Reply to s/o How far will prices drop in MoCO?

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[quote=Anonymous][quote=Anonymous][quote]Montgomery county population continues to increase. The number of jobs also increases. We have an population growing faster than the construction of housing at the moment. People complaining are focused on a generally older population in Potomac or Bethesda. The rest of the county is surging in population.[/quote]

There is a hefty sized retiree population throughout Rockville and Silver Spring. The concern about the retiree bubble in Potomac and Bethesda is that they take the tax revenue with them when they leave. The other retirees just flood the real estate market.

The population growth does not seem to match the type of housing being built. [b]The luxury condos in Bethesda are having a hard time selling.[/b] The high end townhouses up at Crown are not selling for anywhere near what the developers hoped he would make.

There is a demand for SFH below 700K in good school districts but that type of housing is not being built. [/quote]

Other than the Lauren, which was ridiculous, what isn't selling in Bethesda? And if it isn't selling, why do companies keep wanting to build more?[/quote]

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