"You wouldn’t even know it’s there, or that such high-end homes can be found so close in town."First, we had the East County Castle. Now, McMansions priced from $1,499,900 are going up in my neighborhood at Route 29 and Musgrove Road, two years after a previous developer was shut down by the state.
There was a time when the fear of crime, sub-par schools and lack of shopping options kept People With Money out of East County, but I guess either we've upped our game or they've lowered their standards because I can now say I live in a million-dollar community. (Nevermind that the average house in my neighborhood sells for only half a million dollars.)
How can this work in East County? You could argue a "revitalized" Silver Spring could command these kind of home prices . . . but this is six miles away. You could also say we're becoming a more affordable alternative to more expensive County developments as the last remaining pieces of farmland on the fringes of Silver Spring become a new "poor man's Potomac."
What does this mean for Montgomery County in the long run? If these trends take hold, could we become more solidly homogeneous and hold on to our reputation for wealth? Or, could this just be a shift in which areas are considered "hip," meaning that new pockets of lower- and middle-income people could form in other parts of the County?
What do you think?