Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Well, the housing bubble DID pop 13 years ago, it was just re-inflated by the Fed and TARP. And the market now knows the Fed always will have housings back so it’s RISK ON BABY, or whatever aggressive traders say. [/quote]

Yep. I'm 39 y/o and I agree with you. We will never see the type of housing value depreciation like we did in 2008 or 2005 in DC. Property owners always get bailed out, renters and savers get screwed. Capitalism, F yeah[/quote]
What depreciation are you referring to in 2005 or 2008 in DC? 2005 the market was strong. 2008, nothing went down in DC but the MD (not VA) outer suburbs (particularly PG County) got crushed.[/quote]

DC was partially insulated from crash because of post 9-11 boom and wars, as well as the introduction of charter schools which revitalized the city as a place families might live. It definitely softened, but DC boom had more legitimate foundation. If WFH culture drives for agencies to move elsewhere (Trump was already trying that look at USDA ESA), that would put downward pressure. But we won’t see that during a Biden or Harris term [/quote]
DC was a boom town post-2008 financial crisis. The population growth figures prove it. If there was a “softening” it maybe lasted 6-12 months and could have been neighborhood dependent.

What really happened is that supply disappeared. For the first time the number of listings dropped and the market became really tight. I bought in 2010 so I am very familiar with that market and there were lots of bidding wars, just as there are now. [/quote]

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