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Money and Finances
Reply to "Taxes--Md v. VA"
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[quote=Anonymous][quote=Anonymous]well considering that you have to pay 1.5 million to get a decent house in DC vs 1 million in VA the tax idea is kind of a wash because everything is more expensive in DC.[/quote] I'm not very familiar with VA prices, but when we were looking at houses on both sides of the DC/MD line, we encountered two houses that were literally across the street from each other but in different states. The MD one was priced just enough more that the PITI was almost exactly the PITI of the DC house plus the income tax savings from being on the MD side of the line. I think people's perceptions of the tax savings get built into housing prices. But in any event, DC houses are cheaper than their MD equivalent, not more expensive. It is harder to make this comparison with VA because there are no VA houses that are exactly as convenient to downtown DC as a DC equivalent.[/quote]
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