Moco - no appreciation in the last 10 years

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Property taxes are likely to go up even more in MoCo....plus it's even possible that income taxes will as well. MoCo is facing a demographic time bomb. The number of retirees will skyrocket out to 2040 while the number of workers who are younger and in their prime earning years is actually going to decrease. The county is running up large budget deficits all during good economic times. What happens when the economy goes south? The county was warned about its credit rating, and the county will be on the hook for huge pension liabilities for all of the county workers who will be retiring. The county has rolled out the red carpet for illegal immigrants as well, who are now flooding schools with tons of more students who need a place to sit and massive amounts of money to hire.bilingual speakers. Gaithersburg has something like over $800 million in backlogged school projects that need funding. How exactly will the county maintain its insane budget, pay for pensions coming due, and keep its credit rating good? It means higher taxes are likely coming in the form of some combo of increased property and income.taxes plus other increases in fees. It's that or the county will have huge budget deficts in the future that will cause its credit rating to tank and austery measures will have to be put into place to plug budget deficit holes and maintain spending on schools to keep those ratings for MCPS high. If there are cuts because taxes won't be increased, I'd expect MCPS to start dropping in quality, home values will start to sink like a rock and people will start fleeing the county for greener pastures. The county can't grow its way out of the problem either. MoCo has created almost no jobs over the last several years because of hostile business policies and insane tax rates. NoVa continues to eat MoCo's lunch when it comes to economic growth.

We moved to NoVa recently to be nearer jobs in our fields - but the way you write this seems so dire and exaggerated. MoCo has plenty of jobs and young people. And schools are arguably better than NoVa

Bless your heart for your optimism, sweetie.

Lame snark. Try again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Property taxes are likely to go up even more in MoCo....plus it's even possible that income taxes will as well. MoCo is facing a demographic time bomb. The number of retirees will skyrocket out to 2040 while the number of workers who are younger and in their prime earning years is actually going to decrease. The county is running up large budget deficits all during good economic times. What happens when the economy goes south? The county was warned about its credit rating, and the county will be on the hook for huge pension liabilities for all of the county workers who will be retiring. The county has rolled out the red carpet for illegal immigrants as well, who are now flooding schools with tons of more students who need a place to sit and massive amounts of money to hire.bilingual speakers. Gaithersburg has something like over $800 million in backlogged school projects that need funding. How exactly will the county maintain its insane budget, pay for pensions coming due, and keep its credit rating good? It means higher taxes are likely coming in the form of some combo of increased property and income.taxes plus other increases in fees. It's that or the county will have huge budget deficts in the future that will cause its credit rating to tank and austery measures will have to be put into place to plug budget deficit holes and maintain spending on schools to keep those ratings for MCPS high. If there are cuts because taxes won't be increased, I'd expect MCPS to start dropping in quality, home values will start to sink like a rock and people will start fleeing the county for greener pastures. The county can't grow its way out of the problem either. MoCo has created almost no jobs over the last several years because of hostile business policies and insane tax rates. NoVa continues to eat MoCo's lunch when it comes to economic growth.

Honestly, what does jobs have to do with it. I pay real estate and income tax. If there were zero jobs in MoCo I would work in VA or DC or even work in another state during week and come back and forth. I still would pay tax. And retirees pay tax working or not. And MoCo has no senior citizen deduction on property taxes (other than 40 years or more in same house with fixed income), my senior neighbors pay full property tax.

Because businesses pay taxes as well. Retirees still pay property, but they don't make as much incomes like they used to during their prime earning years. That's what the issue is with so many retirees exploding in the county and a decrease in the number of people paying income taxes who will be in their prime earning years. It'll put the squeeze on MoCo's finances even more when tax receipts fall after all of those high earning baby boomers retire and start reporting much less income for the county to tax. No business growth, exploding reitree population, pension liabilities coming due, AND the fact that everyone demands never ending spending on MCPS means a high probability of tax increases coming in MoCo soon to try to plug the huge budget decifits the county already has been running up. My guess is that by 2025-2028 we will see some in taxes, possibly a significant amount. It'll suck one day if you buy a home, taxes increase overnight, and now you're in a world of hurtin' because your taxes went up a ton.

[Anonymous]

Because businesses pay taxes as well. Retirees still pay property, but they don't make as much incomes like they used to during their prime earning years. That's what the issue is with so many retirees exploding in the county and a decrease in the number of people paying income taxes who will be in their prime earning years. It'll put the squeeze on MoCo's finances even more when tax receipts fall after all of those high earning baby boomers retire and start reporting much less income for the county to tax. No business growth, exploding reitree population, pension liabilities coming due, AND the fact that everyone demands never ending spending on MCPS means a high probability of tax increases coming in MoCo soon to try to plug the huge budget decifits the county already has been running up. My guess is that by 2025-2028 we will see some in taxes, possibly a significant amount. It'll suck one day if you buy a home, taxes increase overnight, and now you're in a world of hurtin' because your taxes went up a ton.

+1 except taxes are going to have to go up much sooner. MOCO revenues have been declining for several years. They have only met their debt obligation by reducing the amount that they need to put toward the pension funds so now this is another financial liability. This is why Moody's threatened to lower the county's credit rating next year if they did it again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

What kind of pathetic shitty private school are these that everything after the top 7 schools have student SAT scores lower than the 1350 of McLean/Langley. Imagine paying 50k/year for this

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

What kind of pathetic shitty private school are these that everything after the top 7 schools have student SAT scores lower than the 1350 of McLean/Langley. Imagine paying 50k/year for this

This is the shittiest list I've ever seen. It's based on this:

FACTORS
3 factors were weighted equally:

Average SAT (math and critical reading)
Average number of Presidential Scholar candidates
Average number of National Merit Scholarship semi-finalists

Let's not even get into the fact that nothing else is considered. THESE THINGS ARE ALL WEIGHTED EQUALLY.

FCPS has great schools. The MoCo trolls who fish for it otherwise are really reaching here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

What kind of pathetic shitty private school are these that everything after the top 7 schools have student SAT scores lower than the 1350 of McLean/Langley. Imagine paying 50k/year for this

+1

[Anonymous]

Anonymous wrote:

Because businesses pay taxes as well. Retirees still pay property, but they don't make as much incomes like they used to during their prime earning years. That's what the issue is with so many retirees exploding in the county and a decrease in the number of people paying income taxes who will be in their prime earning years. It'll put the squeeze on MoCo's finances even more when tax receipts fall after all of those high earning baby boomers retire and start reporting much less income for the county to tax. No business growth, exploding reitree population, pension liabilities coming due, AND the fact that everyone demands never ending spending on MCPS means a high probability of tax increases coming in MoCo soon to try to plug the huge budget decifits the county already has been running up. My guess is that by 2025-2028 we will see some in taxes, possibly a significant amount. It'll suck one day if you buy a home, taxes increase overnight, and now you're in a world of hurtin' because your taxes went up a ton.

+1 except taxes are going to have to go up much sooner. MOCO revenues have been declining for several years. They have only met their debt obligation by reducing the amount that they need to put toward the pension funds so now this is another financial liability. This is why Moody's threatened to lower the county's credit rating next year if they did it again.

It's also why FFX has been exploding with retirement homes: to encourage the retirees to move out of their houses and have younger families move in.

I hate it personally, but... it's better than the other option.

[Anonymous]

It's also why MoCo is exploding with retirement homes as well.

[Anonymous]

Anonymous wrote:It's also why MoCo is exploding with retirement homes as well.

Retirement homes are cash cows.

[Anonymous]

Anonymous wrote:It's also why MoCo is exploding with retirement homes as well.

I thought retirees want to leave high tax areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

What kind of pathetic shitty private school are these that everything after the top 7 schools have student SAT scores lower than the 1350 of McLean/Langley. Imagine paying 50k/year for this

1350 McLean /Langley? Lol
Sorry, outside of TJ, no school in FFX measures up to the private schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

What kind of pathetic shitty private school are these that everything after the top 7 schools have student SAT scores lower than the 1350 of McLean/Langley. Imagine paying 50k/year for this

1350 McLean /Langley? Lol
Sorry, outside of TJ, no school in FFX measures up to the private schools.

Sure: but is it worth it to send your kid to a private school and also pay for Lotus Prep? I mean, isn't that the big question?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's also why MoCo is exploding with retirement homes as well.

I thought retirees want to leave high tax areas.

High tax areas have way better services. Hence the high taxes. Sure the top 5 percent escape to Florida.

In the suburbs of NY 55 and over communities sprout up as HOA, with requirement that no school age children live on premises and HOA take care own roads. The real estate taxes come in and very little services provided. No crime, less traffic.

It is a cash cow. Imagine a 1,000 unit complex paying $10,000 in property taxes popping up a old golf course paying almost no tax? Pure cash

MoCo needs more no kids housing to get money in with less kids

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

What kind of pathetic shitty private school are these that everything after the top 7 schools have student SAT scores lower than the 1350 of McLean/Langley. Imagine paying 50k/year for this

1350 McLean /Langley? Lol
Sorry, outside of TJ, no school in FFX measures up to the private schools.

Sure: but is it worth it to send your kid to a private school and also pay for Lotus Prep? I mean, isn't that the big question?

Who pays for lotus prep? We send kids to privates because they are better than FCPS.
Btw, no one prepped as much as Nova folks. It's the bastion of prepping in the DMV.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ranking is relative, but here is a list of 34 Best High Schools in DC, Maryland, and Virginia (2019):

https://www.lotusprep.com/best-high-schools-dc/

But.... according to DCUM all the public schools in NOVA trounce Moco public schools how are there no Virginia public schools? Where is McLean and Langley high school? This list must be completely wrong.

McLean and Langely aren't especially high-achieving, their test score averages are just bolstered by a deficit of low-income students.