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[quote=Anonymous][quote=Anonymous][quote=Anonymous]hope we go over. DC has been artificially shielded by the economic downturn. Time to bleed the pig.

All those people who complain about housing prices in DC being too high...well slash the disgusting MIC budget, gore the government spending, put the gov contractors out of business and DC housing prices will crater back down to a normal balance between price and income. [/quote]

Uh, hate to point out the obvious but you are arguing that unemployment in our region is too low and therefore that is causing high housing prices.

So what does your republican self call a "normal unemployment rate?
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The issue isn't DC unemployment being too low, the issue is too much of the DC/DMV economy is tangentially tied to government spending and is 'over priced'.

Cutting the government, military, and contractor workforce will reduce the inflated wages of those in those sectors in DC (too many) and also force more to leave the DC area to other parts of the country, thereby lowering local real-estate prices to a better price/income ratio.

That said, I have no issue when private employers like VW, Hyatt, Marriott, etc choose to base themselves in the area because of the educated work force. On the other hand, i fully welcome Lockheed, BAH, SAIC, GD, BAE, NG, Triple Canopy, AECOM, and tons of other gov contractors (military or not) as well as average gov employees being faced with reductions.

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