Data show people are fleeing MoCo for Frederick

[Anonymous]

Give it 10-15 years and people will start fleeing Frederick County as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Funny how facts get MoCoites in a tizzy.

The county is hemorrhaging those with means while those moving in are poorer and poorer. Simultaneously, the number of retirees is exploding while those in their prime earning years are decreasing. The tax base is crumbling. School quality keeps circling the drain while crime and taxes keep increasing. The writing is on the wall.

That’s funny - every home near me is still selling for way over ask in a day or two, our property values are higher than ever, downtown Bethesda is constantly growing and becoming a fantastic urban zone.

Where is this mass exodus of those with “means”?

Potomac, CC, Bethesda are all still booming.

No, they are not.

Yes they are.

Look at the recent sales/listings in 20816..most were sold within a few days and for historically high prices.

[Anonymous]

Anonymous wrote:Give it 10-15 years and people will start fleeing Frederick County as well.

Maybe, but 10-15 years is a pretty good run. That’s about how long I’ve been in MOCO, and when it comes time for my kids to transition to upper grade schools, that will probably be the end of my time here.

For anyone that doubts that people are leaving and will continue to leave, can you name a reason why they would not? For the taxpayers in the brackets that will allow them a lot of mobility, what do you think is getting better for them?

Schools? Crime? Thrive 2050? Housing goals that state that 75% of new housing should be lower to middle income?

All of the jobs coming to the area?

Of course some people will leave, other people will move in, and the average household income in the area will decline. If they can work out a way to fund the schools, I guess good for them and enjoy your bike lanes?

[Anonymous]

ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments?

I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.

[Anonymous]

Anonymous wrote:ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments?

I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.

MoCo is so crowded, everybody is leaving!

[Anonymous]

Anonymous wrote:ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments?

I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.

OP has it in their opening message. "People with means" are those that are leaving MoCo.

Lower income folks will be moving into those builds.

This isn’t inherently bad, as those communities can be some of the closest and warmest among the people trying to do good for each other and their families. But it does mean funding for schools will stretch, and MoCo will have to be even more vigilant with stopping crime from bad actors. Also, people like to live with other people of a similar income level, so more people with means will continue to leave.

Bethesda and Potomac are probably safe since they are already very expensive. Not much land to build on. Potomac will definitely be ok because it’s too out of the way for criminals to come sniffing around. Bethesda has already seen an uptick in crime.

[Anonymous]

Lol, and they are also moving back to DC

[Anonymous]

Anonymous wrote:

Anonymous wrote:ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments?

I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.

OP has it in their opening message. "People with means" are those that are leaving MoCo.

Lower income folks will be moving into those builds.

This isn’t inherently bad, as those communities can be some of the closest and warmest among the people trying to do good for each other and their families. But it does mean funding for schools will stretch, and MoCo will have to be even more vigilant with stopping crime from bad actors. Also, people like to live with other people of a similar income level, so more people with means will continue to leave.

Bethesda and Potomac are probably safe since they are already very expensive. Not much land to build on. Potomac will definitely be ok because it’s too out of the way for criminals to come sniffing around. Bethesda has already seen an uptick in crime.

? Those new builds are selling for $850K+ . No low income folks are moving in there. What are you smokin?

[Anonymous]

Anonymous wrote:

Anonymous wrote:ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments?

I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.

OP has it in their opening message. "People with means" are those that are leaving MoCo.

Lower income folks will be moving into those builds.

This isn’t inherently bad, as those communities can be some of the closest and warmest among the people trying to do good for each other and their families. But it does mean funding for schools will stretch, and MoCo will have to be even more vigilant with stopping crime from bad actors. Also, people like to live with other people of a similar income level, so more people with means will continue to leave.

Bethesda and Potomac are probably safe since they are already very expensive. Not much land to build on. Potomac will definitely be ok because it’s too out of the way for criminals to come sniffing around. Bethesda has already seen an uptick in crime.

This is too funny. I live in the "lower income" area of MoCo and sfhs around us are selling for 500k+ right now. No "lower income" people are buying these homes.

[Anonymous]

1st the fled Bethesda, then Rockville, then Gaithersburg, the … well they kinda skipped Clarksburg .

Yet oddly most people in Urbana are from fly over states working in bio tech.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think it's more about being priced out honestly. There are parts of MoCo that doesn't have much crime, but it's more expensive. And the better schools are also in the more expensive areas.

I also moved out of a hcol area out west because we got priced out. So, I moved to a "cheaper" area like MoCo for the more affordable home prices and schools.

As for taxes, Frederick county tax is very similar to MoCo tax.

I thought about moving to Frederick when I retire only because the housing is cheaper.

Us too, we ended up moving to eastern MoCo because it's cheaper!

This. Priced out doesn't mean priced out; to MC and UMC white people it often means that the house available to them comes with schools that have high FARMS. If a family is making enough to afford a home that costs $800K, likely they are educated professionals and, whether they will admit it or not, are not looking to have a school with 40% FARMS or higher come with their $800K house.

We too have moved northward as circumstances have changed--when we were just married we lived in Silver Spring, when kids were born and we needed more space we moved to Gaithersburg, and when the kids entered school and with telework we moved to Howard County.

[Anonymous]

Sure poor people are. People from Bethesda and Chevy chase aren’t.

[Anonymous]

I look around me and there is no one moving. Everyone has a great interest rate and don't want to let go of that. Besides, if we're going to make a move because we no longer like MoCo, it's not going to be to Frederick, rather it would be out of state. Frederick, especially Urbana, is basically MoCo light.

[Anonymous]

Anonymous wrote:I look around me and there is no one moving. Everyone has a great interest rate and don't want to let go of that. Besides, if we're going to make a move because we no longer like MoCo, it's not going to be to Frederick, rather it would be out of state. Frederick, especially Urbana, is basically MoCo light.

MONTGOMERY COUNTY NORTH

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments?

I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.

OP has it in their opening message. "People with means" are those that are leaving MoCo.

Lower income folks will be moving into those builds.

This isn’t inherently bad, as those communities can be some of the closest and warmest among the people trying to do good for each other and their families. But it does mean funding for schools will stretch, and MoCo will have to be even more vigilant with stopping crime from bad actors. Also, people like to live with other people of a similar income level, so more people with means will continue to leave.

Bethesda and Potomac are probably safe since they are already very expensive. Not much land to build on. Potomac will definitely be ok because it’s too out of the way for criminals to come sniffing around. Bethesda has already seen an uptick in crime.

I think you’re a little ignorant here. Those lower priced homes are relatively easy for lower income households to afford because they tend to pool income.

This is too funny. I live in the "lower income" area of MoCo and sfhs around us are selling for 500k+ right now. No "lower income" people are buying these homes.