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

[Anonymous]

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.

[Anonymous]

Anonymous wrote:Why not? I had to abruptly sell my local dcumlandia childhood home after my last parent died.

Things happen. People age, move to assisted living, die, divorce, become empty nesters, downsize and need to move for a variety of reasons.

+1000

Please try to remember that many people live here who are not Feds and who have been here for generations. Life goes on, kids grow up, people die. Things happen.

[Anonymous]

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.

[Anonymous]

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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

[Anonymous]

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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

I work in this space and there have been a lot of stop work orders. Layoffs will definitely happen.

[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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

I work in this space and there have been a lot of stop work orders. Layoffs will definitely happen.

Yes of course but my point is that this isn't a DC issue it's a nationwide issue. Lots of the those contract recipients of all kinds do not live in the DMV.

[Anonymous]

Anonymous wrote:

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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

I work in this space and there have been a lot of stop work orders. Layoffs will definitely happen.

Yes of course but my point is that this isn't a DC issue it's a nationwide issue. Lots of the those contract recipients of all kinds do not live in the DMV.

I do think relatively speaking, more of those contractors, from a pure percentage of population basis, do live in the DMV area. The DMV economy is more sensitive to it relative to other local economies. As an anology, look at the SF bay area and the impact of all the tech layoffs. There has been a minor housing recession. I know lots of people who bought in 2018 who are a bit underwater on their homes. Rents still haven't bounced back to 2019 levels.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

I work in this space and there have been a lot of stop work orders. Layoffs will definitely happen.

Yes of course but my point is that this isn't a DC issue it's a nationwide issue. Lots of the those contract recipients of all kinds do not live in the DMV.

I do think relatively speaking, more of those contractors, from a pure percentage of population basis, do live in the DMV area. The DMV economy is more sensitive to it relative to other local economies. As an anology, look at the SF bay area and the impact of all the tech layoffs. There has been a minor housing recession. I know lots of people who bought in 2018 who are a bit underwater on their homes. Rents still haven't bounced back to 2019 levels.

Exactly what I've been saying. The economy is roaring (thank you Biden) and a national recession is just not happening. There may be minor stagnation in the DC area, but the rest of the US won't feel it, except some pockets of fed-dependent towns and parks.

What I especially dislike is people who are so ignorant and self-centered they take their own tragedy and think everyone else is going to suffer as well. Nope. Feds certainly didn't care about farmers or miners losing jobs and going bankrupt in various swathes of the heartland, did they? Well, sorry to break it to the nincompoops in DC: your misery does not affect most Americans, and they don't care.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

I work in this space and there have been a lot of stop work orders. Layoffs will definitely happen.

Yes of course but my point is that this isn't a DC issue it's a nationwide issue. Lots of the those contract recipients of all kinds do not live in the DMV.

I do think relatively speaking, more of those contractors, from a pure percentage of population basis, do live in the DMV area. The DMV economy is more sensitive to it relative to other local economies. As an anology, look at the SF bay area and the impact of all the tech layoffs. There has been a minor housing recession. I know lots of people who bought in 2018 who are a bit underwater on their homes. Rents still haven't bounced back to 2019 levels.

True but the tech industry is a market within a market. The federal government is the market. So I think ultimately the question is sure maybe DC will suffer a bit more, but if the entire federal government collapses enough to bring the area to its knees no area of the country is safe. Because a lot of the employees and contractors are simply funneling money to programs and services across the country that would then be left without.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

So far it's not contractors they're going after so much as grant recipients and a lot of those aren't in DC.

I work in this space and there have been a lot of stop work orders. Layoffs will definitely happen.

Yes of course but my point is that this isn't a DC issue it's a nationwide issue. Lots of the those contract recipients of all kinds do not live in the DMV.

I do think relatively speaking, more of those contractors, from a pure percentage of population basis, do live in the DMV area. The DMV economy is more sensitive to it relative to other local economies. As an anology, look at the SF bay area and the impact of all the tech layoffs. There has been a minor housing recession. I know lots of people who bought in 2018 who are a bit underwater on their homes. Rents still haven't bounced back to 2019 levels.

Exactly what I've been saying. The economy is roaring (thank you Biden) and a national recession is just not happening. There may be minor stagnation in the DC area, but the rest of the US won't feel it, except some pockets of fed-dependent towns and parks.

What I especially dislike is people who are so ignorant and self-centered they take their own tragedy and think everyone else is going to suffer as well. Nope. Feds certainly didn't care about farmers or miners losing jobs and going bankrupt in various swathes of the heartland, did they? Well, sorry to break it to the nincompoops in DC: your misery does not affect most Americans, and they don't care.

I'm not a fed nor do I rely on federal money for my job but right now the programs being highlighted as suffering because of the freezes are in like South Dakota and West Virginia and not Montgomery County, MD. This isn't about federal workers being laid off, and it's bizarre to think federal workers didn't care about people in other places, it's about program funding that will cripple small economies who rely on federal funding. It's not just federal parks. It's healthcare, education, tech, universities, climate, infrastructure. Without grant funding and federal monies these projects don't happen and everyone in say rural Kentucky working on water supply issues loses their jobs.

[Anonymous]

There are 2 homes for sale on my street in MoCo in a very popular school cluster. Both owners are downsizing and moving to be near their children. The open houses were completely mobbed and there was steady traffic in the preceding days too.

[Anonymous]

Not everyone works a fed job, OP. There's always a buyer and people put in their time and then relocate out of the area, too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People who want to buy and sell?

I know Musk dropped the equivalent of a nuclear bomb (ten of them?) right into the heart of the Feds but most of us are not feds. However, I will be watching what unfolds with interest.

hello? The loss of employment will extend far beyond feds (contractors, NGOs, etc. etc)

First -- it is unlikely that any of this will result in a real loss in federal headcount.

Second, if it does then more work for contractors.

All of this is just talk -- cfpb and usaid in real trouble. But those functions will go elsewhere as will the people for the most part.

But to answer the question -- is your house a fed or fed contractor type house or a lawyer/consultant/corporate house. No issues on the latter.

[Anonymous]

Anonymous wrote:I would buy if the price was right. I work in the private sector serving commercial clients.

You do understand that everyone will be affected?

[Anonymous]

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.

All federal force will be moved out of DC, literally nobody will be left here who work Gov jobs or contracts? This is essentially what you just said. The entirety of DC fed related jobs and government functions moving away.. Which can only mean DC is no longer a capital city. Where exactly is this information posted?