[speaker001:] okay what uh go ahead and tell me about your home
[speaker002:] well my my home at the moment is an apartment
[speaker001:] oh is that right
[speaker002:] yeah I work here in Germantown but I live in Pensacola Florida
[speaker001:] oh that's interesting
[speaker002:] so I own a home in Pensacola and uh let's see we are to compare homes correct
[speaker001:] okay yeah
[speaker002:] 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
[speaker001:] no that's okay
[speaker002:] no it's upper middle class uh kind of an environment it's a
[speaker001:] okay
[speaker002:] two story colonial which my wife and I designed
[speaker001:] oh that's neat
[speaker002:] uh it has around thirty two hundred square feet
[speaker001:] wow that's large
[speaker002:] 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
[speaker001:] um-hum
[speaker002:] 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
[speaker001:] oh well that's not too bad that's still fairly new
[speaker002:] 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
[speaker001:] well oh you're kidding well do you mind if I ask what it's worth down there I mean what it's
[speaker002:] 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
[speaker001:] okay
[speaker002:] so I I would have really I haven't really priced you know in the market so I
[speaker001:] 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
[speaker002:] um-hum
[speaker001:] 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
[speaker002:] um-hum I thought that was on the upswing again now
[speaker001:] well no not really
[speaker002:] um-hum
[speaker001:] 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
[speaker002:] yes
[speaker001:] so really housing is real bad the economy itself around here is not too terribly bad but housing is still real bad
[speaker002:] um-hum well Pensacola has
[speaker001:] yeah
[speaker002:] 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
[speaker001:] yeah this is oh
[speaker002:] 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
[speaker001:] uh-huh
[speaker002:] and home porting was a possibility a few years ago
[speaker001:] oh
[speaker002:] 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
[speaker001:] wow
[speaker002:] the uh attendant uh support vessels well that's no longer
[speaker001:] so do you think it was overdeveloped then
[speaker002:] the case oh it's it is I mean the the number of single family units on sale is phenomenal compared to the population
[speaker001:] wow
[speaker002:] and so uh overbuilding is it it has been a real problem there
[speaker001:] um
[speaker002:] 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
[speaker001:] um yeah that's
[speaker002:] and probably perhaps cheaper depending upon the neighborhood so
[speaker001:] yeah
[speaker002:] what about your home
[speaker001:] that's well right now we're just renting but it is a home um
[speaker002:] um-hum
[speaker001:] it's a four bedroom home it has about I guess eighteen hundred square feet it's on one floor
[speaker002:] um-hum
[speaker001:] 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
[speaker002:] no nor nor do we but  um
[speaker001:] 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
[speaker002:] um-hum
[speaker001:] 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
[speaker002:] um-hum
[speaker001:] 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
[speaker002:] right
[speaker001:] 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
[speaker002:] 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
[speaker001:] where are you in relation to Sevren are you close to Sevren
[speaker002:] places to no we are west Sevren is East near the Eastern Shore if I had
[speaker001:] 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
[speaker002:] um-hum
[speaker001:] 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
[speaker002:] oh that's not unusual yeah
[speaker001:] yeah so I just wondered you know if the whole area was like that or
[speaker002:] well that's that area over there is not as expensive as in the the immediate you know Washington area
[speaker001:] um-hum
[speaker002:] 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
[speaker001:] um
[speaker002:] now it was very nicely done
[speaker001:] yeah sounds like a lot of money though
[speaker002:] yes I I can't I can't envision spending that much money uh and
[speaker001:] for
[speaker002:] on on something along those lines so you know it's you I guess you pay the piper but
[speaker001:] yeah right
[speaker002:] plus the the the phenomenal taxes around here are phenomenally high uh
[speaker001:] oh yeah
[speaker002:] 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
[speaker001:] wow yeah that's
[speaker002:] but that same house here you'd pay almost six thousand dollars a year taxes on it
[speaker001:] wow wow that's pretty
[speaker002:] 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
[speaker001:] really that much of a difference uh wow
[speaker002:] oh absolutely you know so
[speaker001:] that's
[speaker002:] it's it's really sad
[speaker001:] yeah
[speaker002:] this is one this is one of the most highly taxed areas in the country
[speaker001:] wow why is that do you know I mean
[speaker002:] 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
[speaker001:] um-hum
[speaker002:] uh and because the cost of living around here is so high public employees make great salaries around here
[speaker001:] oh well
[speaker002:] 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
[speaker001:] my goodness wow
[speaker002:] 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