Why are people still buying houses in the capital?
In Montgomery, a city in northern Virginia, the market is thriving.
But the home buying market has become a magnet for misleading advertising.
In Montgomery, real estate ads claim that people will be able to buy properties in the area with lower taxes and lower rents, without being able to afford the real estate they’re buying.
This is a big lie.
The people who can’t afford to buy a house in Montgomery will only be able pay lower taxes on their property tax bill, so the city will be paying less in taxes.
Real estate companies will also be able sell properties at a much lower price, so people will pay less in rent.
And if people can’t find a home to buy, they will find a cheaper place to live.
Even though there are only 4,400 units in the city, that’s a whopping 6,000 homes that people are selling.
The city has sold its properties to developers at a huge profit, but many people in Montgomery are still living there.
The real estate market in Montgomery is not about saving money.
It’s about taking advantage of people’s greed.
It is a scam.
In 2017, there were 7,000 complaints of false or misleading advertising in Montgomery.
There are more than 40,000 properties in Montgomery, but only about 10,000 of those are actually selling.
And Montgomery has no way of knowing which properties are really being advertised to buyers.
“It’s a scam,” says Robert Stokes, a real estate agent and owner of the Stokes Group, which is helping Montgomery residents deal with this scam.
“People are selling properties at ridiculous prices.”
Stokes says that his company, and other real estate companies, have been helping people sell properties for the past four years.
But because of the high cost of real estate in Montgomery and other counties, he’s had to start paying his own way.
Stokes is now facing a $5,000 penalty on his property tax, and is trying to move the property out of the county.
The county has banned the sale of new homes in Montgomery to people under the age of 26, but Stokes says he still has three homes that are selling for more than $500,000.
He says the real-estate agents who work for him are doing their best to get him out of town.
He has also been receiving phone calls from Montgomery residents who are concerned about his business and want him to sell his properties.
But Stokes believes that people should not feel that their properties are worth more because they are selling them.
If you sell a house for $500k in Montgomery County, it is going to be worth more, Stokes told me.
When I was in Montgomery in 2017, people were selling houses for $250,000, and they would be buying them for $600k, but the people that are buying them at that price are the same people who are not buying them because they can’t save.
For the first time in a long time, Montgomery is starting to see the real consequences of the realtors who are working in this market, and he’s calling it a scam, Stakes says.
I don’t know if the realtor will do what they are supposed to do, but it’s a problem.
Maryland has taken action against some of the top realtor-selling agents in the country, and Stokes is fighting back.
He is suing several agents in Virginia, including the realty company that represents the Stokers Group.
But even after this lawsuit is over, Stills hopes that realtorers in Montgomery may not be able for long to continue to do what he is doing.
Why do we still need realtores?
“Realtorees have a lot of money,” Stokes tells me.
“So they’re going to sell them.”
And people are paying.
Stokes and his company are in the process of starting up a new real estate business.
After selling his properties to people in 2018, Stops is now working with people to help them buy their own properties.
But he says he’s not going to let his business suffer if he cannot sell his own properties to more people.
“We’re going in there with a lot more knowledge than we did four years ago,” he said.
“I’m hoping that we can get a lot fewer people in the county, and a lot less in Montgomery.”