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Reply to "Will Montgomery County ever recover?"
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[quote=Anonymous]Montgomery County real estate in some areas will always be held back by the glut in rentals. There are SO many rentals in areas like Wheaton and Silver Spring. They aren't all dilapidated, drug houses or houses with 5 families living in them. Many have two income professional families with kids. Maybe not high income professionals but people who could stretch to afford a small house in the area but choose to rent. There is enough inventory that rents don't skyrocket every year. Plus landlords love easy long term tenants with families who pay their rent on time so they are happy to keep them for many years. In areas where renters get pushed out frequently, rental unit inventory os low or rents keep skyrocketing more people stretch to buy something. For a growing number of residents in some areas, there is simply no reason to financially overextend yourself to buy a house. [/quote]
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