Reply to There is no housing crisis in MoCo or most of the DMV for that matter

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of Moco is actually very cheap once you get about 25 minutes outside the beltway.

Not many places that are less than an hour outside a major global city where you can buy SFHs for under 500k. There are TONS in Germantown, Montgomery Village, Laytonville, Damascus, etc[/quote]

That's funny, because I just checked Redfin, and they have zero (0) listings in Montgomery Village for SFHs under 500k. Germantown has one (1), listed at $400,000 which is a short sale. Laytonsville has one (1), listed at $499,900. Damascus has zero (0). I can't check etc.[/quote]

Huh? I[b]’m literally looking in Redfin right now and there are many options under $500k. [/b] If someone doesn’t want to move that far out there are options in aspen hill/wheaton too.  If they want somewhere with “better schools” then there are apartments and condos available.  Most of the new construction close in is the latter anyway.  There are trade offs to living in this area, if you want the cheap big house on an acre then this isn’t the place for you.[/quote]

Not for SFHs in Montgomery Village, Germantown, Laytonsville, or Damascus, there aren't.

In realtor.com: 
0 in Montgomery Village
2 in Germantown (the $400,000 short sale, plus a contingent listing for $495,000)
1 in Laytonsville (the $499,900 one) 
4 in Damascus, because realtor.com seems to define "Damascus" more expansively than Redfin: $499,900; $359,500 for 2BR/1BA, 773 sf; $400,000 for an uninhabitable house, cash only; $345,000 for 2BR/1BA, 774 sf.[/quote]

There are literally a handful of houses for households making median income, if they want to commute for an hour+ and be house poor at the same time. I can't believe people are complaining![/quote]

Don't forget the one they can't even live in.

https://www.realtor.com/realestateandhomes-detail/10104-Clearspring-Rd_Damascus_MD_20872_M69472-35563?from=srp-list-card

[i]INVESTOR ALERT - HOME SOLD AS IS; NO REPAIRS MADE BY SELLERS. Estate Sale. Excellent opportunity to rehab a 4BD/2.5 home in the heart of Damascus, with easy commute to DC and surrounding area. Huge lot backing to trees. Large rooms with main-level ensuite primary bedroom. Hardwood floors have been covered for nearly 30 years. Eat-in kitchen. Swimming pool, but it needs work too. Two-car garage. Main sewer line is clogged. The home will not qualify for regular financing. Cash or rehab loans only.[/i][/quote]

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