Category Archives: Employment

Bethesda (as part of Washington, DC Metro area) Ranked 4th Best Place to Live

The Washington, DC Metro area (which of course includes Bethesda) was just ranked the 4th best place in the US to live by U.S. News and World Report. As a resident that probably feels about right – if we had a beach we would be number 1!

What is also worth considering is that we are also among the very top places in the country to invest in real estate.

So in combination – you can buy a property in a place where you should enjoy living and if you move, you will very likely have a good investment.

Take a look at the rest of the article (some useful bits in it including the important point that experiences [and I believe investment return] will be neighborhood dependent).

Happy to discuss real estate data, local markets etc. any time — email me at raj@rajabout.com or call (240)486-3921

Investor Article 2017

Hi friends,

I am planning on writing a series of real estate investor articles this year for my client base. I will go ahead and post the ones with some relevance to Bethesda here. The first one, below, looks at the connection between Russian cyber attacks and real estate investment. Puzzled? Well read on and all will be revealed!

 

Russian Cyber Hacking and Real Estate Growth: Washington, DC Metro Market Investor Column 2017

The 2016 election campaign is finally, thankfully, over but as anyone paying attention to the news will know, the fallout continues. While the post-election discussions taking place are animated and wide ranging, there is one area in particular that should be of interest to real estate investors, namely the focus on Russian cyber actions during the election.

Puzzled? Trying to determine why those two subjects should be in the same sentence?

Well, consider what happened to the Washington, DC metro market after the horrific 9/11 attacks; the government massively increased its national security/ military/ intelligence spending and that drove economic growth in the region for several years. This growth had a positive effect on prices and some, including me, would argue allowed the Washington, DC metro market to ride out the Great Recession better than the rest of the country.

Now, post-election, cyber security seems to be positioned as the new “hot” issue for government action. Policymakers of all stripes are starting to recognize that other countries have developed significant capabilities in this area. If past is prologue, the natural response will be to dramatically increase spending to ensure that the US is the dominant country in the cyber/ national security space in the years to come.

Some commentators may be surprised at the suggestion that cyber security growth will take place in the Washington, DC metro area and not in Silicon Valley or even some of America’s emerging tech hubs. First, I do not want to suggest that there won’t be growth in those areas, clearly there will be. However, the DC metro area already has a thriving tech industry (it has been called the Silicon Valley of the east for a number of years) and can collaborate on cyber security with its neighbors in government/ intelligence and the military. This geographic proximity and intersection, combined with a highly educated workforce, ensures the DC metro market is perfectly positioned to lead the cyber actions job revolution. My belief, shared by others, is that the leadership in this sector will come from the DC metro area.

As the funding increases and these jobs come online (literally and metaphorically), the pressure on housing and house pricing will grow. The beneficiaries of this uptick in economic activity should be real estate investors, home owners and others involved in the real estate sector.

Of course, as in life, nothing is guaranteed and there are details to be parsed out, but I believe that the connection between cyber security and real estate growth should be looked at closely.

Warmly,

Raj

This note is part of an occasional series of investor related pieces that I produce for clients and prospective clients. I appreciate receiving feedback and welcome the opportunity to discuss any aspect of the US real estate market with you or individuals in your network. I can be reached at (240)486-3921 or raj@rajabout.com

All information in this paper (and the associated series of papers) is presented in good faith but its accuracy is not guaranteed. The author, Raj Purohit, is a licensed real estate salesperson in Virginia, Maryland and DC, and is not an attorney (in DC, MD or VA), accountant, financial or tax advisor. The information in this paper should not be used to influence any investment decision. Before making any investment decision, you are advised to consult with legal, financial and tax counsel.

Bethesda Green Internship Fair

I just wanted to take a moment and plug the Bethesda Green internship fair appropriately called “Fields of Green” scheduled for February 9th – more details at Bethesda Green.

DSC00082

 

Happy New Year Bethesda

Dear readers,

I just wanted to take a moment to wish you and your loved ones a Happy New Year!

I have noticed that many pundits, writers etc. have marked the change from 2016-2017 by noting how terrible the last year was and how relieved they are to move into 2017.

My take is slightly different. It is true that there were elections both in the US and around the world that seemed to be filled with negativity but, hidden in plain sight, so many positive things happened last year. Many of these are global and big picture in nature – US carbon emissions dropped, a ninth planet was discovered and Colombia moved closer to peace.

But, in some ways, of equal significance were the millions of positive things that happened much closer to home.

Let me give you three with a local twist:

1. At a local and global level – Bethesda’s NIH started Zika vaccine trials and showed an ability to assist infected people.

2. Bethesda’s Katie Ledecky dominated the Rio Olympic games.

3. Bethesda Green and Bethesda Magazine awarded prizes to groups of individuals and businesses for their contribution to greening our community.

Please email me your thoughts on the best things that happened in 2016 – from the personal to the local to the global.

We will feature the best ones – my email, as ever, raj@rajabout.com

 

 

Niche.com ranks Bethesda No. 89 Nationally

Congratulations to all of the people who make Bethesda their home. Niche.com ranked Bethesda No. 89 nationally in a very detailed study on the top 100 places to live across the country (see here for a searchable site).

Their methodology includes real estate (yay) and a whole lot more besides:

The 2016 Best Places to Live ranking provides a comprehensive assessment of the overall livability of an area at the place level. This grade takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics, and access to amenities in an attempt to measure the overall quality of an area.

It is also important to point out that 11 neighborhoods in Montgomery County made the top 100 list. Congratulations to all their residents!

My day job, as regular readers know, is that of a real estate agent (licensed associate broker in MD and licensed agent DC and VA) and I am very happy to discuss these, and other local neighborhoods, with folks thinking about moving to our area. Feel free to give a call at 240 486 3921.

Cheers!

Some Changes in Content at Bethesda Actually

Friends,

I went to a very interesting meeting earlier this week given by the head of the Friends of White Flint. It got into a lot of details about the new development – matters that will certainly impact our community. Further more, it is also clear that parts of this project are likely to incorporate the “Bethesda North” tag and that we may see, over time, an expansion of what we consider Bethesda including this northern section. SO, here at Bethesda Actually we are going to try and cover bits of the Bethesda North development and will make sure that it is tagged as such.
Cheers!

Maryland Schools: Increasing Class Sizes vs Not Enough Teachers

The Washington Post ran this article today about problems of overcrowding in Maryland schools – with Montgomery County bearing the brunt as the state’s largest school system.  As 200,000 Maryland students headed back to school, growth in classroom size has been pitched against funding difficulties meaning school’s have been unable to hire more teachers, leaving parents understandably anxious.

Concerning Bethesda:

At Ashburton Elementary School in Bethesda, enrollment has grown to 770 this year from 650 last year, mostly in kindergarten and first grade. Principal Charlene Eroh Garran said that she had hired two veteran teachers and two rookies in the past month and had to find new space in the school to accommodate all the students, but she was optimistic that things would work out. Any more and she’ll have to call in the trailers, she said.

Meanwhile, Superintendent Jerry D. Weast, who is retiring in June, undertook a “back-to-school-tour” yesterday marking the final of his 12 years as Superintendent.  He began the day at Bethesda’s Walter Johnson High School.

Read the full article here.

Food, Wine and Company Job Fair

Is actually on Wednesday and Thursday!

Police in Bethesda Looking for New Recruits

police

Ever fancied a career in law enforcement, serving and protecting the rest of us from crime?  If so, this poster on the side of the police department building in Bethesda states that Montgomery County Police Department is now hiring officer candidates as well as 911 specialists.

After browsing the department’s website, the first line of the careers page says:

Due to current fiscal constraints, the County is under a hiring freeze.

I was about to read no further but luckily I kept going.  It appears that this hiring freeze is only in relation to certain positions, and for some roles only internal candidates may apply.  That said, if you’re interested in the above, definitely swing by their website and have a look what’s going.

Food and Wine Company Hiring

Friends, the Food and Wine Company will be hiring today from 10am to 3pm. Spread the word — in this tough economy all job openings need to be promoted.