ripple effects from government employment/contracting uncertainty in DMV economy?

[Anonymous]

I’m cutting out restaurants, books, pet grooming, pedicures, furniture purchases, some planned home renovation, replacing some light fixtures, some clothing expenditures, and travel. That’s just off the top of my head.

[Anonymous]

Thousands of people are being fired today and yesterday. I can't imagine this wouldn't show up in the unemployment numbers for the area. Contractors are losing money and laying people off.

[Anonymous]

A friend of mine is a low-end real estate agent, his company buys distressed and foreclosed properties. He is already seeing an uptick in business.

[Anonymous]

I pretty much refuse to spend any discretionary money at this point. No eating out, all home renovations on hold, less to no leisure on weekend that requires a ticket, no birthday parties this year. Talking to fellow feds, everyone is doing something similar.

[Anonymous]

Anonymous wrote:My massage therapist is a Trump supporter, she claimed he will be good for small businesses. Past Sunday I scheduled a same day appointment because of some back issues and the place was empty (previously she barely had any open slots), she was very stressed because people have started cutting back on discretionary spending. I was thinking later on that people like her didn't think of anything or anyone else beyond their own myopic gains, now she can join feds and feel the pain of financial stress. I have no sympathy.

This scenario will be replayed everywhere for many people in the coming months and years. I also have no sympathy for these people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My massage therapist is a Trump supporter, she claimed he will be good for small businesses. Past Sunday I scheduled a same day appointment because of some back issues and the place was empty (previously she barely had any open slots), she was very stressed because people have started cutting back on discretionary spending. I was thinking later on that people like her didn't think of anything or anyone else beyond their own myopic gains, now she can join feds and feel the pain of financial stress. I have no sympathy.

This scenario will be replayed everywhere for many people in the coming months and years. I also have no sympathy for these people.

I won't find glee in Republicans suffering because of their own shortsightedness, but my empathy for people who voted to touch the stove again after witnessing everything Trump did in his first term is very, very limited.

[Anonymous]

Accountants who transfer money to offshore accounts and criminal defense attorneys will keep the local economy afloat.

[Anonymous]

Anonymous wrote:Thousands of people are being fired today and yesterday. I can't imagine this wouldn't show up in the unemployment numbers for the area. Contractors are losing money and laying people off.

DOGE won't be publishing employment numbers anymore, or if they do, they won't be trustworthy.

[Anonymous]

Took my pet to the vet today. He told me that they had the slowest January they've had since 2017. No one is willing to spend the money on things like dog vaccinations.

[Anonymous]

Anonymous wrote:Took my pet to the vet today. He told me that they had the slowest January they've had since 2017. No one is willing to spend the money on things like dog vaccinations.

This breaks my heart. But as much as I want a pet right now, the expense is definitely turning me off.

[Anonymous]

Whole DMV is screwed. It's not just feds. You understand this wipes out a ton of highly paid lobbyists, lawyers, NGO workers, contractors, etc. the list goes on. Guess what, that also means they spend a lot less now on restaurants, home renovations, replacing rooves, buying cars, etc. etc. The effects will ripple down and obliterate the DMV economy. Everyone complained about the cost of home repairs and upgrades. Well, that may no longer be a problem since contractors are about to get slammed due to lack of spending/work. Restaurants are going to be obliterated. Commerical RE will tank too. It is domsday.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thousands of people are being fired today and yesterday. I can't imagine this wouldn't show up in the unemployment numbers for the area. Contractors are losing money and laying people off.

DOGE won't be publishing employment numbers anymore, or if they do, they won't be trustworthy.

While they should, the market will eventually react. You can’t hack the market forever with fake data. When they lose credibility, they won’t be able to claw back either. Canada, Mexico, and Europe have no reason to trust at this point, it’s not going to end well until we get these fu(kers out.

[Anonymous]

Anonymous wrote:Whole DMV is screwed. It's not just feds. You understand this wipes out a ton of highly paid lobbyists, lawyers, NGO workers, contractors, etc. the list goes on. Guess what, that also means they spend a lot less now on restaurants, home renovations, replacing rooves, buying cars, etc. etc. The effects will ripple down and obliterate the DMV economy. Everyone complained about the cost of home repairs and upgrades. Well, that may no longer be a problem since contractors are about to get slammed due to lack of spending/work. Restaurants are going to be obliterated. Commerical RE will tank too. It is domsday.

Somewhere in South Carolina there are 25K fed jobs.. Let's see how much MAGA crowd cheers on their own losing jobs. Right now there is a lot of nasty propaganda on X about how DC RE listings are exploding in the last 14 days. Must be "draining the swamp" and everyone cheering on. The reality is that maps for every other metro area I checked look the same, tons for sale. It will certainly be a local recession like it was in every area with a lot of Banking sector jobs in 2008, but areas of foreclosures did much worse, poorer demographics fair far worse, so this job cutting will hit areas outside of DC just the same with people more vulnerable than lawyers here (who are now even busier than before) and IT people who can find remote jobs in private sector and will now be competing with all the idiots cheering on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Whole DMV is screwed. It's not just feds. You understand this wipes out a ton of highly paid lobbyists, lawyers, NGO workers, contractors, etc. the list goes on. Guess what, that also means they spend a lot less now on restaurants, home renovations, replacing rooves, buying cars, etc. etc. The effects will ripple down and obliterate the DMV economy. Everyone complained about the cost of home repairs and upgrades. Well, that may no longer be a problem since contractors are about to get slammed due to lack of spending/work. Restaurants are going to be obliterated. Commerical RE will tank too. It is domsday.

Somewhere in South Carolina there are 25K fed jobs.. Let's see how much MAGA crowd cheers on their own losing jobs. Right now there is a lot of nasty propaganda on X about how DC RE listings are exploding in the last 14 days. Must be "draining the swamp" and everyone cheering on. The reality is that maps for every other metro area I checked look the same, tons for sale. It will certainly be a local recession like it was in every area with a lot of Banking sector jobs in 2008, but areas of foreclosures did much worse, poorer demographics fair far worse, so this job cutting will hit areas outside of DC just the same with people more vulnerable than lawyers here (who are now even busier than before) and IT people who can find remote jobs in private sector and will now be competing with all the idiots cheering on.

I’m sure the felon and F-Elon want red states to collapse so they can buy foreclosures and then resell them with subprime loans. No more CFPB. More $$ for them.

[Anonymous]

He brought his mother to the Dimon meeting?! What’s with all the Linus security blankets?! Mom, toddler son? 😵‍💫