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Reply to "s/o How far will prices drop in MoCO?"
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[quote=Anonymous]MoCo muni bonds are rated Triple AAA. That is a higher rating than the US Treasury bond. I bought in MoCo not that long ago in the 1.1-1.4 million range and it is red hot at that price point for a house that is a decent size, great condition and close in. Only houses I see hurting are far out think way way Outer Potomac houses on two plus acres over 6,000 square feet. Some are electric heat or well water to boot. The market changed since 2005 and those homes lost sometimes 200K to 400K. But inner no way, walking distance to Bethesda Metro Gold, Rockville good schools close to highway great, Potomac I find walking distance to village a 1.2 acre Plot sells. MoCo could be one foot from DC line in Friendship Heights. Other parts of MoCo are almost like Farms and Country land and some parts are gritty city like. [/quote]
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