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][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]

Nice house for 250k? Where, I mean which decade are you writing this from?  :lol:  [/quote]

We live in a nice house in NJ that
cost $238,000 in 2024. [/quote]

"This is dirt. It ain't good for nothing but it's [i]my[/i] dirt." Guess the classic movie.

Where?[/quote]

NJ is big and includes rust belt and rural land.  I am guessing Trenton or somewhere around Newark less savory parts or somewhere rural.  Philly has a ton of properties under 300K, so does Baltimore, but you probably don't want to live anywhere there.  And a "nice house" is a subjective opinion.   You can get an SFH for under 300K in some quadrants of DC metro too, just a lot fewer of them than in around Baltimore, Philly, Trenton. [/quote]

A nice house in a terrible place is no bargain at any price.[/quote][/quote]

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