Reply to NoVA as Silicon Valley East

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[quote=Anonymous]LOL! Its great for NoVA that they won Amazon and basically just drove the nail into the coffin on MoCo. NoVA will be the economic center in the DMV area but that doesn't make it the next SV. As others have posted, the tech companies around the DMV are and have always been down stream or niche based applications, lots of integrators/consultants/implementors and operations. Zero innovation, paradigm shifting or industry changing leaders.

Amazon will yield an increase in property values for NoVA and parts of DC but it will reduce them in MoCO. The geography and housing inventory is no like anywhere in SV. CA also a strange property tax rule that freezes your property tax assessment until you sell your house. This lets senior citizens afford to stay in the homes but it also substantially reduces inventory. If CA repealed that law, the housing market would be flooded. It would be a huge financial disaster because anyone who had bought a few years before that event would be underwater on their mortgages. Unlike the DMV, CA are not conservative with their housing budgets s- lots of foreclosures further pushing down prices. There are surprisingly few high rises in SV making housing inventory even more tight. You also have the bay and the mountains creating barriers for roads and more transit. [/quote]

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