Is there going to be panic selling?

[Anonymous]

Anonymous wrote:

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.

Nice try but most of us are from.those places and we know why we left.

OK. The ivy league colleges are filled with kids from those places. And people there in blue collar jobs can afford houses that don't have nightmare commutes. They can even run their errands without running into long lines, lack of parking, and gridlock everywhere. I like this area too, but I am always surprised when people are too closed-minded to explore alternatives.

Because a few kids getting into Harvard and/or Yale dictates the culture of the place? Lol. No.

Those of us who got out of those places aren't close-minded; more like the opposite -- our minds know the reality, because we were there and experienced it.

DP

[Anonymous]

There may be more foreclosures because there are so many homes that people upgraded to to take advantage of lower interest rates: a low rate is not helpful if your payment is still larger than you can afford on one salary. Could also be true for older homes people took a HELOC out on.

[Anonymous]

Wouldn’t the RTO counter this trend a bit in DC proper? I know of many businesses that closed downtown during Covid. Hopefully those restaurants, bars, businesses will reopen now that most people need to be in the office 5 days a week. Also, with the RTO in place so see more people wanting to live in DC and move closer if they had previously prioritized larger homes in quieter areas because they only needed to commute a couple of days a week.
We also own and react out a few homes in DC and I am worried about people leaving the city.

[Anonymous]

We are almost done paying off our mortgage and have a sizeable emergency cushion. But if we lose our jobs (one fed, one private), we won't limit our job search to the DC area. We wouldn't mind moving somewhere else, and if it happens that we get jobs somewhere else, we'll sell our house and move. No panic involved.

[Anonymous]

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.

[Anonymous]

I think that there might be some initial panic - but I think that things will balance itself out in a few years. There are a lot of people working for or in some way related to this current administration who are looking to buy a home.

[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.

Probably folks who work with USAID.

[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.

Probably folks who work with USAID.

That’s an insignificant number of contractors….and the vast majority work outside the DMV (in fact internationally).

[Anonymous]

RTO will balance out the real estate market in DC or close enough in to commute.

[Anonymous]

Anonymous wrote:

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.

Nice try but most of us are from.those places and we know why we left.

OK. The ivy league colleges are filled with kids from those places. And people there in blue collar jobs can afford houses that don't have nightmare commutes. They can even run their errands without running into long lines, lack of parking, and gridlock everywhere. I like this area too, but I am always surprised when people are too closed-minded to explore alternatives.

Ok but those kids often don't go back. There are obviously other places to live that make people happy. But there are absolutely reasons people leave and lack of jobs is one. If you think cutting the federal workforce means all these DMV people can move to Columbus or Kansas City or Wichita and find jobs you may be surprised to learn that the fascist regime is refusing to pay out contracts to health services in those areas rendering people there without jobs and healthcare.

It really cannot be stressed enough that what is happening to the Feds is going to ripple significantly across the country especially in places which are already struggling.

[Anonymous]

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.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Nice try but most of us are from.those places and we know why we left.

OK. The ivy league colleges are filled with kids from those places. And people there in blue collar jobs can afford houses that don't have nightmare commutes. They can even run their errands without running into long lines, lack of parking, and gridlock everywhere. I like this area too, but I am always surprised when people are too closed-minded to explore alternatives.

Ok but those kids often don't go back. There are obviously other places to live that make people happy. But there are absolutely reasons people leave and lack of jobs is one. If you think cutting the federal workforce means all these DMV people can move to Columbus or Kansas City or Wichita and find jobs you may be surprised to learn that the fascist regime is refusing to pay out contracts to health services in those areas rendering people there without jobs and healthcare.

It really cannot be stressed enough that what is happening to the Feds is going to ripple significantly across the country especially in places which are already struggling.

Well, 82% of all Feds work outside the DMV and even the 18% in the DMV is overstated because there are many that are allocated to DC that actually live 90 miles+ from DC.

[Anonymous]

Landlord in my building are asking $200-$500 more for 1-bedrooms than they should. I wonder if they hope to get some of the people selling their homes.

[Anonymous]

You need new friends, OP. They're excessively dumb.

No, there won't be a recession. No, there won't be a stock market crash. No, there won't be a massive selloff of homes in the area. No, there won't be massive inflation (because Trump can't make tariffs stick).

You forget the sheer incompetency of these people. They're so aggressive that they're overshooting the mark every time into illegal or unconstitutional territory. It takes time for lawsuits to be organized and filed, and it takes time for justice to get handed down, but it WILL happen. Just like the Trump 1.0 Muslim Ban was struck down 90 days after it started.

There is and will be collateral damage, of course. People have been fired, and will continue to be fired. But not in the large numbers your friends fear. Some federal departments will be reorganized and consolidated, DEI will disappear. But in case you didn't know, this has happened multiple times in the past: federal departments come and go. We're regressing, that's for sure, but it's not the end of the world - the pendulum swings both ways and in 4 years there will be a reckoning. In 2 years the midterms will show the strength of the resistance.

[Anonymous]

I doubt it. If you are a fed, you feel like the world around you is crumbling, but (a) many will stay and ride the next 4 years out; (b) many will get private sector or state-level jobs; and (c) many will return to the DMV because of RTO.