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Real Estate
Reply to "Impending Recession and Selling Our Condo"
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[quote=Anonymous]So I sat in on a WBJ real estate discussion in crystal city with major developers and SME from GMU were on the panel. Interestingly enough, they brought up the impending recession as a topic. I was surprised by there comments. Our area by 2030 will have a shortage of over 5000 for sale housing units of affordable housing not to mention the rental markets housing shortage. Not to say our properties won't take it hit, but it may mean a switch between either selling or renting the place until the market clears up. Or understanding that during the next recession, it will just take longer to sell. Which isn't abnormal since the only reason the process has spread up is because of the housing shortage. [/quote]
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