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Real Estate
Reply to "What $400k Gets You in Baltimore"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand why more people who work in-person 3x/week don’t just commute via Amtrak. [/quote] A big factor for me is the VAST majority of job growth in this metro area is happening in NoVA and I expect that trend to continue. Then some in DC, and very little job growth in MD. So if i bought in Baltimore based on a hybrid work schedule at an office walkable from Union Station in DC, I guess it could work, but what happens when my spouse gets a new job offer in Arlington or Tysons Corner 3 years later in NoVA? Also the Amtrak commute is pretty long, unless you happen to live 3 blocks from the station in Baltimore and work near Union Station in DC.[/quote] No business is not coming to VA. Youngkin made sure of that didn't he? MD just added a ton of jobs National Security Cyber Security hiring like crazy. And Sciences and pharma, etc. Hogan is thankfully gone.[/quote] So why is housing an hour from DC in NoVA much more expensive than housing in MD around Baltimore (equivalent distance to DC)?[/quote] While this has some merit, I don't think that data point is a super fair comparison, given self-selection tendencies. You have a lot more "DC people" moving outside of DC to Virginia as opposed to up to Baltimore. Baltimore feels like another city, while NoVa is definitely considered a DC suburb for quite some ways out. That said, BLS has some stats that show there isn't a slam dunk in either direction re: job/employment growth (yet). Lots of think pieces though, ha. FWIW, we made the decision to leave DC for Baltimore and are very happy--but we did so because of ties to the area and some particulars about our career. Its not for everyone and obviously a couple needs to be on the same page on whether, or if, they'd ever want to work in Arlington, etc. before moving. I'd do it if I absolutely had to--meaning no other job choices and we needed the money--but that is not something we'd ever be interested in unless we got to a breaking point. [/quote]
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