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A Place to Live or Flee??

By
Real Estate Agent with Long & Foster Real Estate, Inc.

Are you looking for a place to live or flee?  Everyone wants to live somewhere where you can have easy access to your job, or a place where you can enjoy the natural resources

and that is safe for all those that you love.  This vision also includes a place that provides the highest income potential along with the lowest expenses possible.  My question to you is this, does relocating to Maryland provide this utopia for its current and prospective residents?  We are home to various waterways and mountains and enjoy the benefits of bordering the most influential city in America, Washington DC.  Maybe on the surface we do have it all but recently our own Governor O’Malley announced that he wants to reduce the mortgage interest deduction for our residents whose federal adjusted gross income is over $100,000.  I can see it now, we will no longer be known as “The Old Line Stateour new motto will be “The new tax state”.  Does this make Maryland a place to live or flee?   

                                                                                                            

An article by The Washington Post quotes Governor O’Malley’s spokeswoman, Raquel Guillory, as saying “It’s about fairness, and it’s about putting the state on the right path and resolving the structural deficit”.  Hmmm…a budget shortfall and your answer to that is to tap into homeowners who have had unimaginable equity losses, job losses and record breaking foreclosures.  Really?    

 

According to the latest Census data, the percentage of households that make over $100,000 in Charles County is approximately 43%, Calvert County is approximately 44% and St. Mary’s County is approximately 36%.  I can’t imagine what the numbers are for Montgomery County or Anne Arundel County but in my area, over a third of us are going to be affected by this hidden tax hike. 

 

I believe that Maryland is a great place to live.  I personally am hoping that other people in the country look at our state and all that it has to offer, and want to relocate here too.  I don’t believe that increasing the cost to live here is going to bring us new businesses or new homeowners.  In fact, policies like these are the reason why California residents are fleeing from the state and the same thing is going to happen here.  People who live here are going to move out and people who are moving here are going to find other places to live.  Can Maryland really afford that? crabsLet’s put policies into place that will make relocating to Maryland as attractive as enjoying our blue crabs, oysters and the other natural resources  and that make Maryland the place to live and not flee!! 

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Stacey Cousineau, e-Pro, GRI, SSC

Long & Foster Real Estate, Inc.

www.staceycousineau.com

Cell:  240-416-9268

Broker:  301-843-3600

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