+100Anonymous wrote:Virginia is a very desirable place to live. Great schools, parks, libraries, shopping, activities, etc.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Yes. Taxes. VA has a Republican governor, and MD has a Democratic one. MoCo is a sanctuary county and as a result attracts low skilled immigrants who hold menial jobs and don't pay taxes.
I grew up in MD, but live in VA now. The state taxes are about 50% lower in VA than they are in MD and for what? Your schools are mediocre at best and you don't have a strong in state university system.
Virginia has been able to attract many, many more jobs than Maryland has. Naturally, people want to live near where they work. Companies don't want to go to MD, they want to go to VA.
This generally helps the entire DMV close-in area, not a specific state. Plenty of people as an example choose to live in Bethesda BECAUSE they have a job in Tysons since it's a quick jump over the bridge on 495 and a quicker commute than many VA suburbs. Similarly, a person that lives in Frederick is actually more likely to pick a job in Loudon over Rockville because it's quicker to shoot over the bridge when you factor in rush hour traffic.
Yeah right a quick jump over the bridge. Sure. 495 is backed up constantly from 123 to the bridge thanks to that stupid hot lane.
Anonymous wrote:I have been talking to a few co-workers who lived in Fairfax, and they mentioned how much their home valued have appreciated over the last 5-6 years and was amazed. I have been living in MoCo and our house price appreciation has barely kept up with inflation.
Anonymous wrote:Anonymous wrote:I think it's apples and oranges. The parts of MoCo with easier commutes into DC and good schools have appreciated at pretty much the same rate as similar in NoVa. Same in DC -- the places with better schools and easier commutes to downtown have appreciated faster than parts of the city with weak IB schools and poor access to public transit and other amenities.
I do think Amazon has given a big boost to Alexandria despite relatively weak schools. But that's a special case. Generally in NoVa, prices track school districts with proximity to DC and commuting corridors (or transit) offering a boost.
Interestingly, I think Capitol Hill, Navy Yard, and the Wharf in DC has also benefited from Amazon. Appreciation in CH and Navy Yard is better than in other parts of the the East side and I suspect Amazon has played a role in this based on how many people I know who work at Amazon and live on CH. It makes sense because the Venn diagram of tech workers and people who want to live in walkable neighborhoods has a lot of overlap.
They will move to VA when they have kids.
Anonymous wrote:https://public.tableau.com/app/profile/redfin/viz/shared/2KMCG2C5K
Look how much we are lagging other metro areas. All were in the same range in 2013.
Anonymous wrote:I think it's apples and oranges. The parts of MoCo with easier commutes into DC and good schools have appreciated at pretty much the same rate as similar in NoVa. Same in DC -- the places with better schools and easier commutes to downtown have appreciated faster than parts of the city with weak IB schools and poor access to public transit and other amenities.
I do think Amazon has given a big boost to Alexandria despite relatively weak schools. But that's a special case. Generally in NoVa, prices track school districts with proximity to DC and commuting corridors (or transit) offering a boost.
Interestingly, I think Capitol Hill, Navy Yard, and the Wharf in DC has also benefited from Amazon. Appreciation in CH and Navy Yard is better than in other parts of the the East side and I suspect Amazon has played a role in this based on how many people I know who work at Amazon and live on CH. It makes sense because the Venn diagram of tech workers and people who want to live in walkable neighborhoods has a lot of overlap.
Anonymous wrote:Anonymous wrote:Yes. Taxes. VA has a Republican governor, and MD has a Democratic one. MoCo is a sanctuary county and as a result attracts low skilled immigrants who hold menial jobs and don't pay taxes.
I grew up in MD, but live in VA now. The state taxes are about 50% lower in VA than they are in MD and for what? Your schools are mediocre at best and you don't have a strong in state university system.
Virginia has been able to attract many, many more jobs than Maryland has. Naturally, people want to live near where they work. Companies don't want to go to MD, they want to go to VA.
FYI, Arlington might not call itself a sanctuary county but it is:
https://www.arlnow.com/2024/03/04/arlington-considers-removing-immigration-status-requirements-for-low-income-housing-grants/
https://www.nbcwashington.com/news/local/northern-virginia/arlington-debates-police-collaboration-with-ice/3773440/
If you don't think there are tons of low-skilled immigrants in NoVa, you're living in a bubble and just don't visit the many neighborhoods where they are a majority.
Anonymous wrote:Anonymous wrote:Yes. Taxes. VA has a Republican governor, and MD has a Democratic one. MoCo is a sanctuary county and as a result attracts low skilled immigrants who hold menial jobs and don't pay taxes.
I grew up in MD, but live in VA now. The state taxes are about 50% lower in VA than they are in MD and for what? Your schools are mediocre at best and you don't have a strong in state university system.
Virginia has been able to attract many, many more jobs than Maryland has. Naturally, people want to live near where they work. Companies don't want to go to MD, they want to go to VA.
This generally helps the entire DMV close-in area, not a specific state. Plenty of people as an example choose to live in Bethesda BECAUSE they have a job in Tysons since it's a quick jump over the bridge on 495 and a quicker commute than many VA suburbs. Similarly, a person that lives in Frederick is actually more likely to pick a job in Loudon over Rockville because it's quicker to shoot over the bridge when you factor in rush hour traffic.
Anonymous wrote:Yes. Taxes. VA has a Republican governor, and MD has a Democratic one. MoCo is a sanctuary county and as a result attracts low skilled immigrants who hold menial jobs and don't pay taxes.
I grew up in MD, but live in VA now. The state taxes are about 50% lower in VA than they are in MD and for what? Your schools are mediocre at best and you don't have a strong in state university system.
Virginia has been able to attract many, many more jobs than Maryland has. Naturally, people want to live near where they work. Companies don't want to go to MD, they want to go to VA.