Reply to How do we end Montgomery County socialism?

Forum Index » Metropolitan DC Local Politics

Reply to "How do we end Montgomery County socialism?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
It's incredible to me that [b]Montgomery County has the second lowest median housing costs in the region after PG County [/b]and they want to make it cheaper. Like what? There is a reason why housing in PG County is cheap. And there is a reason why it is more expensive in Arlington and Fairfax. These people don't have a clue. I am not sure what the future holds, but I am not optimistic.[/quote]

[b]And yet homeownership is increasingly unaffordable for young people, which seems like a problem. 
[/b]
And half of renting households spend more than 30% of their gross income on housing, which also seems like a problem.

[b]High housing costs [/b]are great for people who currently own and will want to sell soon, and for landlords without much debt. And maybe for realtors. Other than that, high housing costs are not a good thing.[/quote]
[b]It is no ones problem but your own if you don't have the means to afford to buy a house.[/b] Your own mismanagement of your personal financial situation is no ones responsibility but your own. Housing costs in the county are &quot;low&quot; regionally, so even your complaint is off-base and unfounded. The best way for people to afford a home is to make more income. What are you personally doing to increase your income potential? What is the county doing to increase the number of high paying jobs? The alternative path is a negative feedback loop of cheaper housing -&gt; poorer people -&gt; cheaper housing -&gt; poorer people which is what makes this county overall poorer and not richer. [/quote]

A third of households in Montgomery County are renters.

I own my home, why? Because I bought it 22 years ago when I moved here for a job. If the value had appreciated at the same rate as inflation, it would now be worth about 55% more. Instead, it's now worth about 225% more. That appreciation is not due to my stellar personal financial management skills. It's just a giant unearned windfall for me.

If I were in exactly the same situation now as I was 22 years ago, I would not be able to afford my home today. At best, I'd be renting. More likely, I wouldn't take the job and wouldn't move here. Multiply that by a lot of other young people with skills, and it doesn't look so good for the future of Montgomery County.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics