Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wouldn’t the RTO counter this trend a bit in DC proper? I know of many businesses that closed downtown during Covid. Hopefully those restaurants, bars, businesses will reopen now that most people need to be in the office 5 days a week. Also, with the RTO in place so see more people wanting to live in DC and move closer if they had previously prioritized larger homes in quieter areas because they only needed to commute a couple of days a week.
We also own and react out a few homes in DC and I am worried about people leaving the city.[/quote]

No.

The RTO was meant to push people to quit and retire. Then there were the illegal firings. RIF will start by September. Whatever the RTO would have done for businesses has been negated by job instability. People can barely afford where they are let alone to move closer in and pay more (for a job that may not be there in a few months). [/quote]

RIFs are due by September at the latest but many will start at the end of this month through next month. I think it's mostly going to be the suburbs and exurbs though. Where do people think federal employees can afford to buy? They are buying in Gaithersburg not NW unless it was decades ago in which case they won't need to sell anyway.[/quote]

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