that for the absolute top tier neighborhoods $-wise, MD is slightly nicer. Places like Kenwood, historic parts of Chevy Chase, around Burning Tree, and a few others beat the best of what NoVa has to offer in terms of neighborhood beauty and feel, and there are slightly better options. NoVa does have gorgeous neighborhoods that compete, such as Langley Farms / Forest, Old Town, Belle Haven, Del Ray, Country Club Hills, and a few things that MD doesn’t have (like waterfront homes / neighborhoods), but I think overall MD edges out NoVa in terms of the top tier neighborhoods. That being said, overall from top to bottom NoVa easily wins. It has a more robust economy and more jobs and there is simply no debating this point. The cheapest possible parts of NoVa are far more expensive than the cheapest possible parts of MoCo, and NoVa only has a select few dumpy areas compared to many in MoCo, and then if you bring PG into the discussion the contrast is even more stark. It really feels as though MoCo, despite the top remaining steady, has declined overall over the past decade with a hallowing out of the middle class and it becoming more of a rich and poor sector place, while NoVa has seen growth and a robust middle class. |