Is there going to be panic selling?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes a lot of us just got laid off at the major contractors this week.

Where? I know folks at Leidos, Booz et al and nobody is getting laid off…and those are massive govt contractors.

Yet.

It's clearly obvious that if there are large layoffs and aggressive program cutting, contractor jobs will go away. I can't fathom that people don't understand this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes a lot of us just got laid off at the major contractors this week.

Where? I know folks at Leidos, Booz et al and nobody is getting laid off…and those are massive govt contractors.

Yet.

It's clearly obvious that if there are large layoffs and aggressive program cutting, contractor jobs will go away. I can't fathom that people don't understand this.

+1. Honestly house prices in DC have been too high for way too long. They have not matched other markets. Prize relief in this region is WAY overdue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not nearly as expensive everywhere else. Lots of mid-sized cities that are way more affordable, especially in places that people on this board would call flyover country. Those places are safe, have good schools, and don't have nightmare commutes if you have to live far from your job. Broaden your horizons -- there's more to the world than the DMV.

Flyover country is in fact expensive for the people having the median job in those areas. Those places don’t have much professional work, so not sure your audience.

The NYT did a whole piece about how Kalamazoo MI is now too expensive for people working the average job in that area.

Also, go search local press in places like SD and ND and the cost of housing is a big issue.

Your advice above I guess works for somebody that made a ton of $$$s in the DMV and now can semi-retire or something.

People also forget that those areas don't have large job markets and when disruptions hit, you are sol. There are lots of areas around the country that tout their local tech industry but those jobs have never been secure either. Ask people who worked for the Sprint etc.

[Anonymous]

Let’s be honest - DC kind of sucks

If you are a dem and not “in the game” / gang of 500 , it’s better to sell off and retrench to boston/New England, Seattle, hell even Philly, tri state

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes a lot of us just got laid off at the major contractors this week.

Where? I know folks at Leidos, Booz et al and nobody is getting laid off…and those are massive govt contractors.

Yet.

It's clearly obvious that if there are large layoffs and aggressive program cutting, contractor jobs will go away. I can't fathom that people don't understand this.

+1. Honestly house prices in DC have been too high for way too long. They have not matched other markets. Prize relief in this region is WAY overdue.

Okay.

[Anonymous]

Anonymous wrote:Let’s be honest - DC kind of sucks

If you are a dem and not “in the game” / gang of 500 , it’s better to sell off and retrench to boston/New England, Seattle, hell even Philly, tri state

No there are tons of defensive contractors, non profits that are both republican and democrats, etc. if there is a lot less government there will be a lot less lobbyists.

Trumpers are removing 25% of the GDP of the country and distributing another 30-45%. There will be few jobs with many applicants. Salaries will be greatly reduced and unemployment will be very high(not just in DC). This will cause big recession or worst.

It will take 10 years for everything to settle down. During this time the markets will tank and not rise(lost generation like in the 1970’s). In the meantime the DMV will be a ghost town. Think Detroit or the rust belt.

I do not see the country staying together. It will break up in to regional counties.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The contract work isn’t going anywhere longterm. Elon and Bezos make a ton of money on contracts. Part of the plan is probably to take the federal workforce down to a skeleton crew precisely so contractors like AWS and SpaceX can eat up even more of the spending.

This. Why are these zillionares so close to Trump now and some are looking to buy homes here? DC isn't necessarily a vacation spot for the ultra wealthy. They are here to get closer to the government's teet and divert as much of its flow into their direction.. This is absolutely guaranteed to happen and anyone who uses basic logic can see what's going on. The only question remains whether these new opportunities will be created in DC metro or will be entirely relocated to other areas. My guess is both will happen. They aren't going to trash DC, they will leverage whatever is here as it's also going to save money. People who are already trained, know their way around the systems, infrastructure and offices already existing and empty and waiting, transit system and affluence providing nice things high earning employees are going to appreciate.

I also don’t think Trump is going to be crazy about moving agencies out of DC. A big part of the reason those agencies are in DC in the first place is so they can work with the White House and each other more easily. Spreading them out across the country creates separation from Trump that could limit his control

You're assuming the orange man is logical. He isn't. Elmo isn't running the show. The orange man reacts like a petty child and makes decisions based on retribution. He always makes decisions on the negative. His need to punish and tantrum when anyone blocks a desire of his or anyone points out his stupidity is what rules his life. Don't assume that he has a functioning plan. Just assume he will constantly be looking for a new object or his ire that he will try to destroy. He isn't going to let these tech bros make all the decisions.

[Anonymous]

No! don't be silly. Of course not!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let’s be honest - DC kind of sucks

If you are a dem and not “in the game” / gang of 500 , it’s better to sell off and retrench to boston/New England, Seattle, hell even Philly, tri state

No there are tons of defensive contractors, non profits that are both republican and democrats, etc. if there is a lot less government there will be a lot less lobbyists.

Trumpers are removing 25% of the GDP of the country and distributing another 30-45%. There will be few jobs with many applicants. Salaries will be greatly reduced and unemployment will be very high(not just in DC). This will cause big recession or worst.

It will take 10 years for everything to settle down. During this time the markets will tank and not rise(lost generation like in the 1970’s). In the meantime the DMV will be a ghost town. Think Detroit or the rust belt.

I do not see the country staying together. It will break up in to regional counties.

If I was in defense, I’d rather work in Raytheon and live in concord mass than anything in the dc area

[Anonymous]

I think people will bend over backwards to stay in their houses, especially if they bought before the crazy run-up over the past 10 years and refinanced to a rate in the 2s. They will probably cut everything else before giving up their house so I expect a tight market with almost nothing for sale will continue. Construction is probably dead though.

[Anonymous]

So grateful for my 2% interest rate and $2500 mortgage. We had so many people questioning the area where we bought, why we were buying a modest townhome, etc. Well…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes a lot of us just got laid off at the major contractors this week.

Where? I know folks at Leidos, Booz et al and nobody is getting laid off…and those are massive govt contractors.

Yet.

It's clearly obvious that if there are large layoffs and aggressive program cutting, contractor jobs will go away. I can't fathom that people don't understand this.

+1. Honestly house prices in DC have been too high for way too long. They have not matched other markets. Prize relief in this region is WAY overdue.

No compared to CA

[Anonymous]

Anonymous wrote:One a few houses down from us in Potomac listed for $2.1M on Jan. 30 and was pending by Feb. 2. I’m not seeing the panic yet.

McLean is safe too

[Anonymous]

Let's be honest the last 3 years of job growth was in government. Its not sustainable govt is an expense not income. So we need to shift those folks to the private sector.

[Anonymous]

Anonymous wrote:So grateful for my 2% interest rate and $2500 mortgage. We had so many people questioning the area where we bought, why we were buying a modest townhome, etc. Well…

This. We're hunkering down in our sfh in a less desirable DMV area that we bought so we could pay the mortgage on one salary.