Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The CityCast DC podcast just had an episode with a Washington Business Journal reporter titled “DC is Losing Jobs to Virginia”
https://open.spotify.com/episode/1OKuIhD56t2RhcsBN0tuzS?si=Hw2KpTP0RNqkEqZXueQepA

Basic premise is that the DC Metro area is doing well but the recent job growth is largely tilted towards VA, with DC and MD not seeing the same booming job growth.

Reporter says he sees this being a long term trend. Thoughts on how this will impact residential real estate in the area?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

It's primarily in the south. Everyone loves to bring up amazon, but that's not panning out how it was originally promised.

https://roanoke.org/2023/07/06/roanoke-region-boasts-highest-job-growth-rates-in-30-years-outperforming-state-and-most-virginia-metros/

Have you been to Pentagon City recently? It’s a pretty noticeable transformation that’s not even done yet, and in the next few years the new Virginia Tech campus in Potomac Yard will bring more jobs and residents.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Publics are trash everywhere. Nova is a unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

+1

We moved to moco for easy access to the privates. Covid exposed the NOVA public rot.

Can’t really get too excited about the idea of moving to MoCo for stuffy privates and then paying higher taxes all to underwrite MCPS’s expenditures of legal fees to defend allegations of sexual harassment and probe just how incompetent McKnight has been as superintendent.

Enjoy! Meanwhile we’ll take the greater job growth and equity appreciation across the river.

And UMD as your only real in-state public university—instead of UVA, William&Mary, VA Tech, JMU, GMU etc

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Doesn't seem to be impacting our MoCo neighborhood. Very little inventory, and SFH going for $850K+. And new expensive TH/condos going up left and right.

To the extent this thread is another excuse for VA and MD to spar, the most telling thing about this post is the observation that SFHs in MoCo neighborhoods are going for $850K+, as if that demonstrates MoCo’s vibrancy.

In NoVa people would be pointing to all the townhouses going for $850K+ and SFHs going for well over $1.2M.

You can’t get a SFH for $1.2 million anymore in the close-in NovA hoods. The cutoff is now $1.6million- starter and in need of renovation.

Same for closein MoCo. Outer NovA and outer MoCo, you can find SFH < $850K, no problem.

My sister lives in PW county - 45 minutes from my home in Arlington and the homes are $900k-1 million. Leesburg Loudoun etc are all expensive.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Publics are trash everywhere. Nova is a unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

+1

We moved to moco for easy access to the privates. Covid exposed the NOVA public rot.

Can’t really get too excited about the idea of moving to MoCo for stuffy privates and then paying higher taxes all to underwrite MCPS’s expenditures of legal fees to defend allegations of sexual harassment and probe just how incompetent McKnight has been as superintendent.

Enjoy! Meanwhile we’ll take the greater job growth and equity appreciation across the river.

Low budget, unplanned hellscape sprawl of public education rot. No thanks

You have all of that in MoCo and your public schools are inferior, yet you pay more to subsidize them. And then you wonder why businesses look elsewhere.

Anonymous wrote:The economies are somewhat different, Nova has high-tech and data centers, Montgomery has medical research. Metro locations are doing ok, non-metro locations are doing worse. Values aren’t that different between same-distance neighborhoods in relation to DC.

PGCo has always lagged, and doesn’t have as many big employers, except for UMD. You can’t compare the overall states, the demographics are different.

PG county is richer than 21 Virginia counties.

That’s why Md is the richest state in the USA

https://mensgear.net/richest-states-us/#:~:text=1-,Maryland%20–%20%2490%2C203,to%20the%20nation's%20overall%20progress.

The economies are somewhat different, Nova has high-tech and data centers, Montgomery has medical research. Metro locations are doing ok, non-metro locations are doing worse. Values aren’t that different between same-distance neighborhoods in relation to DC.

PGCo has always lagged, and doesn’t have as many big employers, except for UMD. You can’t compare the overall states, the demographics are different.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Publics are trash everywhere. Nova is a unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

+1

We moved to moco for easy access to the privates. Covid exposed the NOVA public rot.

Can’t really get too excited about the idea of moving to MoCo for stuffy privates and then paying higher taxes all to underwrite MCPS’s expenditures of legal fees to defend allegations of sexual harassment and probe just how incompetent McKnight has been as superintendent.

Enjoy! Meanwhile we’ll take the greater job growth and equity appreciation across the river.

Low budget, unplanned hellscape sprawl of public education rot. No thanks

Nova is more transplant friendly to a certain degree. No "old-school" culture that can feel unwelcoming to outsiders. Nova has attracted many high performing immigrants especially in tech.

However part of the reason VA has grown is because of zoning. It allows building everywhere just about. There is even development south of Fredericksburg and Orange County. Nova is kind of a blob that keeps spreading. The development is slightly more contained in Maryland. Though it is catching up in Frederick and Howard County. Richmond has it's faults, but Maryland has Baltimore which is a huge drag.

Anonymous wrote:

Anonymous wrote:
Publics are trash everywhere. Nova is a unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

+1

We moved to moco for easy access to the privates. Covid exposed the NOVA public rot.

Can’t really get too excited about the idea of moving to MoCo for stuffy privates and then paying higher taxes all to underwrite MCPS’s expenditures of legal fees to defend allegations of sexual harassment and probe just how incompetent McKnight has been as superintendent.

Enjoy! Meanwhile we’ll take the greater job growth and equity appreciation across the river.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The CityCast DC podcast just had an episode with a Washington Business Journal reporter titled “DC is Losing Jobs to Virginia”
https://open.spotify.com/episode/1OKuIhD56t2RhcsBN0tuzS?si=Hw2KpTP0RNqkEqZXueQepA

Basic premise is that the DC Metro area is doing well but the recent job growth is largely tilted towards VA, with DC and MD not seeing the same booming job growth.

Reporter says he sees this being a long term trend. Thoughts on how this will impact residential real estate in the area?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

It's primarily in the south. Everyone loves to bring up amazon, but that's not panning out how it was originally promised.

https://roanoke.org/2023/07/06/roanoke-region-boasts-highest-job-growth-rates-in-30-years-outperforming-state-and-most-virginia-metros/

Anonymous wrote:

Anonymous wrote:The CityCast DC podcast just had an episode with a Washington Business Journal reporter titled “DC is Losing Jobs to Virginia”
https://open.spotify.com/episode/1OKuIhD56t2RhcsBN0tuzS?si=Hw2KpTP0RNqkEqZXueQepA

Basic premise is that the DC Metro area is doing well but the recent job growth is largely tilted towards VA, with DC and MD not seeing the same booming job growth.

Reporter says he sees this being a long term trend. Thoughts on how this will impact residential real estate in the area?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

Anonymous wrote:
Publics are trash everywhere. Nova is a unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

+1

We moved to moco for easy access to the privates. Covid exposed the NOVA public rot.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Publics are trash everywhere. Nova is an unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

It’s sad that the relics of the most overt discriminating in Maryland are the selling points you’re left with. Slow clap for all the Maryland privates and country clubs that continued to discriminate against Black and Jewish people well after NoVa was integrating.

dp.. considering that NoVa has a much lower Hispanic and Black population than MoCo, I don't think you're one to talk about integration of minorities. VA only repealed the law against inter racial marriages in the 60s, that's within my DH's life time. He is white; I am not. It's crazy to think that only 50 or so years ago, people like us could not get married in VA.

Also, this is probably why there aren't as many black people in NoVa. Too much racism in the not too distant past.

Anonymous wrote:

Anonymous wrote:
Publics are trash everywhere. Nova is an unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

It’s sad that the relics of the most overt discriminating in Maryland are the selling points you’re left with. Slow clap for all the Maryland privates and country clubs that continued to discriminate against Black and Jewish people well after NoVa was integrating.

dp.. considering that NoVa has a much lower Hispanic and Black population than MoCo, I don't think you're one to talk about integration of minorities. VA only repealed the law against inter racial marriages in the 60s, that's within my DH's life time. He is white; I am not. It's crazy to think that only 50 or so years ago, people like us could not get married in VA.

Anonymous wrote:
Publics are trash everywhere. Nova is an unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

It’s sad that the relics of the most overt discriminating in Maryland are the selling points you’re left with. Slow clap for all the Maryland privates and country clubs that continued to discriminate against Black and Jewish people well after NoVa was integrating.