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]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. [b]In the defense space that my boyfriend is in they are clearing $275- 400k. [/b]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]

That’s pretty industry-specific. But the Rs never cut defense or even scrutinize those contracts, so not likely to be impacted now either. There is a ton of waste in the DOD, and it’s untouchable.

The people who do the work for most agencies, the billable ones, aren’t making much more than the Feds they support, unless they are 1099s and there’s no overhead or benefits. Sure the company owners, and SVPs are handsomely compensated by comparison, but that’s true in any industry. And there are many fewer of them that there are billable workers. All that said, the company owners and SVPs still don’t live close in. They have enormous homes out in FFX or Loudoun or Potomac, for land and “privacy.” And vacation homes in other states. They have a lot of things they can sell before they need to panic.[/quote]

They are making contract cuts to the defense space but yes I agree that it’s much easier to find a job when you have a high clearance and a specialty like this. [/quote]

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