Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My friend is panic selling.  They are not feds but know the DC market will go down so they want to get the most amount out of their house. [/quote]

Where will they go? Rent or move away from the area and abandon their jobs here?[/quote]

It’s expensive to live in the DMV area.  You can go to some red state and get a nice house for 250k.  Crap schools probably but maybe you can help flip that state blue along with the other fired Feds fleeing the DC area[/quote]

In lots of flyover country, schools are actually comparable or much better than the best schools in the dc area. You just have to look in places that attract educated people like areas around major universities. [/quote]

These places are not cheap.  Most cities that had become sanctuaries for the yuppies fleeing HCOL metro areas are now no longer a bargain compared to DC, and some have similar prices in the neighborhoods you would want to live in coming from here. [/quote]

Actually they are. I have friends who live in Ohio and Iowa. Nice, newer houses with 3-4 bedrooms are $500K (older houses are cheaper), and elementary, middle, and high schools are 7 or 8 on greatschools.[/quote]

Great schools ratings arent comparable across states. A 7 or 8 in Oklahoma isn’t the same as a 7 or 8 in Massachusetts. [/quote]

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