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I am pretty pessimistic and think #1 in the short term, people will initially flee and we’ll see spending down/houses going below previous market price.
However, I don’t think a complete apocalypse will happen here and that is because we have one of the most robust transit systems in the country, are on the East coast accessible to other large and mid size cities, we have all the monuments, we have an international airport. Someone will eventually swoop in and rebuild it. Which is why we are trying to hang on to our Arlington SFH with 2.75% interest rate as long as we can (so long as we keep 1 job we can keep a roof over our heads even if money is tight). I don’t want to give up our community we love and then have someone else reap the rewards of the rebuild. |
i love that it's always "within exact DC city limits, it is crime-infested and apocalyptic, but the suburbs are fine." |
| DC is not going to decline across the board or that precipitously. There will be some softening of prices in the areas with lots of affected employees, but even if those prices decline 20%, we are still at very high values. And lots of people have affordable mortgages. The number of laid off employees is simply not high enough to crash the economy. On top of that, there is a ton of money coming in to contractors, and the commercial RE owners are big Republican supporters, and Trump is not going to want to kill their business. |
It’s ridiculous to assume that a “crime infested” apocalyptic cityscape where there are no jobs will not have a negative impact on close in areas. |
You underestimate it. What he has been able to do to dismantle our government and our relationships with the rest of the world since his election is proof of that. He is just getting started. |
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He will basically rule from Mar-a-lago and expect everyone to come there.
https://www.palmbeachpost.com/story/news/trump/2025/01/17/trump-to-spend-more-time-at-mar-a-lago-palm-beach-florida/77666771007/ |
If you read it and understand it, it's not at all what it means. Suburbs are not uniform, they vary by SES as they did before. Same is true for the inner city areas. The post refers to these differences saying that areas with higher SES or those that had always been areas of higher SES even decades before would fair better. It's common sense. |
| Without taxpayers paying taxes, I don’t see how metro can survive. |
He is getting started with the most radical things first because you need to grasp the momentum. Otherwise you allow your resistance to mobilize from every side and new resistance form, and it can paralyze you. The strategy with this term is very different than with the previous term. It's also more chaotic. It's why there are 4 possible scenarios or more because anything can happen. But I do not believe he is just getting started. |
It will depend on how many taxpayers depart. We don't know this yet. With massive job cuts it's not clear where people are located who are most impacted. And there are many who aren't as impacted as to force their move out of the area if they have other sources of income or retired. |
Or tourism. If he and Musk cut staff and funding to maintain historical monuments, museums and buildings and move government activities out of DC, what will be there to attract tourists? |
DC will become one of the Tech Bro fiefdoms. Trump will remain as Chairman of the Board with Elon remaining as President. |
He is an old man and hates the cold. |
You’ll see. |
Ruins.. It might make for a certain type of niche tourism, you would be surprised.
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