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]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]

This is is horse sh**. Contractors aren’t making that much more than Feds. My circle of college friends and my spouse’s company have almost nobody inside the beltway, especially not Arlington/Bethesda. I can think of one family dual contractors in Falls Church. Not even company owners live in those areas, only one SVP whose spouse is a surgeon. These are not the “beltway bandits” or the swamp people making bank. It’s okay that you don’t understand. But this is not where the real money is and never has been. [/quote]

I’m sorry this is completely untrue. In the defense space that my boyfriend is in they are clearing $275- 400k. Higher ups at my firm are clearing low millions. All of my federal friends (gs employees) are 190k and below. Most are around $160k with no equity of course and no bonus. [/quote]

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