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Metropolitan DC Local Politics
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[quote=Anonymous]Fannie Mae has a huge work from home contingent and also a large Reston presence. I work in CRE (though not on this deal) and it would make sense to consolidate in their NoVA building. With people doing a lot of WFH, a lot more people can occupy that space. At least for now, EEs can go to lunch or commute to Reston without having to worry about being carjacked, mugged at gunpoint, clobbered on the back of the head, or having a bucket of urine dumped on their head---all instances which have occurred within several blocks of Fannie Mae's downtown location. As to the effect---DC depends on CRE tax revenue to fund a lot of city government. When that building is empty, its value plummets precipitiously and the tax revenues along with it. Too bad there is no one on the Council who has enough experience in the private sector to understand that fiscal reality.[/quote]
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