What’s the plan in MD if the tax base decides to leave?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This happened while VA was under democratic leadership, not it's not. We will see what happens in the next four years.

Va's current Governor is not going to change too much. If you are a radical moderate, VA at the moment is considerably more attractive.

What is a radical moderate?

[Anonymous]

Anonymous wrote:The tax base is already leaving Montgomery County. Don't know about the state.

"For the five years from January 2016 through December 2020, the county actually lost 514 (or 0.5%) jobs in the Professional and Business Services industry (North American Industry Classification System Code 1024).

Across the river, Fairfax County gained 10,939 jobs (5.2%) in that same industry. That is a stunning difference for two counties so geographically proximate and similar in many key respects. "

https://bethesdamagazine.com/bethesda-beat/opinion/opinion-private-workforce-losses-show-montgomery-countys-economic-decline/

MC politicians should be held accountable for these facts. Absolutely embarrassing! The Amazon and Microsoft numbers should scary everybody, as they pay well and hire only the most talented.

[Anonymous]

Seeing that every house near me sells within days, if not hours, I’m not too concerned.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This happened while VA was under democratic leadership, not it's not. We will see what happens in the next four years.

Va's current Governor is not going to change too much. If you are a radical moderate, VA at the moment is considerably more attractive.

You must not be female. Or black.

[Anonymous]

Has John Galt left yet?

[Anonymous]

Anonymous wrote:Seeing that every house near me sells within days, if not hours, I’m not too concerned.

I'm not a fan of Moco or Elrich, but this is so true. New build townhomes going for $1million going up everywhere; sfh selling quickly... it's nuts. If everyone is moving to NoVa, then who's buying all these properties around me?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This happened while VA was under democratic leadership, not it's not. We will see what happens in the next four years.

Va's current Governor is not going to change too much. If you are a radical moderate, VA at the moment is considerably more attractive.

What is a radical moderate?

Heh. Today, being moderate is radical.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Seeing that every house near me sells within days, if not hours, I’m not too concerned.

I'm not a fan of Moco or Elrich, but this is so true. New build townhomes going for $1million going up everywhere; sfh selling quickly... it's nuts. If everyone is moving to NoVa, then who's buying all these properties around me?

Real estate investors. And then they rent out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seeing that every house near me sells within days, if not hours, I’m not too concerned.

I'm not a fan of Moco or Elrich, but this is so true. New build townhomes going for $1million going up everywhere; sfh selling quickly... it's nuts. If everyone is moving to NoVa, then who's buying all these properties around me?

Real estate investors. And then they rent out.

really? Are they renting them out to pretend people? I assume these are real people moving into MoCo? And if they are renting $1milion TH, I assume these people are also gainfully employed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seeing that every house near me sells within days, if not hours, I’m not too concerned.

I'm not a fan of Moco or Elrich, but this is so true. New build townhomes going for $1million going up everywhere; sfh selling quickly... it's nuts. If everyone is moving to NoVa, then who's buying all these properties around me?

Real estate investors. And then they rent out.

really? Are they renting them out to pretend people? I assume these are real people moving into MoCo? And if they are renting $1milion TH, I assume these people are also gainfully employed.

Yes. I'm one of them. HHI over $250,000. Not buying in this market.

[Anonymous]

It's not so much an MD-wide issue as a MoCo issue. MoCo has been a great place to live, but not to work, because they are so anti-business.

I think the winners will be MD counties near MoCo, like Frederick, Howard, Washington, Carroll, etc. If you live in Gaithersburg, it's not a stretch to move to Urbana or even Boonsboro and you can see a big improvement in quality of life. Those counties are more pro-business and harder on crime (judges tend not to release those arrested on own recognizance; the jails tend to honor immigration holds from INS).

There's a reason a lot of your Amazon, UPS, and FedEx packages pass through distribution centers in MD that are not in MoCo and there are no such centers in MoCo itself..

[Anonymous]

Anonymous wrote:It's not so much an MD-wide issue as a MoCo issue. MoCo has been a great place to live, but not to work, because they are so anti-business.

I think the winners will be MD counties near MoCo, like Frederick, Howard, Washington, Carroll, etc. If you live in Gaithersburg, it's not a stretch to move to Urbana or even Boonsboro and you can see a big improvement in quality of life. Those counties are more pro-business and harder on crime (judges tend not to release those arrested on own recognizance; the jails tend to honor immigration holds from INS).

There's a reason a lot of your Amazon, UPS, and FedEx packages pass through distribution centers in MD that are not in MoCo and there are no such centers in MoCo itself..

The reason is simple. Property values. It has nothing to do with anything else. Real estate is expensive in MoCo. Too expensive for a warehouse distribution center.

[Anonymous]

MoCo is increasingly a bedroom community with a nice but relatively small presence in life sciences. Hard to see a great long term future as higher taxes will be required to sustain the level of services and other areas with more nimble local governments (in the Boston, Austin, and NoVa areas) will eat MoCo’s small lunch when it comes to private business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seeing that every house near me sells within days, if not hours, I’m not too concerned.

I'm not a fan of Moco or Elrich, but this is so true. New build townhomes going for $1million going up everywhere; sfh selling quickly... it's nuts. If everyone is moving to NoVa, then who's buying all these properties around me?

Real estate investors. And then they rent out.

really? Are they renting them out to pretend people? I assume these are real people moving into MoCo? And if they are renting $1milion TH, I assume these people are also gainfully employed.

Yes. I'm one of them. HHI over $250,000. Not buying in this market.

right, so then people aren't moving out of MoCo in droves as people like OP keep saying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not so much an MD-wide issue as a MoCo issue. MoCo has been a great place to live, but not to work, because they are so anti-business.

I think the winners will be MD counties near MoCo, like Frederick, Howard, Washington, Carroll, etc. If you live in Gaithersburg, it's not a stretch to move to Urbana or even Boonsboro and you can see a big improvement in quality of life. Those counties are more pro-business and harder on crime (judges tend not to release those arrested on own recognizance; the jails tend to honor immigration holds from INS).

There's a reason a lot of your Amazon, UPS, and FedEx packages pass through distribution centers in MD that are not in MoCo and there are no such centers in MoCo itself..

The reason is simple. Property values. It has nothing to do with anything else. Real estate is expensive in MoCo. Too expensive for a warehouse distribution center.

+1 OMG.. the ^PP is an idiot. Don't ever go into business.

FYI big warehouses need space and are usually in LCOL areas. Same for data centers. They require a lot of land, but not a large educated populace.