Reply to s/o How far will prices drop in MoCO?

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Reply to "s/o How far will prices drop in MoCO?"

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[quote=Anonymous][quote]I really don’t understand these threads. People are upset that VA and DC are back to bubble pricing but not MD? I don’t see bubble prices as a good thing. It’s certainly not sustainable. If people want to spend 500-700k in MoCo to get into a good school district then good. It’s that or spend that same amount in VA and buy in a bad or mediocre district. People buying 700k houses are good upper middle class people. So what if we don’t have as many million + homes in MoCo? MoCo prices are matching inflation while other areas are moving up in what appears to be a new bubble.[/quote]

People are upset because they lost money buying in Montgomery County while their co-workers who bought at the same time in VA or DC have made a ton of money.

I think MOCO will go lower. All the inventory that isn't selling now will add into next year's market. Everything in MOCO is based on the school rating. When it gets cheaper to live in Churchill then houses in Wootton go down. When it gets cheaper to live in Wootton then houses in QO go down. When it gets cheaper to live in WJ then Silver Spring goes down. Etc, etc etc. [/quote]

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