Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Panic selling from fed layoffs? You would need to look for houses in Manassas or Fredericksburg to find those.[/quote]

This. SFH inside the beltway are just too expensive for Feds, unless they had or have another source of income (family money, previous $$$ work in private sector, etc.), or if they bought ages ago and are close to retirement anyway, in which case they may not sell if they have a super low interest rate or house is already paid off.[/quote]

Maybe for feds but not all the contractors getting laid off. [/quote]

+1. The real story in this area is the contractors. They're getting laid off in droves and they might not get a decent severance. They were the ones buying those expensive inside-the-beltway SFHs. In my inside-the-beltway neighborhood, the houses around $1 to $1.3 million are getting scooped up by feds, while the more expensive stuff is starting to sit. It all makes sense when you think about the fact that contractors are most at risk by this administration's actions.[/quote]

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