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Reply to "DC Area Housing Bubble? "
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[quote=Anonymous]Unless the government and the very wealthy government contractors somehow disappear (and Trump and the Republicans have shown no interest in cutting discretionary government spending and want to boost defense spending) I don't see any bubble to burst. I could definitely see prices flattening and staying flat between rising interest rates and the presumed loss of mortgage interest deduction (and local taxes) which will impact people locally. But the inflated prices are in close in areas and people are willing to pay a premium to have shorter commutes/live in walkable neighborhoods and I don't see that changing unless this area somehow builds a bunch of new roads or transit and I don't see either happening.[/quote]
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