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Metropolitan DC Local Politics
Reply to "Data show people are fleeing MoCo for Frederick"
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[quote=Anonymous][quote=Anonymous]ok, but there are tons of new builds around me. If people are fleeing MoCo, who is going to rent/buy all those new developments? I've lived in Rockville for 10 years, and even in the past 10 years the growth has been crazy - new builds everywhere.[/quote] New builds as in apartments? Or townhomes? Demand still outstrips supply so think there will still be demand for those. But a lot of families who want to buy an entry-level SFH are simply getting priced out. Small houses in my so-so silver spring neighborhood are selling for well over $500k- and they need work! When people complain on here about not being able to afford to buy in the DMV, common advice is to buy further out. So people are. The increase in telework flexibility and remote work has made it easier for many to do so.[/quote]
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