Low inventory in the DC area

[aneftp]

Originally Posted by pgtitans

Call me nitpicky, but

a) I don't understand why race is brought up to make this point and

b) it is not an historically African American county. It was quite white only two decades ago and just recently experienced white flight.

While not trying to bring up race alone, people who come to this forum may not understand why closed in suburbs (Arlington/Fairfax/Montgomery) counties have all done pretty well in terms of housing even during the recession while one county alone, PG county has done much more poorly. Someone may point out, there are tons of distressed properties in the DC area....unfortunately the majority of them were in PG county or the far off suburbs like western Loudon or Prince William county.

Stats do not lie. Unfortunately higher minority counties (in all of the USA) have done much worse in the housing bust than other counties.

Even in Orlando. Osceola County (with an extremely high puerto rican population) has had the biggest housing price drop of all the 4 Orlando area counties.

[justtitans]

Originally Posted by aneftp

While not trying to bring up race alone, people who come to this forum may not understand why closed in suburbs (Arlington/Fairfax/Montgomery) counties have all done pretty well in terms of housing even during the recession while one county alone, PG county has done much more poorly. Someone may point out, there are tons of distressed properties in the DC area....unfortunately the majority of them were in PG county or the far off suburbs like western Loudon or Prince William county.

Stats do not lie. Unfortunately higher minority counties (in all of the USA) have done much worse in the housing bust than other counties.

Even in Orlando. Osceola County (with an extremely high puerto rican population) has had the biggest housing price drop of all the 4 Orlando area counties.

I kind of see your point, but I think when you just state that it's an "historic African American" county, it's like you're saying that PG suffered because of black people, which is not true. You didn't mention minority, you said African American, which is why your comments raised a flag for me. PG and other counties of high minority populations did indeed suffer through a high rate of foreclosures, BUT there are exceptions. The foreclosure rate had little to do with race as much as it had to do with economics. Most of the time those things go hand in hand, but not always. Montgomery County and DC are two examples (http://washingtonexaminer.com/local/dc/2011/01/washington-sees-biggest-foreclosure-drop-nations-top-markets/109903/ - broken link) of that. The difference between places like that as opposed to places like Prince George's and Prince William County is not the race makeup but rather the access to quality jobs.