Reply to What would you do with budget of 600-700K?

Forum Index » Real Estate

Reply to "What would you do with budget of 600-700K?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]"Why do you think prices will drop 30%?"

I'd like to hear the answer to this.  I live in a "good neighborhood in DC," and just don't see many people who will take a hit.  The World Bank/IMF/UN/EU folks won't - they may have pay freezes, but there won't be layoffs.  Same with the government employees.  The doctors, most of whom work for hospitals, will be fine, as will the academics or IT folks.  The private sector lawyers and journalists have already gone through a downsizing, so I think whoever still has a job will have steady employment.  There's a chance some of the consultants may take a hit - at least those that have government agencies as clients - though I think most people will be senior enough not to lose their jobs.  So I just don't see most of the people in my neighborhood losing their jobs or taking huge paycuts.  And if there is little turnover in the housing stock, there will be a healthy demand for what does go on the market.  And don't forget, DC has so many ex pats - there are always foreigners willing and able to buy to buy here.  So I would like to know how the PP thinks the 30% drop will happen.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics