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Real Estate
Reply to "The DOGE Downturn - Kensington"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.[/quote] +1 DOGE hasn’t done as much as you think. [/quote] +3 I agree too![/quote] Chorus of the ignorant.[/quote] What percentage of fed employees have been Rifd? [/quote] Follow the news, dum-dum.[/quote] How about providing a number, dum dum.[/quote] There are 160K federal jobs in MD. That doesn’t count Maryland feds who work in DC or VA. 30% were fired. That 48,000 people. I personally know about 60. [/quote] Is this just HHS? Lots of agencies have barely been affected. I know Marylanders who work at DOJ, defense, and DHS, and none have been RIFed. The impacts have been very uneven across agencies. [/quote] You must not read much. NYTimes has tracked 150,000 federal job cuts nationwide. But they don't track the disproportionately large impact to the DMV area including Maryland, which has a huge number of federal contractors, Johns Hopkins which got hammered by the Trump cuts, EPA, Dept of Ed, FDA, NIH, USAID, among others. https://www.nytimes.com/interactive/2025/03/28/us/politics/trump-doge-federal-job-cuts.html[/quote] In Montgomery County, for example, about 11% of employees are feds. Even if you assume 30% of those are laid off (which is a huge overstatement), that is a small percentage of total MC employees. Now assume that some of those can get private sector jobs, and some don't need to work because the spouse earns enough to keep living here, and I don't see a huge impact on local real estate. There are also contractors and fed adjacent employees, but those layoffs are concentrated in a few industries, and there is already an expansion in place for lots of contractors involved in homeland security, defense, intelligence, and other industries. I would actually like to see housing prices come down a good bit, but I don't see a huge decline on the horizon. Certainly, the numbers of the PPs above don't tell that story.[/quote]
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