Is there going to be panic selling?

[Anonymous]

Anonymous wrote:A lot of national weather service people have been fired/laid off and now the word on the street is, it’s going to be privatized. I wonder if that’s going to be the case for a lot of agencies and if so, will this create more job opportunities here or will automation be the focus.

Probably both. IDK what's going to happen to DC area TBH. It appears that there will be a lot of federal buildings unoccupied and they are likely going to be sold to private industry. What private industry will do with empty buildings in DC may determine the future of the city. I don't believe the city will fall into ruins because MAGA likes to keep up appearances. So, something eventually might be coming to replace some of these lost government related jobs.

[Anonymous]

I do not see the signs of the recession yet. People are out and about dining and shopping like before, everything is packed. This is not the behavior of people experiencing distress about their financial future, at least not yet. Also, I do see more for sale signs that just popped up today, but this is also the usual start of the spring market, which will be more active with the change of administration like it always happens in this area.

[Anonymous]

I do know a couple of homeowners who will be selling because they have other plans in life and use this as an opportunity to "cash out" whatever equity they got through appreciation and get on with the plans that were long in the making. I wouldn't call this "panic selling", more like "time to seize the opportunity". One of them told me they won't be selling for a discount, the goal is to squeeze the most out of the market, and if they don't get the price they want they will stay.

I think cashing out will be happening, but some of this money will remain in the area

[Anonymous]

Govt workers getting huge severance checks should make economy pop!

[Anonymous]

Anonymous wrote:Govt workers getting huge severance checks should make economy pop!

oh sure, because they can get another job super quick, so they can just spend all that severance money and not worry about paying bills.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Govt workers getting huge severance checks should make economy pop!

oh sure, because they can get another job super quick, so they can just spend all that severance money and not worry about paying bills. :roll:

But we have been told that government workers make huge sacrifices working for government and would be snapped up by the private sector.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Govt workers getting huge severance checks should make economy pop!

oh sure, because they can get another job super quick, so they can just spend all that severance money and not worry about paying bills. :roll:

But we have been told that government workers make huge sacrifices working for government and would be snapped up by the private sector.

Let's say google laid off every employee that it has -- about 200,000 -- all in a very short period of time. Do you think every single one would find employment instantly? Now multiply that by five.

[Anonymous]

Anonymous wrote:I do not see the signs of the recession yet. People are out and about dining and shopping like before, everything is packed. This is not the behavior of people experiencing distress about their financial future, at least not yet. Also, I do see more for sale signs that just popped up today, but this is also the usual start of the spring market, which will be more active with the change of administration like it always happens in this area.

That's because the recession hasn't started yet. Wait until unemployment jumps and the stock market goes down 25%. Probably about 6-9 months from now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Govt workers getting huge severance checks should make economy pop!

oh sure, because they can get another job super quick, so they can just spend all that severance money and not worry about paying bills. :roll:

But we have been told that government workers make huge sacrifices working for government and would be snapped up by the private sector.

Sure, but a mass lay off really makes it much harder. Plenty of non laid off feds are currently interviewing for private industry, at least in my agency. When you get a blow like an immediate layoff, it's going to be a lot harder to find a job.

Musk and his minions should have done the Clinton strategy and slowly encourage feds to leave by offering. Early retirement incentives and severance for earlier career staff.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Govt workers getting huge severance checks should make economy pop!

oh sure, because they can get another job super quick, so they can just spend all that severance money and not worry about paying bills. :roll:

But we have been told that government workers make huge sacrifices working for government and would be snapped up by the private sector.

Let's say google laid off every employee that it has -- about 200,000 -- all in a very short period of time. Do you think every single one would find employment instantly? Now multiply that by five.

And, at least for us, the threat of layoff has made us plan to hunker down and definitely not sell our house any time soon. We're taking some savings out of the stock market and trying to pay off our house asap. Have you seen the prices of rent right now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Govt workers getting huge severance checks should make economy pop!

oh sure, because they can get another job super quick, so they can just spend all that severance money and not worry about paying bills. :roll:

But we have been told that government workers make huge sacrifices working for government and would be snapped up by the private sector.

Let's say google laid off every employee that it has -- about 200,000 -- all in a very short period of time. Do you think every single one would find employment instantly? Now multiply that by five.

And, at least for us, the threat of layoff has made us plan to hunker down and definitely not sell our house any time soon. We're taking some savings out of the stock market and trying to pay off our house asap. Have you seen the prices of rent right now?

Why would rent prices go up if there is mass exodus from the area supposedly due to complete lack of jobs and no news of more jobs coming and everyone saying this area is 80% dependent on government spending and nothing else?

[Anonymous]

Anonymous wrote:I do not see the signs of the recession yet. People are out and about dining and shopping like before, everything is packed. This is not the behavior of people experiencing distress about their financial future, at least not yet. Also, I do see more for sale signs that just popped up today, but this is also the usual start of the spring market, which will be more active with the change of administration like it always happens in this area.

This. People are still eating out like crazy. There is no recession. The economy is still booming.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I do not see the signs of the recession yet. People are out and about dining and shopping like before, everything is packed. This is not the behavior of people experiencing distress about their financial future, at least not yet. Also, I do see more for sale signs that just popped up today, but this is also the usual start of the spring market, which will be more active with the change of administration like it always happens in this area.

That's because the recession hasn't started yet. Wait until unemployment jumps and the stock market goes down 25%. Probably about 6-9 months from now.

Stock market isn't crashing. In fact its gonna boom once they cut the rates again.

[Anonymous]

Anonymous wrote:I do not see the signs of the recession yet. People are out and about dining and shopping like before, everything is packed. This is not the behavior of people experiencing distress about their financial future, at least not yet. Also, I do see more for sale signs that just popped up today, but this is also the usual start of the spring market, which will be more active with the change of administration like it always happens in this area.

I’m seeing it. Went to my local nail salon and the owner said they are way down in services right now. This nail salon is usually very busy and in a wealthier part of the area. I noticed the owner has already let go a couple of techs too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I do not see the signs of the recession yet. People are out and about dining and shopping like before, everything is packed. This is not the behavior of people experiencing distress about their financial future, at least not yet. Also, I do see more for sale signs that just popped up today, but this is also the usual start of the spring market, which will be more active with the change of administration like it always happens in this area.

That's because the recession hasn't started yet. Wait until unemployment jumps and the stock market goes down 25%. Probably about 6-9 months from now.

Stock market isn't crashing. In fact its gonna boom once they cut the rates again.

Well, a 25% drop wouldn't be a crash when it's gone up by about 50% in the past two years. But it will definitely be a wake up call and cause consumer confidence to drop. As for your predictions, good luck.