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I think wv as a whole has and will fare better due to proximity to the megapolis that is boston, providence, nyc, philly, baltimore, dc. A lot of states dont have that. From my house if you drive an hour east houses are selling for outragous amounts of money. Rent in my area is typically 700 to 800 farther east you cant find an apartment for less then 1000. WV has it good and we know it I say buy land now and one day it will pay off big.
Rent in your area is cheap compared to where I am. Here easily 1000+
Just checked craigslist you can find apartments for less then 1000 in motown soooo.....if you want to compare loudon county va to morgantown be my guest. I said an hour east...dc suburbs northern virginia where the median income is over 100,000.
True enough. The DC burbs have more pressure on them than the Pittsburgh burbs, and that affects rents. However, another reason is builders in Morgantown have been building like crazy thus helping to keep rents reasonable. I have not seen the same level of building activity in the DC suburbs.
Compared to Morgantown? Where in the DC suburbs are you comparing this to? Loudoun County, Virginia alone added almost 150,000 residents between 2000 and 2010. Thats about 50,000 more than the entire population of Mon County. Fairfax and Montgomery Counties each have around 1 million people and they also average about 100,000 new residents each decade. That isn't even counting high growth areas like Arlington and NW DC along with farther out locales like the Eastern Panhandle and Frederick MD.
Morgantown is growing fast but the level of growth and building there is simply not even in the same league as the Washington DC area. And that is a good thing (for Morgantown).
As for Charleston, Huntington and Wheeling having high housing affordability...it boils down to supply and demand. There is a lot of supply and fairly low demand. Although I think they are starting to see a slight uptick. Whether this is attributed to the fact that there has been limited mobility of the population with the national economy in tough shape or if it is a sign of increased local job growth, we will have to wait and see. Hopefully it is the latter.
Last edited by NOVAmtneer82; 01-17-2012 at 02:14 PM..
That's what I said. Builders have not kept up with demand in the DC burbs. They have done a better job of doing that in Morgantown. That's why our rents are high, but not that high.
True enough. The DC burbs have more pressure on them than the Pittsburgh burbs, and that affects rents. However, another reason is builders in Morgantown have been building like crazy thus helping to keep rents reasonable. I have not seen the same level of building activity in the DC suburbs.
I disagree. Townhouses and high rises are popping up everywhere where I am, and I believe even more so in NOVA.
Right, but the exodus from DC and Balto is quicker than they can pop up... that is my point.
DC, the city proper, is growing fast. The city is gentrifying rapidly. Im not sure when you went last, but the city has changed from being sketchy to becoming a yuppie haven.
It has been awhile. Last yuppie place I recall there is Georgetown. I do know my late former father in law retired from Kanawha County Schools and moved to Silver Spring, MD where he got a job teaching at Bullis Academy. That was a nice town in the late 60s. Last time I was there you couldn't go out by yourself at night on Georgia Ave. What a shame.
It has been awhile. Last yuppie place I recall there is Georgetown. I do know my late former father in law retired from Kanawha County Schools and moved to Silver Spring, MD where he got a job teaching at Bullis Academy. That was a nice town in the late 60s. Last time I was there you couldn't go out by yourself at night on Georgia Ave. What a shame.
All of NW DC is yuppied, along with a good portion of NE. SE is still a ghetto. The metro area, except for PG is pretty yuppish in Montgomery, Arlington, Fairfax, and Loudon. There are pockets of poverty, but it is mainly wealthy.
Silver Springs is a hot area right now, and is a hip area, espcially downtown Silver Springs. It is a big hipster area. There are bad areas of SP but increasingly the poor of SP are being pushed into Wheaton.
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