Reply to ripple effects from government employment/contracting uncertainty in DMV economy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Brick and mortar stores, particular small businesses, will suffer the most. Commercial real estate has been taking a beating for the last five years and while RTO may help, we are likely seeing a contraction in spending not just regionally but nationally.[/quote]

The local business headlines are whiplash.

In the one hand doom and gloom about the fed workforce.

On the other an article that there isn’t enough Class A office space (the best newest office space) for all the law firms and other firms looking to expand in DC.

[/quote]

I remember from the 2008 recession that I was ready to hunker down financially and saw that some companies still hadn't figured out the recession was arriving. Those companies hired and expanded. Later, they laid people off.

Some leaders don't look ahead.

[/quote]

The surrounding counties have never diversified. They depend solely on government spending and government employees paying real estate taxes. Any other business is purely an afterthought .[/quote]

It's served the region pretty well until now. The DMV is one of the wealthiest areas in the country. But economic growth has recently been pretty anemic especially in Maryland.

Mass federal layoffs will be crippling. Expect lots of cuts to local public services, high unemployment rates and lots of damage to small businesses that rely on federal employee spending.[/quote]

Wrong. You can expect higher real estate taxes to maintain the existing service levels. Otherwise, county employees would need to be fired. If anything, you can expect local government to grow as they try to fix the unemployment problem the only way they know--expand government. [/quote]

What part of Moscow do you live in?

Here in the DMV people remember the Great Recession. Counties had layoffs, furloughs and benefits cuts. Services like library hours were scaled back. And the suburbs were relatively insulated from the recession. But it was not an easy time.[/quote]

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