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Reply to "Impact of continued loss of federal jobs for the region"
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[quote=Anonymous][quote=Anonymous]The typical GS-13 can no longer afford to buy a home in the DC area. Losing those jobs will have zero effect on the local housing market.[/quote] I agree that one GS-13 salary isn’t going to be able to afford to buy a single family house anywhere moderately close-in to the DC area, except for maybe very, very small houses in places like Wheaton or PG. They could maybe buy a condo though, or an old, very small townhouse within walking distance to the metro in Silver Spring. However, most GS-13s aren’t single wage earners supporting a family. If they’re married, they’re married to another professional bringing. With both incomes, then they can afford to buy a SFH somewhere in the DC metro area. This is why it’s tough on feds to move out of the metro - especially with little warning about exactly where they’re going - if they go, they’re usually uprooting a second career as well. [/quote]
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