Reply to Will Montgomery County ever recover?

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Reply to "Will Montgomery County ever recover?"

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[quote=Anonymous][quote=Anonymous]
OPs point is that people who bought in Alexandria or Arlington in the late 90's [u]were/are [/u]sitting on a gold mine.  I bought in Alexandria in 1999 and our house appreciated @ 90%  in 5 years, stayed level during the recession, and then we sold for 100% profit shortly after (and it wasn't a cheap house to begin with). All tax free.  I rented a house in Arlington that sold in the late 90's that has appreciated more than that. It was a lovely neighborhood that we enjoyed living in, but it was also a great investment. I see houses that I toured in 1990 in Potomac that are selling for about the same price now (adjusted for inflation). It's reasonable to be annoyed at not losing $$ when you see people around you doing very well on a similar investment. [/quote]

We bought in the late 90’s in Silver Spring and sold for more than 100% profit. Our house wasn’t even near Metro.
I don’t know anyone who bought in the 90’s in this region and would lose money today. Most would sell for more than 100% profit.
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