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Reply to "Should We Be Scared--Housing Prices Tied to the Federal Government? "
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[quote=Anonymous]I'm one of the posters who complained here about low inventory. Looking for a home in Clarendon. We finally found one we like at the top of our price range. But now I'm getting cold feet. Every day NPR has a segment on sequestration and how it would destroy the local economy. And even if sequestration didn't happen, it seems like the federal government will have to do some belt tightening some time. while that may be a good thing, that makes me very worried about housing prices here. I think back to just a decade ago when NoVa was dirt cheap. It seems crazy that now it's full of million dollar homes. Maybe our market now is an aberration? Is our $1.4 million dollar house the result of a bubble? Paralyzed by indecision. What do you think, sages of DC Urban Moms? Are you worried about home prices in the NoVA area? Why or why not?[/quote]
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