Where are the people who said prices would plummet when the fed layoffs were announced?

[Anonymous]

Most of the feds who were laid off did not own sfh in desirable areas, and if they did, tended to have a much higher earning non fed spouse.

In fact, we've seen fewer homes go on the market in our neighborhood because everyone is holding onto their low interest rates and lower mortgage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

Some people predicted DC would be the next Detroit

It was less a prediction than a wish. Which begs the question, who wishes for someone else's city to collapse economically?

Losers?

Hurt people hurt people.

[Anonymous]

prices in NoVA are not coming down. Significant demand and you can keep dreaming of price drops.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

In our particular neighborhood the market has indeed softened (meaning not risen much) since the DOGE cuts. Lots of USAID people live around here. It's very localized.

Which part of DC had a lot of USAID workers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

In our particular neighborhood the market has indeed softened (meaning not risen much) since the DOGE cuts. Lots of USAID people live around here. It's very localized.

Which part of DC had a lot of USAID workers?

Capitol Hill.

[Anonymous]

Anonymous wrote:The problem is that people aren't looking for the market to cool. They want/need it to crash. Prices have risen so aggressively in the last few years that it's not enough for some to just see stagnant or small declines in prices. They want big drops. So like a house currently selling for 800k, they want it to go back to 2018 prices of like 650k. But the economics of that don't work for sellers, who often have the option of sucking it up and staying (low rates when they bought or refinanced mean they can lump along on one income or rent out a basement unit or something to cover it), or who would rather rent it out than lose all their gains.

I personally hope the market doesn't crash and am optimistic that good results in 2026 and 2028 will stabilize the economy here. But the people looking for a "dip" often actually mean crash.

you also have to understand that DC area still haven't seen growth as like Austin, Miami, South Cali etc so it usually doesn't cool off as much.

[Anonymous]

But the libs still have the "I support federal workers" signs in their yards