Reply to Is there a reason real estate has appreciated so much more in VA than MD and DC?

Forum Index » Real Estate

Reply to "Is there a reason real estate has appreciated so much more in VA than MD and DC?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]All these discussions are downstream of geography. A big chunk of NoVa (Arlington, Falls Church, Alexandria) is very close to Downtown DC. Bethesda, which is equivalent to McLean in terms of income and housing stock, while neighboring DC, is not close to any jobs or commerce since DC West of Rock Creek Park is suburban residential. Add to the mix the development along the 267 corridor and it’s no surprise that NoVa has appreciated more. If the I-270 corridor had developed like the 267 corridor did, things would be more balanced. I’m not even including PG County into the conversation because it never had any serious prospects of developing like the western counties did, for various reasons

MoCo remains a mostly bedroom suburban area, and at least mid county and down county, attracts DC job holders in the traditional way it always did back in the 70s-90s: a haven from the hubbub and a more human-scaled way of raising kids
NoVa morphed into its own economic powerhouse with its own set of industries, namely tech and defense. It appreciated more, but is a bigger mess of highways and is less human-scaled[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics