Reply to Tempted to move to great falls from McLean as prices seem to be falling

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think a lot of you are missing the mark here. GF residents are a whole another level of wealthy - think frequent international vacations, multiple homes, private schools, etc. Do you think Bill Gates is sweating if his property value drops a few percentage points? They are not slogging to a job downtown every day so they don't care about commute. They are not following real estate trends and trying to live somewhere "walkable to coffee" etc..they just want privacy and space

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Silly clown. The median home value in the Badlands in 2015 didn't even crack a million.  Are you sure your septic isn't contaminated?

https://www.washingtonpost.com/graphics/business/wonk/housing/overview/[/quote]

To be fair, places like McLean, which are far more dense than GF, have had massive growth due to tear-downs and the erection of giant million+ dollar homes that take up the whole lot.  At some point, McLean will become saturated and growth will even out.  There is still a lot of unpopulated land in GF, not to mention many homes that are still in good shape.  I predict that eventually (and especially as the older population in GF begin to move out, and after the vacant land has been purchased) we will begin to see new homes in place of the older ones (particularly in the part of GF that is already using public utilities.)  I also think at some point, northern GF will cave to public utilities, which will open that area to more growth, as well.

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