Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous]The largest employer in DC is restructuring to cut the workforce by half. The largest employer is also the largest leaseholder and also announced giving up millions of square feet of commercial space. 
Idk [b]if people just have their heads in the sand because they’re used to stability in this sector or if this is some form of hyper normalization to keep things steady[/b] - but I can’t fathom how wholesale RIFs and closures doesn’t hurt the DC market. 
There is no other industry in this market to take the place of gov. Even GSK / pharma /life sci - which MoCo has hung their hats on - has waned and announced departures. [/quote]

These aren't the reasons.  The main reason is that the entire situation is unstable and this goes beyond DC metro.   Because DC powers change every few years whatever happens now is not indicative of what happens forever.  unless the entire capital is moved out of DC and everything closed people aren't going to panic en masse (panic will be individual circumstance based).  We also only hear about cutting jobs and discontinuing contracts and closing agencies.  The restructure or re-org part hasn't happened and isn't talked about.  The news are only negative, so there is nothing to add to it.  The only unknown is about re-hiring and job creation.

Yes, the area may lose a lot of jobs, which would be comparable to some banking heavy areas in 2008 when half of the banking related and adjacent jobs disappeared, I lived through this being in an industry at that time with both of us unemployed for an extended time.   It turned around in 2 years and prices that slumped a bit had gone up again. [/quote]

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