Where are the people who said prices would plummet when the fed layoffs were announced?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

How many feds did you think could afford those homes? Many rent, or own suburban townhouses, or commute from the exurbs. I know multiple feds who commute from WV or from places like Triangle.

The few who have homes close-in typically have a non-fed spouse who can support that payment.

This is just not true. Many feds can afford to live close in. It depends on who you are speaking about but there are a lot of high earning feds and they live close in.

[Anonymous]

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

[Anonymous]

Suburb prices in Maryland did cool substantially due to no telework. It’s picking back up now slowly

[Anonymous]

Anonymous wrote:

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

I wonder where those people are now, sitting on the sidelines year after year since 2021, calling everyone who was buying fools, waiting for a 'real estate bubble' to pop that never happened and isn’t going to happen where they can afford to buy. If you're still here waiting, what's your crystal ball is saying

[Anonymous]

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

That's what my friend thought, too. She sold her second home in the Town of Vienna below asking price. Had she waited until this year, she probably would have gotten at least $200,000 more for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

That's what my friend thought, too. She sold her second home in the Town of Vienna below asking price. Had she waited until this year, she probably would have gotten at least $200,000 more for it.

That would sting if was in her place

[Anonymous]

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

How many feds did you think could afford those homes? Many rent, or own suburban townhouses, or commute from the exurbs. I know multiple feds who commute from WV or from places like Triangle.

The few who have homes close-in typically have a non-fed spouse who can support that payment.

+1 I'm thinking most of the people who live in DC proper aren't two working regular feds.

[Anonymous]

From the vantage point of Q1 2025, it was reasonable to assign a non-negligible probability that DOGE-fueled job cuts and their knock-on effects would depress DMV home values significantly, even if temporarily. It is possible that no such retrenchment would have taken place if DOGE has succeeded in the maximal version of its project, but we will never know because DOGE simply ended up:

(1) displacing a fairly large number of Feds at the lower end of the pay scale (i.e., the people who are least relevant to SFH demand);
(2) causing or at least encouraging many Feds at the upper end of the pay scale to leave the government for more lucrative jobs (increasing their spending capacity;
(3) absconding with a jaw-dropping trove of government data to be used for private purposes; and
(4) nixing a lot of programs that they did not understand, killing a lot of people in the process and threatening America's primacy in basic science research.

[Anonymous]

It was 2 type of people: 1) Those trying to convince themselves and make themselves feel better about sitting on the sidelines rather than buy good property that always goes up and 2) freaked out liberals that assume every single economic thing is tied to a decision made by Trump.

I say this as a liberal who cannot stand MAGA. But just calling balls and strikes.

[Anonymous]

Anonymous wrote:It was 2 type of people: 1) Those trying to convince themselves and make themselves feel better about sitting on the sidelines rather than buy good property that always goes up and 2) freaked out liberals that assume every single economic thing is tied to a decision made by Trump.

I say this as a liberal who cannot stand MAGA. But just calling balls and strikes.

I remember a MAGA, who was working as a fed contractor in VA running for some local office, had to leave the area because the fed contract was cut by DOGE.

There are actually a lot of fed contractors who reliably vote R because these fed contracts are their bread and butter. I wonder how many were impacted by the cuts. Something about leopards and face eating...

[Anonymous]

I'm not a fed or fed adjacent, but I also thought the housing market would be hit hard. To be fair, it's not has hot as it was preTrump.

The houses in my DC suburb just outside the beltway are going for $1mil+, albeit sitting longer. The people I know who live in my neighborhood aren't feds, though some are fed adjacent. We have a lot of lawyers (non fed), health and IT workers in my area.

[Anonymous]

Anonymous wrote:It was 2 type of people: 1) Those trying to convince themselves and make themselves feel better about sitting on the sidelines rather than buy good property that always goes up and 2) freaked out liberals that assume every single economic thing is tied to a decision made by Trump.

I say this as a liberal who cannot stand MAGA. But just calling balls and strikes.

Yup, I remember the risk-averse types calling everyone an idiot. They thought they were the smart ones, of well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It was 2 type of people: 1) Those trying to convince themselves and make themselves feel better about sitting on the sidelines rather than buy good property that always goes up and 2) freaked out liberals that assume every single economic thing is tied to a decision made by Trump.

I say this as a liberal who cannot stand MAGA. But just calling balls and strikes.

Yup, I remember the risk-averse types calling everyone an idiot. They thought they were the smart ones, of well.

+2 or 3 - we purchased in 2021 because that was the first time it made sense for our family to "settle down". The amount of people who even back then who were scared AF due to covid/economy were quite prominent. Bleeding heart liberal here so nothing to do with politics, just sharing why being chicken little and screaming the sky is falling all the time aren't always the best investment choices.

[Anonymous]

Anonymous wrote:I'm not a fed or fed adjacent, but I also thought the housing market would be hit hard. To be fair, it's not has hot as it was preTrump.

The houses in my DC suburb just outside the beltway are going for $1mil+, albeit sitting longer. The people I know who live in my neighborhood aren't feds, though some are fed adjacent. We have a lot of lawyers (non fed), health and IT workers in my area.

Agree, market is not as hot as it was preTrump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

That's what my friend thought, too. She sold her second home in the Town of Vienna below asking price. Had she waited until this year, she probably would have gotten at least $200,000 more for it.

Second home as in vacation home? Or rental? Just curious, as it's just an unusual place for a "second home."