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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If the high income earners are "fleeing" MoCo, why are there so many $1mil+ condo/TH opening up hear me in MoCo. Who the heck is buying up these expensive homes?  [/quote]

They are fleeing:

https://harpswellstrategies.com/wp-content/uploads/2021/06/Post-Pandemic-Economic-Leadership-for-Montgomery-County.pdf

[quote]

Montgomery County failed to capture its pre-2007 share of regional job growth, leading to a cumulative impact of more than 14,000 high quality jobs in key industry sectors that chose to locate elsewhere in the region.

From the 1st quarter of 2016 through the 3rd quarter of 2020 (most recent data available), Fairfax County gained more jobs and gained jobs at a faster rate than Montgomery County in the research and development in the physical, engineering, and life sciences industry.

Montgomery County actually lost private business establishments from 2007 to 2019, while in the rest of Maryland the number of private establishments increased by 6.9%. During that period, private establishments in Fairfax County increased by 12.5%, in the District of Columbia private establishments increased by 21.6%, and in Arlington County private establishments increased by 21.9%.

Montgomery County’s neighbors are offering large incentives to employers on the move and to spur development. For example, Virginia offered Microsoft $22.5 million to move 1,500 jobs to Reston ($15,000 per job). This is well above the recent Montgomery County/State of Maryland combined award of approximately $11,700 per job. Given that businesses in Maryland must also overcome significant structural disadvantages (e.g., local piggyback income tax, higher corporate taxes, etc.), these awards are well below the level that would be necessary to incentivize a business to choose a Montgomery County location rather than a comparable location in Northern Virginia.
[/quote]

MoCo is already losing to other parts of Maryland itself.  PG is now creating more jobs than MoCo. Look, if you are going to have high crime and crappy schools, then at least drop the taxes.  Of course that doesn't happen in MoCo. [/quote]
I see you have reading comprehension issues. I'll repeat:

If the high income earners are "fleeing" MoCo, why are there so many $1mil+ condo/TH opening up near me in MoCo. Who the heck is buying up these expensive homes?  I wfh, and every so often when I go run an errand I see all these new builds everywhere. It's crazy.  Developers aren't building these expensive homes out of the goodness of their hearts.  These are pretty expensive TH and condos.

So, again, if UMC people are "fleeing" MoCo, why are there so many new builds of expensive homes?  [/quote]

I see you are conflating all sorts anti-developer sentiment and huge inefficient bureaucracy with actual free market economics and high prices.  Lol, when you create artificial shortages because of crappy county execs like Elrich, of course prices are high.

San Francisco also has high housing costs, but that doesn't change the fact that they're hemorrhaging people trying to escape the suffocating progressivism that has ruined SF.[/quote]

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