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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As we've seen time and time again. The beltway is immune to recession.[/quote]

No, it's not. I picked up my house at a huge bargain in 2009. [/quote]

Maybe you did. But statistically, most areas inside the Beltway suffered minimally from the 2009 recession.

OP, someone on another thread pointed out humans have short memories and in this case many people only remember the 2009 recession when they think of recessions. That was an extremely bad recession for a variety of reasons, but most recessions are far less painful and last less longer. The current underlying economics suggest if there is a recession it will be short lived and barely noticeable for many people and will be forgotten in a year or so. Panicking is not a sensible solution. You're more likely to lose money trying to prepare for an elusive recession than to stick it out and weather it. [/quote]

Prices were in absolute free fall for about six months even in the beltway, there was just very low volume because buyers were scared away and loans froze up.  As soon as it was clear the Fed would bail out at any cost, then prices bounced back up in markets that had less fraud which included DC.

It's clear to me at least that prices in the DC area are over heated especially if Trump is re-elected (b/c non-deduction of SALT may be made permanent; of the D's Biden is the only one who would try to re-instate it).  I think your downside risk here is limited to 10-15% so not exactly the end of the world.  If you want to stay for a couple decades it will amortize away.[/quote]

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