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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm sure the bubble is going to pop any minute now lol

https://www.redfin.com/county/1324/MD/Montgomery-County/housing-market[/quote]
I know for me, I started looking at Montgomery because NoVa EXPLODED and I can’t afford to live here anymore. I bet there are a lot of people like me making compromises. [/quote]

Good idea because you can get some value bargains in Bethesda and nearby. Market is soft compared to NoVA[/quote]

Income tax rate in moco sucks, and no jobs in the county is the reason.[/quote]
Yes and No. In both MD and VA, the top state tax rate is 5.75%. In MD, you pay an additional ~3.2% as county level tax.

So, let's take the typical case of a dual income family in the DMV with an HHI of $200K. This is essentially two feds, or similar private sector jobs, and is probably more than 50% of the DMV.

I'm using rough numbers here, and everybody's case will be different, so keep that mind.

- Gross Income $200K
- Taxable income (for Federal and State and Local), let's say $150K.

The difference between MD and VA tax burden in this case will be $4,800. But...VA has the car tax and a family of two earners will most likely have at least two cars. Even at the low end, the car tax may be $400-500 per car per year. Now, we're down to a difference of ~$3800. Factor in more tolls in VA, tax on groceries (not in MD), trash pickup charges etc and the difference shrinks even more.

My point is that, YES, the tax burden in MD is higher, but even at an HHI of $200K, it's not THAT much more. Now, if you were making $1M/yr...that's a different story altogether (although, try owning a Lamborghini in VA....). Even at an HHI of $500K we're talking less than $10K per year. If an equivalent house is $200K cheaper on the MD side, there goes the $10K difference.

With WFH becoming even more prevalent, commuting is less of a factor in deciding where to live. [/quote]

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