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:People are returning to work in DC in droves. They are looking for close-in homes near DC. After 5 years of working out of the house and moving away, people are returning and moving back.

He is firing 1/2 the federal work force and moving the rest. There are 4 time the number of contractors vs federal employees. Those people are gone. There will be a huge glut of housing as people are forced to sell.

That isn't happening. I'm saying that as a T voter. There will be at most 10% downsizing of the federal workforce.

It'll be 10% of the Federal workforce but significantly more contractors in conjunction. The main savings will come from programs getting cancelled - and then that will ripple over to contractors getting let go.

I thought that the point of firing fed employees was to increase the number of contractors

The point is to save money. They are not going to cut $1m worth of fed employees to then spend $1m on contractors. It’ll be more like $750k, and they’ll also drive the contractors to do more with less. Private sector will take the deal- because what’s the alternative? That means then some contractors get cut, some get squeezed, etc.

A lot of contractors are bloat and should cut down quickly. Agencies need to show that they are letting contractors go to save on feds.

[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.

I am surprised people think there will still be RTO given they are firing so many people.

That would encourage people to resign, take offer or retire if they are eligible.

[Anonymous]

No one in their right mind would buy right now. Sell, yes, to get the hell out of this crazy town.

[Anonymous]

If you’re going to buy, Potomac or bust.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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!

Oh no, you’re r3tarded.

+1000

[Anonymous]

We bought a home in October - got a 2.5% interest rate. Bought well below our means.

It is a beautiful townhome, close-ish in, but in an area people here pooh pooh. We're feeling pretty good about our decision. And the mortgage is easily affordable on a single salary.

[Anonymous]

Anonymous wrote:We bought a home in October - got a 2.5% interest rate. Bought well below our means.

It is a beautiful townhome, close-ish in, but in an area people here pooh pooh. We're feeling pretty good about our decision. And the mortgage is easily affordable on a single salary.

October... 2021?

[Anonymous]

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

lol sure. You really do not understand what is happening. How many private sector jobs do you think the DMV has? The plan is to 1/2 the federal government workforce. Contractors(4 x as many as federal employees) are going to be reduced by 75-85%. Drive the Dulles access road and point out a big building that is not related to government contracting. Oh and defense contractors are on the block.

[Anonymous]

Anonymous wrote:

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

lol sure. You really do not understand what is happening. How many private sector jobs do you think the DMV has? The plan is to 1/2 the federal government workforce. Contractors(4 x as many as federal employees) are going to be reduced by 75-85%. Drive the Dulles access road and point out a big building that is not related to government contracting. Oh and defense contractors are on the block.

You, sir, are smoking crack. If you think the federal workforce will be cut in half in the next 4 years, you are a moron.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We bought a home in October - got a 2.5% interest rate. Bought well below our means.

It is a beautiful townhome, close-ish in, but in an area people here pooh pooh. We're feeling pretty good about our decision. And the mortgage is easily affordable on a single salary.

October... 2021?

No. 2024.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We bought a home in October - got a 2.5% interest rate. Bought well below our means.

It is a beautiful townhome, close-ish in, but in an area people here pooh pooh. We're feeling pretty good about our decision. And the mortgage is easily affordable on a single salary.

October... 2021?

No. 2024.

So you got an assumable rate mortgage. How else did you get a 2.5% rate?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We bought a home in October - got a 2.5% interest rate. Bought well below our means.

It is a beautiful townhome, close-ish in, but in an area people here pooh pooh. We're feeling pretty good about our decision. And the mortgage is easily affordable on a single salary.

October... 2021?

No. 2024.

So you got an assumable rate mortgage. How else did you get a 2.5% rate?

Possible it is a brand new townhome and the builder bought down the rate as an incentive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

lol sure. You really do not understand what is happening. How many private sector jobs do you think the DMV has? The plan is to 1/2 the federal government workforce. Contractors(4 x as many as federal employees) are going to be reduced by 75-85%. Drive the Dulles access road and point out a big building that is not related to government contracting. Oh and defense contractors are on the block.

You, sir, are smoking crack. If you think the federal workforce will be cut in half in the next 4 years, you are a moron.

You’re obviously not paying attention. USAID is being cut from 10,000+ to ~300. Education is next.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

lol sure. You really do not understand what is happening. How many private sector jobs do you think the DMV has? The plan is to 1/2 the federal government workforce. Contractors(4 x as many as federal employees) are going to be reduced by 75-85%. Drive the Dulles access road and point out a big building that is not related to government contracting. Oh and defense contractors are on the block.

You, sir, are smoking crack. If you think the federal workforce will be cut in half in the next 4 years, you are a moron.

I mean right now we are not winning any new business and renewals are being reviewed. If we don't get back to winning work this will be detrimental for contractors. We can't forecast for the future. I don't know how long this period will go on but if it goes through the rest of the year the impact will be huge.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We bought a home in October - got a 2.5% interest rate. Bought well below our means.

It is a beautiful townhome, close-ish in, but in an area people here pooh pooh. We're feeling pretty good about our decision. And the mortgage is easily affordable on a single salary.

October... 2021?

No. 2024.

So you got an assumable rate mortgage. How else did you get a 2.5% rate?

Possible it is a brand new townhome and the builder bought down the rate as an incentive.

Not to say I doubt you but if you got a builder to buy down from 7% to 2.5%, bravo to you. I don't envy folks that feel trapped with their 2% mortgage but boy do I wish I'd been able to buy before we ended up with 6.5%.