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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is hard for me to understand how real estate prices cannot be impacted by the economic shutdown, GDP decline and high levels of unemployment. But in my neighborhood- at least for now - houses are getting multiple bids and going under contract quickly. Stock market is doing well too. Of course this can all change but I am not seeing evidence of a decline yet. [/quote]

It's not that hard to understand. Basically nobody who can afford a house in DC has a job that is going to be severely affected.

Waiters, bartenders, busboys, barbers, janitors, etc. rent rooms or small apartments. If they lose their jobs and get evicted it has no effect whatsoever on the price of a million dollar house.  Even if a few people with million dollar houses do get laid off, a significant number of them have spouses who work or savings and can ride it out.  Most professionals are still working or will be back to work in a few weeks/months and the market knows this.  [/quote]

Boeing just announced it's laying off 10-15% of its employees.  That's 20-25 thousand people.  They very intentionally included that non-union, white collar jobs (engineers, finance, managers) would be the hardest hit category.

I don't know if the trickle down effect on DC consulting companies will be a bloodbath but it is definitely going to hurt.  You do people a huge disservice to pretend otherwise (and for what possible purpose?).[/quote]

Boeing has been holding off layoffs since the 2019 fiasco where two international jetliners crashed into the ocean because of their malfeasance and cover-up. Then global airline companies halted or froze orders for the hundred million dollar planes they'd ordered until Boeing came back in and fixed the issue.

The only reason they didn't start layoffs then was because their private airline contracts were offset by all the money they made as a defense contractor.

All that to say - Boeing's layoffs are a longtime coming and have more to do with their travel/corporate partners and deals.[/quote]

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