D.C. Home Values - Rising Even More Under Trump?

[Anonymous]

It's a weird place to be in, because much of the city dreads a Trump presidency for political reasons. But now that it's here does anyone think it won't be so bad for 'Little Washington'? Not Congress, not the feds, not the contractors like Boeing in the suburbs but the actual city. Trump is very peculiar and I can honestly see him wanting to see DC 'remodeled' to suit his desires...when he's here that is. He loves New York City and he only brings his major hotels to major cities. Maybe he'll incentivize the growth of private businesses and offices from major companies in the area.

More business revenues, more high income buyers, better real estate appreciation. Could the 'Trumpification' of the city be seen as a good thing?

http://www.latimes.com/politics/la-na-pol-trump-dc-20161209-story.html

[Anonymous]

There have been a gazillion threads on this.

[Anonymous]

Anonymous wrote:There have been a gazillion threads on this.

Haven't seen any threads on what Trump means for DC not the DMV. Consensus is a depression of home values in surburbs if he goes through with his policies against contractors (i.e. Boeing) and the feds (i.e. EPA). However the idea of him fostering a city with stronger growth in the private business market, corporate headquarters and ventures - that's new. A city that is a little more like Boston or NYC and less dependent on Congressional budgets is something else entirely.

[Anonymous]

I would love to see the area (city included) to become less fed-dependent. But I don't see how Trump's presence will promote this when you admit it doesn't seem like he will even be here full time.

[Anonymous]

Anonymous wrote:I would love to see the area (city included) to become less fed-dependent. But I don't see how Trump's presence will promote this when you admit it doesn't seem like he will even be here full time.

I don't know if it'll happen but even the L.A. Times points to foreign governments and representatives spending more money in the city to 'impress' Trump and a new casino across the border as a sign of more money in the area. More money not technically tied to the well-being of the government itself.

[Anonymous]

Trump could move major government operations to the center of the country to revive those economies
It would change both the job and housing markets

[Anonymous]

Anonymous wrote:

Anonymous wrote:There have been a gazillion threads on this.

Haven't seen any threads on what Trump means for DC not the DMV. Consensus is a depression of home values in surburbs if he goes through with his policies against contractors (i.e. Boeing) and the feds (i.e. EPA). However the idea of him fostering a city with stronger growth in the private business market, corporate headquarters and ventures - that's new. A city that is a little more like Boston or NYC and less dependent on Congressional budgets is something else entirely.

You imagine a city that isn't even a state and needs Congressional approval for its laws to become less dependant on the federal government? Dream on

Dc will always bc a government town bc that was the intent when it was founded. If that makes you uncomfortable, move.

[Anonymous]

Yah because recent transplants have to convince themselves that the marginal areas they bought in can only go up in value and get better with schools that are right around the corner form being good enough. If he cracks down on sanctuary cities DC the most to lose in terms of its federal funding. That will hurt us all the most and it would be the easiest for him to implement as D.C. aid powerless to push back without states rights. If he decides to teach the country a lesson he very well may use DC as the example.

Don't think that current trends towards urbanization aren't just that, trends which are by their nature cyclical. Also the greater national trend doesn't port to D.C. Like for like. DC has artificial borders and multiple business cores. What other cities count as the urban center extends into Maryland and Va which gives residents choices, if DC proper loses its trendy status when people start losing money on homes and getting stuck in shitty areas, we could very well see a shift back.

[Anonymous]

Anonymous wrote:Trump could move major government operations to the center of the country to revive those economies
It would change both the job and housing markets

I'm a fed and I wish my agency (or more agencies) would move out of the DC area. But, I'm not sure a move would do much for the new location's economy, at least in the near term where people would see the results as a direct consequence. My agency moved to an impoverished area of the DMV, and there was a lot of fanfare about how we would bring lunchtime business : it hasn't happened because feds just don't spend that much, and also because there's little in the area to spend on. Demand hasn't erased the barriers to starting a business, basically. Our janitorial staff is from the local neighborhood but that's the only direct impact I know of.

If you add in a housing move, that's a bigger impact but could further marginalize locals as taxes and prices go up. There would be some federal jobs for locals but it's not feasible to just replace all current Fed employees with local residents if those residents trained for manufacturing. My agency moved its IT support staff to a Midwestern city a few years ago, I'll have to ask how many of those staff were hired locally but I don't think it's very many.

[Anonymous]

Anonymous wrote:Yah because recent transplants have to convince themselves that the marginal areas they bought in can only go up in value and get better with schools that are right around the corner form being good enough. If he cracks down on sanctuary cities DC the most to lose in terms of its federal funding. That will hurt us all the most and it would be the easiest for him to implement as D.C. aid powerless to push back without states rights. If he decides to teach the country a lesson he very well may use DC as the example.

Don't think that current trends towards urbanization aren't just that, trends which are by their nature cyclical. Also the greater national trend doesn't port to D.C. Like for like. DC has artificial borders and multiple business cores. What other cities count as the urban center extends into Maryland and Va which gives residents choices, if DC proper loses its trendy status when people start losing money on homes and getting stuck in shitty areas, we could very well see a shift back.

Give me a break. DC will be fine. The suburbs aren't interesting to businesses. Rents are already cheap. Arlington has low occupancy rates now. Companies want to be in DC. They currently pay a premium to be here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yah because recent transplants have to convince themselves that the marginal areas they bought in can only go up in value and get better with schools that are right around the corner form being good enough. If he cracks down on sanctuary cities DC the most to lose in terms of its federal funding. That will hurt us all the most and it would be the easiest for him to implement as D.C. aid powerless to push back without states rights. If he decides to teach the country a lesson he very well may use DC as the example.

Don't think that current trends towards urbanization aren't just that, trends which are by their nature cyclical. Also the greater national trend doesn't port to D.C. Like for like. DC has artificial borders and multiple business cores. What other cities count as the urban center extends into Maryland and Va which gives residents choices, if DC proper loses its trendy status when people start losing money on homes and getting stuck in shitty areas, we could very well see a shift back.

Give me a break. DC will be fine. The suburbs aren't interesting to businesses. Rents are already cheap. Arlington has low occupancy rates now. Companies want to be in DC. They currently pay a premium to be here.

Currently is the key word there.

[Anonymous]

Trump people want to live in McLean and great falls

[Anonymous]

Anonymous wrote:Trump people want to live in McLean and great falls

Actually, they want to live in Northwest DC and Georgetown where they have space to entertain. Maybe the third tier appointees will go to McLean or GF, but the majors will be in the city.

[Anonymous]

For what it's worth, even with the Trump regime and the interest rate hike looming, DC real estate appreciation shows no sign of slowing: http://dc.urbanturf.com/articles/blog/november_sets_records_for_regional_home_sales/11967

[Anonymous]

I don't think prices will rise. I think they will flatten and maybe decline is some neighborhoods. I think it will be a buyers market in 2017. Better spruce up your place if you're planning to sell.