Reply to Better investment - fancy neighborhood in DC or MD?

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[quote=Anonymous][quote=Anonymous][twitter][quote=Anonymous]MD is the way to go here, OP.

DC is facing extremely difficult financial times, with CRE imploding and huge revenue declines. Personal and sales taxes are likely to rise and services decline in the foreseeable future. Here is just one article.

https://www.globest.com/2022/12/01/cre-firms-collapsing-office-values-threat-to-dcs-fiscal-health/

MD also gives you in state college options. [/quote]

The people in the fancy neighborhoods aren’t stressed about college. [/quote]

Oh, they very much are. I live in the fancy neighborhood, have a college freshman, and come college admissions time, it's all parents talk about. When you have 3 kids all wanting private universities at 90K/yr, sending one to UMD or UVA at 30-40K/yr starts to sound really nice. If the kid can get in. They're getting quite selective. If your kid is slightly less proficient, there are slew of state colleges in both MD and VA that will educate them at a reasonable cost, instead of paying through the nose for an out-of-state no-name college.

MCPS, FCPS and college cost considerations play a large role in the exorbitant real estate prices of close-in MD and VA. The prices in the nice neighborhoods are not going down. Ever.

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