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Reply to "Will Montgomery County ever recover?"
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[quote=Anonymous][quote=Anonymous]If it is true that housing prices are dropping in MoCo, why is it bad? It is already too expensive and unaffordable. Do you guys think it will go downhill to the point that I can afford to buy a house in Bethesda for $400k?[/quote] Sure, but remember as the boomers and their money leave the county and more multi family housing is planned, there will be less tax revenue. It's a downward spiral, you'll be able to aford that 400,000 house, but will you be able to afford the ever increasing taxes that will accompany it to compensate for the wealth that will leave and is leaving now?[/quote]
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