Reply to ripple effects from government employment/contracting uncertainty in DMV economy?

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Reply to "ripple effects from government employment/contracting uncertainty in DMV economy?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Whole DMV is screwed. It's not just feds. You understand this wipes out a ton of highly paid lobbyists, lawyers, NGO workers, contractors, etc. the list goes on. Guess what, that also means they spend a lot less now on restaurants, home renovations, replacing rooves, buying cars, etc. etc.  The effects will ripple down and obliterate the DMV economy. Everyone complained about the cost of home repairs and upgrades. Well, that may no longer be a problem since contractors are about to get slammed due to lack of spending/work.  Restaurants are going to be obliterated. Commerical RE will tank too.  It is domsday.  [/quote]

Somewhere in South Carolina there are 25K fed jobs.. Let's see how much MAGA crowd cheers on their own losing jobs.  Right now there is a lot of nasty propaganda on X about how DC RE listings are exploding in the last 14 days.  Must be "draining the swamp" and everyone cheering on.  The reality is that maps for every other metro area I checked look the same, tons for sale.   It will certainly be a local recession like it was in every area with a lot of Banking sector jobs in 2008, but areas of foreclosures did much worse, poorer demographics fair far worse, so this job cutting will hit areas outside of DC just the same with people more vulnerable than lawyers here (who are now even busier than before) and IT people who can find remote jobs in private sector and will now be competing with all the idiots cheering on.  [/quote]

I’m sure the felon and F-Elon want red states to collapse so they can buy foreclosures and then resell them with subprime loans. No more CFPB. More $$ for them. [/quote]

What do you think they are trying to do with this area? foreclose all of this premium RE and buy it for pennies, or what?  What about DC proper? I am sure they'd want to keep it at least presentable as a "capital", but who knows, it's so chaotic they may move it to a new shiny city they build in TX to launch to Mars, or whatever.. I am just tired and want to know what they plans are, what jobs/careers to train for or advise kids to go to (long term), should I sell here and move anywhere but not here because this will become the worst place to be?[/quote]

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