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Real Estate
Reply to "Yikes, should we sell our MoCo home and move to NoVA?"
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[quote=Anonymous]Troll or not, it is a real issue. MoCo is a country club where the dues (relative to Virginia) are an additional 3% of your income. To the extent that lower paying members are growing as a percent of the total, services and overall quality will decline. So for a family making $300K buying a $1.2mm house, it’s like “live in MoCo, pay $9K / year more in state and local, potentially experience an appreciation differential of $20-$40K/ year or whatever. That’s real money.m, even if MoCo is an objectively higher quality of life. I expect to become wealthy despite living here, not because of it.Anyone making a purekg economic decision with a decent income is highly incentivized to choose Virginia. It is the complacency of my fellow MoCo’ers on here that’s the problem. Maryland as a state is in a much worse fiscal position as well. Why would a business actively choose to be here vs Virginia? Maybe if related to NIH/ healthcare?[/quote]
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