Reply to Why home prices are lower in north VA than in MoCo, MD

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I was searching for house on sale using zillow, and noticed that north VA (fairfax, falls church) has more homes for sale and the home prices are more reasonable compare with what you can find in Montgomery county, MD. Both regions are close to DC. I guess the effect of DC on both regions are pretty much the same. I heard of many bad things about Moco, such as increasing property tax rate, sanctuary city controversy, weakening public education system, etc. I also hear good things about north Virginia, like good education qulity, etc. Then why are there more houses on market in north VA, and cheaper? Does this meaning that people are leaving VA. And more people are move in MoCo?[/quote]

Because more international Asian [u]investors[/u][b] buy in MoCo. They MoCo schools have better reputation
and that creates greater interest among the investors.[/quote]

[b]So why are SAT scores going up in NoVa and down in MoCo?[/b] I know a few schools like Wootton are largely Asian but it seems like there are more Asians in Fairfax (over 207,000 per 2015 Census estimates) than in Montgomery (about 148,000).  I hope those "international investors" in MoCo don't get burned.[/quote]

As in the word: "investor" does not mean they actually live in a house.  Homes are bought en mass
and rented out to anyone, not necessarily Asian ethnicity tenant. And yes, just as you are looking for good schools, they do to keep the value of the investment. Will they burn out? They follow the market, and if the market will move to different urban areas from DC area then so will they. For now MoCo it was.

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