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Reply to "Better investment - fancy neighborhood in DC or MD?"
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[quote=Anonymous][quote=Anonymous]Order of operations: (1) you like the house and (2) you minimize commute, imho. Traffic is now worse in close-in MD than in DC. I have to drive to downtown Bethesda once per week and it's so much worse than traffic in downtown DC. That said, I fully expect DC to raise residential property and sales taxes to make up for the shortfall in CRE taxes. I think the value proposition for homes that feed to MacArthur HS in DC is very good. By the time my kids go there in a decade, it's going to be an incredible small HS with the best teachers and a smart student body. We have friends with kids in the W high schools in MD + feeder schools and they complain so much about how the schools are over-crowded. It's a lot worse than DC. I think there's also an college admissions edge for kids who graduate from DC schools. [/quote] You have to pick the house you like best. Crime is the same in both of those places and CRE in DC is not really going to affect you. Even if property taxes increase, property and income taxes are much lower in DC. Even for very high income earners. I live in DC. I actually think our property taxes are too low. [/quote]
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