Big Builds in Bethesda Not Selling

[Anonymous]

Why do builders create these monstrosities with no yards that dwarf all the neighbors? They then sit. Why not build something more in line with the neighborhood that would sell faster? If it takes a year to sell was that extra bedroom or two worth it??

https://www.zillow.com/homedetails/8916-Oneida-Ln-Bethesda-MD-20817/37174409_zpid/

https://www.zillow.com/homedetails/8908-Mohawk-Ln-Bethesda-MD-20817/37174313_zpid/

[Anonymous]

Research is being defunded and that area would have attracted people who were higher earners in the past. When job instability happens, people become more conservative.

[Anonymous]

I don’t know anyone working at NIH that could afford a $2+ million house. Even Facui topped out at $300-something thousand a year.

[Anonymous]

Back to these behemoth Bethesda homes - what is the deal?

[Anonymous]

Those are not in the most desirable parts of Bethesda, not even close. The new builds in 20814 and 20816 still seem to be all be pushing $3 or $4 million. I’m not even sure why we’re talking about NIH. Of course Bethesda is not affordable anymore for NIH workers but that’s been true for many years. The best properties in Bethesda are still selling to the law firm partners, doctors, and business execs, just as has always been the case. Who do you think is affording the exorbitant tuition at Landon, Holton, and the like?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t know anyone working at NIH that could afford a $2+ million house. Even Facui topped out at $300-something thousand a year.

I do! This is disingenuous. There are plenty NIH staff who can afford a 2 mil home! Don't be silly.

Moron

[Anonymous]

Anonymous wrote:Those are not in the most desirable parts of Bethesda, not even close. The new builds in 20814 and 20816 still seem to be all be pushing $3 or $4 million. I’m not even sure why we’re talking about NIH. Of course Bethesda is not affordable anymore for NIH workers but that’s been true for many years. The best properties in Bethesda are still selling to the law firm partners, doctors, and business execs, just as has always been the case. Who do you think is affording the exorbitant tuition at Landon, Holton, and the like?

And the county tax doesn’t help. We crossed the river to Arlington once we hit mid 6 figures - the county tax is no joke as your income rises. Our friends with trusts all stayed in Bethesda / CC but anyone who’s self made crossed the river.

[Anonymous]

Only the hugest earning private industry folks can afford those houses now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Those are not in the most desirable parts of Bethesda, not even close. The new builds in 20814 and 20816 still seem to be all be pushing $3 or $4 million. I’m not even sure why we’re talking about NIH. Of course Bethesda is not affordable anymore for NIH workers but that’s been true for many years. The best properties in Bethesda are still selling to the law firm partners, doctors, and business execs, just as has always been the case. Who do you think is affording the exorbitant tuition at Landon, Holton, and the like?

And the county tax doesn’t help. We crossed the river to Arlington once we hit mid 6 figures - the county tax is no joke as your income rises. Our friends with trusts all stayed in Bethesda / CC but anyone who’s self made crossed the river.

Some people are obsessed about taxes, and some aren't. I don't really think about MoCo taxes, and I'm not wealthy nor do I have a trust fund. I've lived in my neighborhood for 15 years, and I've never heard my neighbors mention it either. I'm not saying it's wrong to be concerned about taxes; I'm just saying that many people don't let it guide their lives or they view it as part of supporting the less fortunate. Plus, if you're self-made and care so deeply about taxes, it feels like Florida or Texas would be better choices than Virginia.

The difference is also less than some might think, about 1%: https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494. Virginia people forget about all the taxes they pay that Maryland doesn't have, like the car tax, grocery tax, and 10% restaurant tax.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Those are not in the most desirable parts of Bethesda, not even close. The new builds in 20814 and 20816 still seem to be all be pushing $3 or $4 million. I’m not even sure why we’re talking about NIH. Of course Bethesda is not affordable anymore for NIH workers but that’s been true for many years. The best properties in Bethesda are still selling to the law firm partners, doctors, and business execs, just as has always been the case. Who do you think is affording the exorbitant tuition at Landon, Holton, and the like?

And the county tax doesn’t help. We crossed the river to Arlington once we hit mid 6 figures - the county tax is no joke as your income rises. Our friends with trusts all stayed in Bethesda / CC but anyone who’s self made crossed the river.

It’s only an issue if you earn like 150k. Once you reach like 300k as a household, MoCo becomes fun again and you don’t care too much about the county or property tax. The increased SALT deduction should help too these next years

[Anonymous]

I’m begging suburbanites from Bethesda McLean Potomac and great falls to stop building houses with more than 4000 sq ft. 6000 sq ft is an abomination and you truly don’t need that much house. It screams “might as well build another entertainment room while we’re at it”. Build a garden! Use the outside! You’ve hit diminishing returns on sq ft development. Develop some taste.

[Anonymous]

Lol, taxes. Moco is cheap as hell. If you wanna see outrageous taxes, go lookup Baltimore property taxes. Or NJ. Or NY. Or PA. Or IL. I was shocked to learn how little people in Bethesda and CC pay in taxes on their homes. People jn $1.5m homes in Bethesda paying g as much property tax as people do in Baltimore for homes a fraction of that value.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Those are not in the most desirable parts of Bethesda, not even close. The new builds in 20814 and 20816 still seem to be all be pushing $3 or $4 million. I’m not even sure why we’re talking about NIH. Of course Bethesda is not affordable anymore for NIH workers but that’s been true for many years. The best properties in Bethesda are still selling to the law firm partners, doctors, and business execs, just as has always been the case. Who do you think is affording the exorbitant tuition at Landon, Holton, and the like?

And the county tax doesn’t help. We crossed the river to Arlington once we hit mid 6 figures - the county tax is no joke as your income rises. Our friends with trusts all stayed in Bethesda / CC but anyone who’s self made crossed the river.

It’s only an issue if you earn like 150k. Once you reach like 300k as a household, MoCo becomes fun again and you don’t care too much about the county or property tax. The increased SALT deduction should help too these next years

And increased SALT is good news McMansions with high property taxes.

[Anonymous]

Virginians seem to think about taxes nonstop because in every thread about moco, they feel the need to comment about how they have lower taxes. Truly one-track thinking.

[Anonymous]

Anonymous wrote:Why do builders create these monstrosities with no yards that dwarf all the neighbors? They then sit. Why not build something more in line with the neighborhood that would sell faster? If it takes a year to sell was that extra bedroom or two worth it??

https://www.zillow.com/homedetails/8916-Oneida-Ln-Bethesda-MD-20817/37174409_zpid/

https://www.zillow.com/homedetails/8908-Mohawk-Ln-Bethesda-MD-20817/37174313_zpid/

Hmm, this is pretty much the look for almost every new build in Bethesda for almost the past 5+ years. It works so why stop.