List of the companies that have left or bypassed MoCo for NoVa

[Anonymous]

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Anonymous wrote:Why would anyone give an eff about “job growth” in a ubedroom community?

Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.

This has already happened in Moco. Agree with everything in your post except future tense.

Then why did home prices average near 1 mil just to live in Silver Spring?

Because the buyers couldn't afford to live in Arlington.

um.. ok, but $1mil sfh in a suburb is still darn expensive. So, if people are *fleeing* MoCo, why is the housing in MoCo still expensive?

The same argument plays out in CA. Yes, people are leaving CA.. because they are priced out. Home prices in CA are ridiculously expensive. I used to live there; my family still lives there. Their tiny, ugly, 2br/1ba condo in a no thing, sleepy suburb with tons of strip malls is going for $550K; SFH goes for $1.5mil+. Again, this is in a no-nothing, suburb in SoCal.

I don't think some people understand supply and demand; yet, I bet you think you are a smart R.

No, I am a very smart Democrat who actually understands supply and demand -- and I also understand the effect of Prop 13 and how schools are districted. Why don't you tell me how that affected the housing supply in California -- along with the fires, floods, mud slides, and other disasters that each year wipe out a part of California's housing stock.

DP. There is ample evidence from all over the country in a variety of places that housing can be still be expensive in places where schools suck. What the hell does any of this have to do with Montgomery County, MD and the companies located therein?

I was responding to a poster who was describing conditions in California. Perhaps you missed that.

[Anonymous]

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Anonymous wrote:Wasn't there some big thing two decades ago in MoCo about them becoming a hub for biotech? What happened to that? Seems like they're all in Frederick now.

Meh, all mediocre biotech. There's astrazeneca, which is really the only top pharma company, but most of the other biotechs are very early stage companies that make almost no significant revenue. The vast majority of those biotechs are going to fail. Biotech is also notoriously unstable, and biotech jobs are much lower paying than finance, consulting, tech, etc. So. Over. Rated.

I doubt you know much about biotech since you skipped right over Novavax.

Hahaha.

Why don't you look up Novavax's history of failure, reverse stock splits to save the stock from being delisted, and multiple dilutions in order to keep the company afloat. They barely make a y revenue on their COVID vax that was many months too late too the party. By the time they were able to launch anything, moderna and Pfizer already best them to the punch for the original strain of covid. They've launched almost no drugs in 30+ years of history. Believe me, I know much more about biotech than you do. Both from a science and business perspective.

MoCo's biotech sector is a big whatever. 95% prerevenue companies that are going to fail, barely make any revenue, and pay modest salaries compared to real tech that all of NoVa gets.

What great innovations have come out of all the tech/IT sweatshops of NoVa?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wasn't there some big thing two decades ago in MoCo about them becoming a hub for biotech? What happened to that? Seems like they're all in Frederick now.

Meh, all mediocre biotech. There's astrazeneca, which is really the only top pharma company, but most of the other biotechs are very early stage companies that make almost no significant revenue. The vast majority of those biotechs are going to fail. Biotech is also notoriously unstable, and biotech jobs are much lower paying than finance, consulting, tech, etc. So. Over. Rated.

I doubt you know much about biotech since you skipped right over Novavax.

Hahaha.

Why don't you look up Novavax's history of failure, reverse stock splits to save the stock from being delisted, and multiple dilutions in order to keep the company afloat. They barely make a y revenue on their COVID vax that was many months too late too the party. By the time they were able to launch anything, moderna and Pfizer already best them to the punch for the original strain of covid. They've launched almost no drugs in 30+ years of history. Believe me, I know much more about biotech than you do. Both from a science and business perspective.

MoCo's biotech sector is a big whatever. 95% prerevenue companies that are going to fail, barely make any revenue, and pay modest salaries compared to real tech that all of NoVa gets.

What great innovations have come out of all the tech/IT sweatshops of NoVa?

What’s important about how innovative the companies are? I would think the three criteria that matter most are: how many jobs, how durable and how much they pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why would anyone give an eff about “job growth” in a bedroom community?

Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.

This has already happened in Moco. Agree with everything in your post except future tense.

Then why did home prices average near 1 mil just to live in Silver Spring?

I would suspect the SES folks and dual income gov lawyers. But Moco can only suck in the tit of the feds for so long…you must attract some other businesses to get more tax receipts. But alas, you are likely f’ed as a property owner in SS with Erlich winning - he will reward Rennie’s crew with ‘inflation’ bonuses for delivering him the Union win.

[Anonymous]

Aaaannnnd here is your beloved Novavax Moco, lol:

https://www.marketwatch.com/story/novavax-slashes-sales-guidance-in-half-stock-plunges-30-11659992357?siteid=yhoof2&yptr=yahoo


Losing huge amounts of money. Too late to the ball game...

Biotech in Moco is such an overrated industry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why would anyone give an eff about “job growth” in a bedroom community?

Because once schools start going down the drain property will follow.. Then the tax base flees because they have zero ties to MoCo. If there's no jobs, schools go down the toilet, and property values follow suit, how does the big govt machine in MoCo support itself with a crumbling tax base.

This has already happened in Moco. Agree with everything in your post except future tense.

Then why did home prices average near 1 mil just to live in Silver Spring?

I would suspect the SES folks and dual income gov lawyers. But Moco can only suck in the tit of the feds for so long…you must attract some other businesses to get more tax receipts. But alas, you are likely f’ed as a property owner in SS with Erlich winning - he will reward Rennie’s crew with ‘inflation’ bonuses for delivering him the Union win.

Almost all of the SES I know live in NoVA or Bethesda. Silver Spring seems to be home to the academic/think tank types. Perhaps a 2 PhD household, one works in College Park and the other at a think tank, consulting firm or government.

[Anonymous]

Mayorga coffee is leaving. I suppose that isn't a huge company, but it's a local favorite. A perfect Montgomery County story -- hard working immigrant develops an organic, sustainable coffee and partners with the local coffee farmers to ensure ethical operations and treatment of employees. But the County priced them out -- they are moving to Baltimore City.

[Anonymous]

Anonymous wrote:Mayorga coffee is leaving. I suppose that isn't a huge company, but it's a local favorite. A perfect Montgomery County story -- hard working immigrant develops an organic, sustainable coffee and partners with the local coffee farmers to ensure ethical operations and treatment of employees. But the County priced them out -- they are moving to Baltimore City.

That has been happening a lot and that's not an Elrich problem, that's a Federal Realty problem.

[Anonymous]

Anonymous wrote:Mayorga coffee is leaving. I suppose that isn't a huge company, but it's a local favorite. A perfect Montgomery County story -- hard working immigrant develops an organic, sustainable coffee and partners with the local coffee farmers to ensure ethical operations and treatment of employees. But the County priced them out -- they are moving to Baltimore City.

The Planning Department is very clear that they do not want manufacturing or any light industrial activity in this county.