Anonymous wrote:What is the source of Loudon Co wealth?

Anonymous wrote:What is the source of Loudon Co wealth?

Anonymous wrote:

Anonymous wrote:^

Whatever the cause, Maryland is in trouble.

http://marylandreporter.com/2015/09/03/irs-data-again-shows-taxpayers-leaving-maryland/

http://m.washingtontimes.com/news/2012/jul/3/marylanders-move-in-droves-to-virginia/

Wow, that conclusion about Maryland being in trouble is like the conclusion that Trump is actually a Russian agent. I especially love the first of those two links, both from sites with NO clear agenda, as it shows immigration to and from Virginia being an absolute wash. Lol!

Anonymous wrote:^

Whatever the cause, Maryland is in trouble.

http://marylandreporter.com/2015/09/03/irs-data-again-shows-taxpayers-leaving-maryland/

http://m.washingtontimes.com/news/2012/jul/3/marylanders-move-in-droves-to-virginia/

Anonymous wrote:It's all about the taxes. MoCo has been losing residents and businesses to Fairfax for a long time.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one disputes Howard and Loudoun are affluent suburban counties.

That the highest concentration of super expensive properties are in Montgomery, the district and Fairfax speaks volume and is the only actual "fact" we have on hand (although Loudoun has its impressive real estate around the Middleburg area, but that has a long history separate from the suburban growth of Loudoun in the last 20 years). The last sentence of yours is pure speculation.

It's like Manhattan. The average HHI in Manhattan isn't particularly high and is lower than many of the suburban counties, but the concentration of genuine wealth in Manhattan is indisputable.

Anonymous wrote:
All true, but in discussing the wealth of counties, you also have to add up all the more modest, but positive, net worths of Howard residents vs. the smaller, if not negative, net worthy of an increasing percentage of Montgomery residents. You also have to allow for the possibility that less of the wealth of residents of places like Howard and Loudoun may be tied up in local real estate.

The other facts on hand obviously are those that prompted the thread: the counties with the highest HHIs in the country (for which data is available for many years).

I believe the conversation was shifting away from average HHI to genuine wealth.

When you get down to it, it's impressive that Montgomery County is more than three times the size of Howard County, more diverse, and still has an average HHI that is only slightly behind Howard. 100k versus 110k. I bet if you divided Montgomery into 1/3ds and took the Bethesda-Potomac third its average would be much higher than Howard. Bethesda and Potomac have average HHI 180k+. Ditto for McLean in Fairfax.

You might enjoy this link:
http://www.cnbc.com/2014/02/26/10-richest-neighborhoods-in-us.html

Potomac, Bethesda and McLean areas are included. Nothing in Howard.

Anonymous wrote:

Anonymous wrote:No one disputes Howard and Loudoun are affluent suburban counties.

That the highest concentration of super expensive properties are in Montgomery, the district and Fairfax speaks volume and is the only actual "fact" we have on hand (although Loudoun has its impressive real estate around the Middleburg area, but that has a long history separate from the suburban growth of Loudoun in the last 20 years). The last sentence of yours is pure speculation.

It's like Manhattan. The average HHI in Manhattan isn't particularly high and is lower than many of the suburban counties, but the concentration of genuine wealth in Manhattan is indisputable.

Anonymous wrote:
All true, but in discussing the wealth of counties, you also have to add up all the more modest, but positive, net worths of Howard residents vs. the smaller, if not negative, net worthy of an increasing percentage of Montgomery residents. You also have to allow for the possibility that less of the wealth of residents of places like Howard and Loudoun may be tied up in local real estate.

The other facts on hand obviously are those that prompted the thread: the counties with the highest HHIs in the country (for which data is available for many years).

Anonymous wrote:No one disputes Howard and Loudoun are affluent suburban counties.

That the highest concentration of super expensive properties are in Montgomery, the district and Fairfax speaks volume and is the only actual "fact" we have on hand (although Loudoun has its impressive real estate around the Middleburg area, but that has a long history separate from the suburban growth of Loudoun in the last 20 years). The last sentence of yours is pure speculation.

It's like Manhattan. The average HHI in Manhattan isn't particularly high and is lower than many of the suburban counties, but the concentration of genuine wealth in Manhattan is indisputable.

Anonymous wrote:
All true, but in discussing the wealth of counties, you also have to add up all the more modest, but positive, net worths of Howard residents vs. the smaller, if not negative, net worthy of an increasing percentage of Montgomery residents. You also have to allow for the possibility that less of the wealth of residents of places like Howard and Loudoun may be tied up in local real estate.

Anonymous wrote:
All true, but in discussing the wealth of counties, you also have to add up all the more modest, but positive, net worths of Howard residents vs. the smaller, if not negative, net worthy of an increasing percentage of Montgomery residents. You also have to allow for the possibility that less of the wealth of residents of places like Howard and Loudoun may be tied up in local real estate.