okay what uh go ahead and tell me about your home
well my my home at the moment is an apartment
oh is that right
yeah
i work here in Germantown but i live in Pensacola Florida
oh that's interesting
so i own a home in Pensacola
and uh let's see we are to compare homes correct
okay yeah
uh
my home is well is typical for the area i live in a development uh it's a relatively i would say
oh well God it sounds like sounds like i'm bragging
no that's okay
no it's upper middle class uh kind of an environment it's a
okay
two
story
colonial which my wife and i designed
oh that's neat
uh it has around thirty two hundred square feet
wow that's large
uh
five bedrooms and so forth and so on
and it is i would imagine in terms of
of size and so forth it's relatively typical for the area it might be
i would say it's probably midsized for the area there are some smaller and there are several you know several larger
um-hum
and uh
but in
based you know in terms of you know in in Pensacola in that area of Florida
it uh
it's what now it is uh
probably
ten years old
oh well that's not too bad that's still fairly new
yeah
and so it's
in terms of cost and and and size and so forth it uh
the house you know housing there is extremely affordable and uh compared to other parts of the country you know let's say compared to Maryland
that same house here would probably cost three quarters of a million dollars but
well
oh you're kidding
well do you mind if i ask what it's worth down there i mean what it's
i really haven't i really haven't uh
when we built it ten years ago
it was it ran around a hundred and forty thousand dollars
okay
so i i would have really i haven't really priced you know in the market so i
huh
it it sounds like i mean from the way you described it a home like that here would be at least two hundred and fifty thousand
um-hum
i mean Dallas is a very marked up area although right now it's a lot lower um because of all the layoffs and everything the economy around here is real poor
um-hum
i thought that was on the upswing again now
well no not really
um-hum
um
the area itself uh the Fort Worth Dallas area um has
become become kind of depressed because there's been so many layoffs with big companies including Texas Instruments um there's been tremendous amounts of of uh layoffs
yes
so really housing is real bad the economy itself around here is not too terribly bad but housing is still real bad
um-hum well Pensacola has
yeah
it's really is a buyer's market there now and it isn't because of the well there is been a lot of speculative building
yeah this is
oh
uh i don't know perhaps not in Dallas but uh i'm sure people in uh you know in uh Galveston and so forth would be knowledgeable about it uh Pensacola is a Navy town
uh-huh
and home porting was a possibility a few years ago
oh
they were expecting an influx of
something on the order of fifty thousand people or more from the Navy a new carrier was coming in and uh
wow
the uh attendant uh support vessels well that's no longer
so do you think it was overdeveloped then
the case
oh it's it is i mean the the number of single family units on sale
is phenomenal compared to the population
wow
and so uh overbuilding is it it has been a real problem there
um
so you can still get a get a a good good house for a very very reasonable price and i mean good i would let's say typical
say three bedroom uh two and a half baths
on a half acre or so of land uh
reasonable construction would probably run you uh
right now anywhere between
somewhere between a hundred and a hundred and forty thousand dollars
um yeah that's
and probably perhaps cheaper depending upon the neighborhood so
yeah
what about your home
that's well right now we're just renting but it is a home um
um-hum
it's a four bedroom home it has about i guess eighteen hundred square feet it's on one floor
um-hum
uh we have no basement i don't know if Pensacopla okay i wasn't sure most of the ones you know know up north and everything do but um anyway
no nor nor do we but
um
it's uh it's pretty also pretty typical for the area most of this area was developed uh this house was built in seventy four
um-hum
so most of the it's almost twenty years old and most of the houses around here were built pretty much the same style uh we have a friend that lives two blocks over and his house is almost identical to us except his is three bedrooms and ours is four
um-hum
but otherwise the layout is pretty much the same so i i think most of them are
there was it like most areas that are built um there were probably like two or three styles you could choose from
right
and and uh that's pretty much all the houses in the area
uh for probably
a square mile i'd say at least maybe even a little bit more than that
w ell the housing here in Maryland is just atrocious and in in the entire DC area i'm i'm only about uh
twelve miles or so from the
uh border of Washington DC
and Montgomery County Maryland is probably one of the most expensive
where are you in relation to Sevren are you close to Sevren
places to
no we are west Sevren is East near the Eastern Shore if i had
oh okay
well i just my i have a sister that used to live in Sevren and they bought their home in i i want to say like around
um-hum
nineteen seventy five or something like that and they paid like they they had it built from you know they they designed it and everything
and to have it built they only paid forty thousand for it and when they left the area they sold it for a hundred and twenty thousand so i
oh that's not unusual yeah
yeah so i just wondered you know if the whole area was like that or
well that's that area over there is not as expensive as in the the immediate you know Washington area
um-hum
and so we uh
i was just looking for example there is a uh
condominium complex next to the apartment complex where i live and i was over there recently looking at the possibility of buying a two bedroom condominium
and
ninety two thousand dollars
for two bedroom which is essentially a two bedroom apartment
um
now it was very nicely done
yeah sounds like a lot of money though
yes i i can't i can't envision spending that much money uh and
for
on on something along those lines so you know it's you i guess you pay the piper but
yeah
right
plus the the the phenomenal taxes around here are phenomenally high uh
oh yeah
uh for the and so you on that it's not unusual for example for somewhere around here on a on an on a
what we would you know what you described as your house and what i would describe as my house say for example in Pensacola Florida on that house
with the homestead exemption and so forth and so on
might pay three or four hundred dollars a year taxes maybe maybe you know maybe a little bit higher than that now
wow yeah
that's
but that same house here you'd pay almost six thousand dollars a year taxes on it
wow wow that's pretty
so it's uh
so the question of whether to buy here or move to another county say drive
twenty more miles north buy a condominium for approximately uh the same price maybe a little lower
but the taxes would be you know
perhaps maybe one third uh of
really
that much of a difference uh wow
oh absolutely
you know so
that's
it's it's really sad
yeah
this is one this is one of the most highly taxed areas in the country
wow why is that do you know i mean
well they it uh
the their they do have an extremely good such things as extremely good school systems for example it has one of the best school systems in the country
um-hum
uh and because the cost of living around here is so high public employees make great salaries around here
oh
well
i was reading just recently where the typical administrator in the Montgomery County
Public Schools makes
and and and i'm not this is uh the figure he makes eighty thousand dollars a year
my goodness wow
that's and i by administrator i i think i mean i they didn't they did not define it but for example a curriculum supervisor or principal or
someone you know in that uh in that range
