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Real Estate
Reply to "There is no housing bubble in the DC area so get over it"
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[quote=Anonymous]I think there is a bubble. DC will always be a high-income area, and real estate here will never quite collapse like in other markets (Las Vegas, Detroit). *but* what's going on now is unsustainable. And as strong as the DC job market is, it has peaked. The trajectory of defense and defense-related jobs/contractors is going down due to budget cuts. I don't foresee the creation of any *new* agencies in this climate. And like it or not, the creation of Homeland Security and proliferation of defense contractors played a role in the real estate boom in NOVA. [/quote]
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