Is there going to be panic selling?

[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.

Did the Ketamine just hit?

[Anonymous]

I’ve been out window shopping in nice stores the past couple weeks and gotten a ton of attention from salespeople, I feel like they are more worried about commissions or there are fewer other customers being served than before.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My friend is panic selling. They are not feds but know the DC market will go down so they want to get the most amount out of their house.

Where will they go? Rent or move away from the area and abandon their jobs here?

I don’t think they even know.

[Anonymous]

Entrepreneurs up, bureaucrats down. Total utter win-win for me.

[Anonymous]

[quote=Anonymous]Govt workers getting huge severance checks should make economy pop! [/quote]

They have to pay taxes on their severance and then pay for mortgage, childcare, food, taxes, etc while they look for work in a bad market flooded with other job seekers.

Based on this thread, economics and behavioral economics should be required.

[Anonymous]

Anonymous wrote:Entrepreneurs up, bureaucrats down. Total utter win-win for me.

There's no win-win in a recession. The entrepreneurs I know did very well under Biden and are pretty worried about the next four years.

[Anonymous]

[quote=Anonymous][quote=Anonymous]Govt workers getting huge severance checks should make economy pop! [/quote]

They have to pay taxes on their severance and then pay for mortgage, childcare, food, taxes, etc while they look for work in a bad market flooded with other job seekers.

Based on this thread, economics and behavioral economics should be required. [/quote]

When this many people get laid off at one time, any one with any sense spends severance on bills and buys nothing else. Or uses severance to pay moving expenses.

[Anonymous]

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Govt workers getting huge severance checks should make economy pop! [/quote]

They have to pay taxes on their severance and then pay for mortgage, childcare, food, taxes, etc while they look for work in a bad market flooded with other job seekers.

Based on this thread, economics and behavioral economics should be required. [/quote]

When this many people get laid off at one time, any one with any sense spends severance on bills and buys nothing else. Or uses severance to pay moving expenses. [/quote]


This. We’re coming through every expense and analyzing our spending in a way we haven’t in decades. we thought our two incomes were stable. Until they weren’t.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My friend is panic selling. They are not feds but know the DC market will go down so they want to get the most amount out of their house.

Where will they go? Rent or move away from the area and abandon their jobs here?

It’s expensive to live in the DMV area. You can go to some red state and get a nice house for 250k. Crap schools probably but maybe you can help flip that state blue along with the other fired Feds fleeing the DC area

[Anonymous]

If so, then it might be a chance for some to buy finally. The housing prices have gone up so much and so has rent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My friend is panic selling. They are not feds but know the DC market will go down so they want to get the most amount out of their house.

Where will they go? Rent or move away from the area and abandon their jobs here?

It’s expensive to live in the DMV area. You can go to some red state and get a nice house for 250k. Crap schools probably but maybe you can help flip that state blue along with the other fired Feds fleeing the DC area

In lots of flyover country, schools are actually comparable or much better than the best schools in the dc area. You just have to look in places that attract educated people like areas around major universities.

[Anonymous]

Anonymous wrote:Entrepreneurs up, bureaucrats down. Total utter win-win for me.

Where are the entrepreneurs going to come from, what do you know that we don't?

[Anonymous]

Anonymous wrote:If so, then it might be a chance for some to buy finally. The housing prices have gone up so much and so has rent.

They have gone up everywhere in any 3rd tier city that has any type of job market and amenities. But if anything drops this spring, there is your chance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My friend is panic selling. They are not feds but know the DC market will go down so they want to get the most amount out of their house.

Where will they go? Rent or move away from the area and abandon their jobs here?

It’s expensive to live in the DMV area. You can go to some red state and get a nice house for 250k. Crap schools probably but maybe you can help flip that state blue along with the other fired Feds fleeing the DC area

In lots of flyover country, schools are actually comparable or much better than the best schools in the dc area. You just have to look in places that attract educated people like areas around major universities.

These places are not cheap. Most cities that had become sanctuaries for the yuppies fleeing HCOL metro areas are now no longer a bargain compared to DC, and some have similar prices in the neighborhoods you would want to live in coming from here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My friend is panic selling. They are not feds but know the DC market will go down so they want to get the most amount out of their house.

Where will they go? Rent or move away from the area and abandon their jobs here?

It’s expensive to live in the DMV area. You can go to some red state and get a nice house for 250k. Crap schools probably but maybe you can help flip that state blue along with the other fired Feds fleeing the DC area

Nice house for 250k? Where, I mean which decade are you writing this from?