Why is there so much income inequality in moco

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

Lower taxes for people who pay them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

An even more out-of-balance housing market, apparently.

Fairfax has higher housing prices for comparable units even though it builds more units than Montgomery.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

Fairfax has jobs. It is a job provider.

MoCo takes jobs — it is a labor provider. And a larger percentage of that labor is low wage, immigrant labor. Sure Fairfax has its fair share of this in places like
Hybla Valley and Springfield and some others, but nothing like MoCo which now has vast areas of Latino laborers.

Look, I really don’t understand why any of this is conyroversial and brings out argumentative people on both sides. I’m a DC guy, and I’m an investor, so I could care less about reason for this and reason for that and politics — I just care about what is. The above is the “what is” and it is a reality. When I grew up MoCo was king from a wealth standpoint. Things change.

100 percent right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

An even more out-of-balance housing market, apparently.

Fairfax has higher housing prices for comparable units even though it builds more units than Montgomery.

In other words, Fairfax has an even more out-of-balance housing market.

[Anonymous]

That's why I live in Potomac, we are better than you all in Arlington or Fairfax

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

An even more out-of-balance housing market, apparently.

Fairfax has higher housing prices for comparable units even though it builds more units than Montgomery.

In other words, Fairfax has an even more out-of-balance housing market.

That’s ridiculous. If you build more housing, prices go down. Fairfax has built more housing than MoCo. Guess you’ve never heard of supply and demand or you’re just a NIMBY troll.

[Anonymous]

We need more income inequality.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Right wing trolls concern-trolling each other, yawn.

Montgomery County is an economic powerhouse where rich and poor both come to grow wealth.

Taxes pay for robust social services safety net.

This was somewhat true 30 years ago. Not today.

It's still the 20th-highest-income county in the nation, so I ... don't know that I would agree that it's not an economic powerhouse. There are a ton of people there making a lot of money, that seems sort of beyond dispute?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Right wing trolls concern-trolling each other, yawn.

Montgomery County is an economic powerhouse where rich and poor both come to grow wealth.

Taxes pay for robust social services safety net.

This was somewhat true 30 years ago. Not today.

It's still the 20th-highest-income county in the nation, so I ... don't know that I would agree that it's not an economic powerhouse. There are a ton of people there making a lot of money, that seems sort of beyond dispute?

It's median income is relatively high. As far as being an economic powerhouse, it's definitely up ther, but not very close to Fairfax. Montgomery is 43 in county GDP at $85B compared to Fairfax at 21 with $120B.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

An even more out-of-balance housing market, apparently.

Fairfax has higher housing prices for comparable units even though it builds more units than Montgomery.

In other words, Fairfax has an even more out-of-balance housing market.

That’s ridiculous. If you build more housing, prices go down[/b]. Fairfax has built more housing than MoCo. Guess you’ve never heard of supply and demand or you’re just a NIMBY troll.

If you build more housing, prices go down relative to if you don't build more housing. However, housing in Fairfax is apparently even more expensive than in Montgomery. Why? Because the housing market is even more out of balance with respect to supply and demand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Right wing trolls concern-trolling each other, yawn.

Montgomery County is an economic powerhouse where rich and poor both come to grow wealth.

Taxes pay for robust social services safety net.

This was somewhat true 30 years ago. Not today.

It's still the 20th-highest-income county in the nation, so I ... don't know that I would agree that it's not an economic powerhouse. There are a ton of people there making a lot of money, that seems sort of beyond dispute?

It's median income is relatively high. As far as being an economic powerhouse, it's definitely up ther, but not very close to Fairfax. Montgomery is 43 in county GDP at $85B compared to Fairfax at 21 with $120B.

Sure, not as high as Fairfax, but there are 3,400 counties in the U.S. — I’d say top 50 or top 100 are both doing fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

An even more out-of-balance housing market, apparently.

Fairfax has higher housing prices for comparable units even though it builds more units than Montgomery.

In other words, Fairfax has an even more out-of-balance housing market.

That’s ridiculous. If you build more housing, prices go down[/b]. Fairfax has built more housing than MoCo. Guess you’ve never heard of supply and demand or you’re just a NIMBY troll.

If you build more housing, prices go down relative to if you don't build more housing. However, housing in Fairfax is apparently even more expensive than in Montgomery. Why? Because the housing market is even more out of balance with respect to supply and demand.

That’s quite a word salad to say prices don’t actually go down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

An even more out-of-balance housing market, apparently.

Fairfax has higher housing prices for comparable units even though it builds more units than Montgomery.

In other words, Fairfax has an even more out-of-balance housing market.

That’s ridiculous. If you build more housing, prices go down[/b]. Fairfax has built more housing than MoCo. Guess you’ve never heard of supply and demand or you’re just a NIMBY troll.

If you build more housing, prices go down relative to if you don't build more housing. However, housing in Fairfax is apparently even more expensive than in Montgomery. Why? Because the housing market is even more out of balance with respect to supply and demand.

That’s quite a word salad to say prices don’t actually go down.

The equilibrium price is a function of both supply and demand. When supply goes up, but demand goes up more, the equilibrium price goes up. That's not word salad, it's Econ 101.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo is a second-tier county. Its new residents are mostly people who buy single family houses because they can’t afford to buy in Northwest or Fairfax and people who rent because they can’t afford a rental in Northwest or Fairfax. There are some small enclaves of wealth that offer what NW and Fairfax don’t but other than that MoCo is a cheaper choice, so you end up with extreme wealth on one end and lower incomes on the other.

The delusion runs deep. Sure, people are choosing the likes of Clifton, Centreville, Chantilly, Burke, and Lorton because they're cheaper than MoCo. Quite the sense of humor you have.

Median house prices:
MoCo: $645k
Fairfax: $725k
Clifton: $556k
Centerville: $545k
Chantilly: $745k
Burke: $850k
Lorton: $727k

Fairfax beats MoCo by $80k. Three of the five places you named beat MoCo. Even Lorton beats MoCo. There are cheaper places in Fairfax, but there are cheaper places in MoCo too (like Damascus, $552k).

I wonder what Fairfax has that MoCo doesn’t.

Lower taxes for people who pay them.

Not a major urban area like Bethesda with tons of condos..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The median household income in MOCO is now lower than Loudoun, Fairfax, Howard, Arlington, Calvert, and Stafford. It's not what it once was.

none of those places, other than Arlington, have urban centers. Of course the numbers will skew a bit higher.

Average incomes will change that data.

Been to Tysons lately?

I work in Tyson’s. It’s not an urban area lol. It’s offices with a few condos (mainly apartment rentals). No one lives there