Reply to The Lauren Condos in Bethesda Bankruptcy

Forum Index » Real Estate

Reply to "The Lauren Condos in Bethesda Bankruptcy "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]There was an article in Bethesda magazine a while back about the Bethesda luxury condo market was flopping. Basically, the Potomac and Bethesda retiree's like the idea of downsizing to a condo but there are other factors that are keeping them from buying these that the developers completely overlooked.

There is too much inventory with retiree's selling, decline of MCPS, and high end job loss to VA that is depressing prices in Potomac and Bethesda. [b]Sellers who were considering a high end condo are finding that their own houses are selling for much less than they thought they would or should. This is making them to reconsider sinking more money into Montgomery County.[/b] No one wants to lose money twice. More are going into DC where they think they'll have better appreciation in the future. Others are staying put or moving out of state.

I think that developers have also overshot some of the areas further out. There are a bunch of new developments for houses over 1M+ out in Darnestown, Gaithersburg and North Potomac that will definitely bomb. [/quote]

This doesn't surprise me. And anytime people bring up at that Montgomery County losing businesses is pulling the entire area into a downward spiral...protests that people are being foolish.

https://www.dcurbanmom.com/jforum/posts/list/812798.page

https://www.dcurbanmom.com/jforum/posts/list/827756.page[/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