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Real Estate
Reply to "Nova vs MD real estate appreciation. Will MD ever catch up?"
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[quote=Anonymous][quote=Anonymous]It’s a feature of VA being slower than MD to develop. It’s like how some small town in North Carolina has a higher rate of growth compared to NYC but only because they were starting from 0 so of course there is room for massive growth. VA is soon going to come to a standstill when traffic and congestion becomes too much to bear.[/quote] +1 I'm originally from CA, lived in both SF area and LA. The SF area has no room for more development. LA sprawl allows for more growth, but even some of the areas that were being developed when I left in the 80s/90s is now considered fully developed, and they are now developing even further out. MD is a lot smaller than VA. There's very little room to spread out. Having stated that however, there has been a lot of development here where I live in MoCo even in the past 10 years that I've lived here. And some of those developments are not cheap. $850k+ for a townhouse or condo. That's insane.[/quote]
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