Who in the world would buy or sell a house in the DMV right now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a family member at Amazon and I definitely would not be buying a house right now if I worked there is all I’ll say.

?? Amazon isn’t reliant on the government. If anything, they will be lobbying for tons more govt business.

Amazon has publicly stated they plan to aggressively pursue lay offs. “Flatten the mgmt layer” or so they say. That’s why they pursued RTO so hard.

A kid (22) we know got a job at Amazon for 140k 3 years ago. After 2 years they laid him off. After being diligent all his life studying CS, doing what he’s was told to do to get ahead, he still got no job security. He decided he was done, for now. A year ago he moved to Asia, a guess to bum around.

Amazon is well known to be a churn and burn outfit, especially on the AWS side. Many people go in knowing it’s going to be temporary, they just want it on their resume.

DP. I don’t blame the kid for taking the job but Amazon is definitely churn and burn.

That said, I have friends who work there and have survived for years (so far) so it might be possible to thread the needle for a while.

Amazon and big tech is ruthless with layoffs. They're all cutting. That doesn't mean you can't buy a house. You just buy with a budget that is manageable even if you were let go or had to take a big pay cut. DMV couples with an amazon spouse and fed spouse is so common.

The issue with their homebuying plan is that the amazon spouse was already nervous and now fed spouse more nervous - so they go from still pretty good about still buying their target $1.5M house to then nervous to very nervous since it seems like there might be a situation where both are unemployed 6 months from now. They can still of course buy - it just is mentally tougher to swallow that pill than it might have been 4 weeks ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Do you not get it? There is no RTO. They are laying off people. They were hoping people wouldn't come back. They are laying off government workers and ending contracts. DOGE is providing real time updates of the contracts they are ending by the hour.

It's awesome.

It’s really not. We’re losing decades of deep knowledge and talent that we likely won’t be able to rehire. Sure, there might be some lazy feds here and there. But do we really want FBI, CIA, NSA, etc. employees with years of specialized and critical experience to be fired because some ketamine-addicted billionaire is feeling himself? Get real.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Do you not get it? There is no RTO. They are laying off people. They were hoping people wouldn't come back. They are laying off government workers and ending contracts. DOGE is providing real time updates of the contracts they are ending by the hour.

It's awesome.

You're a terrible person.

[Anonymous]

From the washington post:

Private-sector employers and nonprofits are starting to lay off workers as a result of the Trump administration’s sweeping cuts and funding freezes, unleashing a wave of job losses that economists say could pick up steam in the coming weeks, threatening the broader labor market.

The tally appears to be around several thousand private-sector jobs lost in the past two weeks since federal funding cuts and freezes took hold. More than 7.5 million Americans work in jobs directly connected to the federal government, according to the Brookings Institution, as contractors or grant workers — some of whom are already out of a job. And there are millions more who work in positions indirectly connected to federal funding delays.

So far, the fallout includes rescinded contracting jobs in Fayetteville, North Carolina, and Austin; layoffs at an independent-living facility in West Virginia that relies on federal funding to pay staffers; and furloughs at after-school programs in Maine and community health centers in Virginia facing federal funding delays.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a family member at Amazon and I definitely would not be buying a house right now if I worked there is all I’ll say.

?? Amazon isn’t reliant on the government. If anything, they will be lobbying for tons more govt business.

Amazon has publicly stated they plan to aggressively pursue lay offs. “Flatten the mgmt layer” or so they say. That’s why they pursued RTO so hard.

A kid (22) we know got a job at Amazon for 140k 3 years ago. After 2 years they laid him off. After being diligent all his life studying CS, doing what he’s was told to do to get ahead, he still got no job security. He decided he was done, for now. A year ago he moved to Asia, a guess to bum around.

This field had been unstable for decades. It started with massive outsourcing and then a flood of H1Bs. Plus VC funds directed towards startups that collapse a few years later.

[Anonymous]

Anonymous wrote:From the washington post:

Private-sector employers and nonprofits are starting to lay off workers as a result of the Trump administration’s sweeping cuts and funding freezes, unleashing a wave of job losses that economists say could pick up steam in the coming weeks, threatening the broader labor market.

The tally appears to be around several thousand private-sector jobs lost in the past two weeks since federal funding cuts and freezes took hold. More than 7.5 million Americans work in jobs directly connected to the federal government, according to the Brookings Institution, as contractors or grant workers — some of whom are already out of a job. And there are millions more who work in positions indirectly connected to federal funding delays.

So far, the fallout includes rescinded contracting jobs in Fayetteville, North Carolina, and Austin; layoffs at an independent-living facility in West Virginia that relies on federal funding to pay staffers; and furloughs at after-school programs in Maine and community health centers in Virginia facing federal funding delays.

This sounds like a Democratic plot to destroy the economic base of red states.

I also liked the quote from the guy in central VA...I didn't expect a Trump win would cause me to lose my job. Doesn't say he voted for him, but you can infer it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just wrapped up a bidding war with three cash offers and two offers with over 50% down payments on a $1,370,000 house. My clients sold and another agent's clients bought and four other people want to by.

Okay but us contractors are getting laid off in droves. I expect in a few months people will be selling their homes.

I hope there are a lot in Arlington because we have very low inventory right now. We are following one house that is coming on the market next week. We already have a pre-inspection lined up for the earliest time possible and will submit an offer right after that with a shock clock. If we don't get that house, do you think we should wait until there are more layoffs?

[Anonymous]

Anonymous wrote:Speculators. I would absolutely buy a house or two if I am getting it at a bargain price in desirable neighborhoods.

Wait -- is this a reappearance of The Shark who was going to sweep up houses last year as soon as the prices fell after the commission rulings were announced?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wrapped up a bidding war with three cash offers and two offers with over 50% down payments on a $1,370,000 house. My clients sold and another agent's clients bought and four other people want to by.

Okay but us contractors are getting laid off in droves. I expect in a few months people will be selling their homes.

I hope there are a lot in Arlington because we have very low inventory right now. We are following one house that is coming on the market next week. We already have a pre-inspection lined up for the earliest time possible and will submit an offer right after that with a shock clock. If we don't get that house, do you think we should wait until there are more layoffs?

I would wait.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wrapped up a bidding war with three cash offers and two offers with over 50% down payments on a $1,370,000 house. My clients sold and another agent's clients bought and four other people want to by.

Okay but us contractors are getting laid off in droves. I expect in a few months people will be selling their homes.

I hope there are a lot in Arlington because we have very low inventory right now. We are following one house that is coming on the market next week. We already have a pre-inspection lined up for the earliest time possible and will submit an offer right after that with a shock clock. If we don't get that house, do you think we should wait until there are more layoffs?

I wouldn't rush into it and give it a quarter. But if you like this house and its a price you are comfortable with, then go for it. If you'll live there for 10+ years, a $100K price correction doesn't matter as much as if you think its a home you think you'll only stay in for 5.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wrapped up a bidding war with three cash offers and two offers with over 50% down payments on a $1,370,000 house. My clients sold and another agent's clients bought and four other people want to by.

Okay but us contractors are getting laid off in droves. I expect in a few months people will be selling their homes.

I hope there are a lot in Arlington because we have very low inventory right now. We are following one house that is coming on the market next week. We already have a pre-inspection lined up for the earliest time possible and will submit an offer right after that with a shock clock. If we don't get that house, do you think we should wait until there are more layoffs?

I would wait.

What size house are you looking for?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I just watched two homes in Lake Barcroft, and one in Ravenwood go under contract in less than a week in 22044 which is a great zip zip code, but controversial for many because the Justice school pyramid is has a lot of ESOL. Clearly there are people who want to be close to DC, Amazon, Tysons, and other close-in areas who feel confident dropping $1.1-$1.6M.

Well, twitter is professing doom and gloom for DC and enjoying their fellow Americans losing their jobs so far. I think they expect fed tax refunds and no more federal taxes hoping all that's needed for this to happen is "drain the swamp", e.g. having fellow Americans lose their jobs and having to relocate.

^^^
What kind of stupid non sequitor is this? I commented on three homes going under contract in a controversial zip code and you responded with a comment about people hoping DC goes under? Makes no sense. My point is that some people feel comfortable buying. Personally I think abruptly terminating jobs and spending could tip off a global economic crisis but that still doesn't change the fact that people are buying nice homes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Do you not get it? There is no RTO. They are laying off people. They were hoping people wouldn't come back. They are laying off government workers and ending contracts. DOGE is providing real time updates of the contracts they are ending by the hour.

It's awesome.

It’s really not. We’re losing decades of deep knowledge and talent that we likely won’t be able to rehire. Sure, there might be some lazy feds here and there. But do we really want FBI, CIA, NSA, etc. employees with years of specialized and critical experience to be fired because some ketamine-addicted billionaire is feeling himself? Get real.

Eh. As someone once said to me, the institutional experts of the "trust the experts" classes told us men could be women and funded gain of function research in a certain lab in China and thought it was a good idea to have bioweapons research labs in Ukraine and that it wouldn't freak out the Russians. Them's the experts for ya!

[Anonymous]

Anonymous wrote:I just watched two homes in Lake Barcroft, and one in Ravenwood go under contract in less than a week in 22044 which is a great zip zip code, but controversial for many because the Justice school pyramid is has a lot of ESOL. Clearly there are people who want to be close to DC, Amazon, Tysons, and other close-in areas who feel confident dropping $1.1-$1.6M.

I love Lake Barcroft but didn't buy there due to same reason above. It is about time they need to clean up ghettos from there.

[Anonymous]

Demand for SFH in this area is crazy high and prices won't come down. Worse to worse, condos would take some hit.