Reply to Advice on MoCo and PG Neighborhoods

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]I would hesitate to purchase in Prince George’s county because another recession will hit in late 2020 according to financial markets. PGCo was hit really hard last time around which made selling really hard for people who might have wanted to move for other economic opportunities. It took PGCo much longer to bounce back than other places in the DMV area.[/quote]

Eastern MOCO aka Silver Spring was hit just hard and too as long if not longer to recover. In fact, MOCO and PG county are partnered in an ongoing lawsuit against banks with predatory lending practices back then that hurt their respective areas.

Both areas have high populations of individuals living either under the poverty line or in what civic planners call situations of economic risk or instability. This means that a downturn, job loss or even just an extended government shutdown sends them into poverty sometimes in an unrecoverable state. MOCO has the higher risk profile though because it has local county based drivers for additional loss in a downtown or stable national situation. MOCO has the financial instability, school rezoning risks, less desirable commute location., growing level of poverty and a big bubble of retirees. Locally, PG is relatively stable and has potential factors that will lead to growth and appreciation. Plus if there is going to be a downturn in housing across the country you will lose less on a less expensive house in PG than buying an over valued house in Silver Spring.

I'd go with PG. [/quote]

I’ll concede that eastern MoCo is like PGCo for the impoverished levels, predatory levels, but let’s not pretend PG local schools are anything to brag about. There are maybe 3-4 acceptable schools, most people do private over there and if Heaven forbid if the OP or her DH were to suffer the loss of an income they’d need to use the local public, which in this case PGCo is not better than eastern MoCo. The great option about MoCo is that the poverty is contained and not as widespread as PGCo. But if I had to live in PGCo I’d choose Hyattsville or College Park and maybe Mt. Rainier. Anything outside of those areas is high risk.......including Bowie, Clinton, Upper Marlboro. You can always move to a variety of high performing public school clusters in MoCo. PGCo doesn’t have as nearly as many high performing clusters.

OP, try also considering VA public schools as well. 
[/quote]

What’s high risk about Bowie and Upper Marlboro????[/quote]

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