Reply to Will Montgomery County ever recover?

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Reply to "Will Montgomery County ever recover?"

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[quote=Anonymous][quote]why, buying a house is a long term investment of 10 years+ usually. So it makes perfect sense to compare areas, especially if they are close by. DC, bethesda and fairfax county are all within 10-20 miles of each other. The quality of life is significantly effected by things like commute time, schools and yes home appreciation.[/quote]

I agree. If the appreciation differences were smaller then people could argue, boost and make whatever irrational arguments they want as to why one is better than the other. If you are looking at a difference though of netting an 800K profit vs losing 50K when you go to sell years later then it becomes a whole different ballgame.

I guarantee you that if any of the silly MoCo boosters had the opportunity to go back in time and choose moving to NOVA and making 800K vs moving to MOCO and losing 50K, they all would take the 800K profit move to NOVA.

This is only going to get worse. Prices in Montgomery County are softer in 2019 than 2018. The people who bought high in Montgomery County in 2018 will be crying in several years just like the people who bought high in Montgomery County around 2005/2006. NOVA residents will keep laughing their way to the bank. [/quote]

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