Reply to Jamie Dimon thinks HQ2 will bring 100k jobs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Feels just like 2007.  Can't wait...[/quote]

A 100,000 jobs at once leading to a tidal load of newly UC contracters and house purchases? I think you're thinking of 9/11/2001. D.C.'s boom was unprecedented and barely touched even during the 08 downturn which is why everyone moved here (including myself).

Just getting even better now.[/quote]

You're right; this time it's different![/quote]

I see what you are trying to do.

I’m actually saying it’s exactly the same, there is exuberance but prices like last time will not drop appreciably. Same is as same was.

I mean two GS15s can afford a $1M house, so lump all the bigger money jobs, yeah it’s expensive[/quote]

PP here.  I think you sort of saw what I was trying to do, but not really.  To believe that any area of the country is immune to a recession or recessionary trends is foolish.  I'm bullish on the DC area, but I am still realistic about potential downsides.  We all know the impact that an election and a new administration can have.  What if a candidate comes in and - in the face of continued 1 or 2 billion dollar annual deficits - proposes a radical overhaul to the Federal bureaucracy?  i.e. they want to relocate a sizable % of the DC area workforce to other states (so it becomes pork and the House and Senate jump on board).  After this last election, I'd say that anything is possible.  You can be bullish and not delusional.  I always read boosters post comparisons to SF.  Anyone who thinks DC will become the next San Francisco, doesn't understand how San Francisco really works, and all it does it create an atmosphere of irrational exuberance on the one hand and credible skepticism on the other.[/quote]

Depending on the job, they may be able to work remotely and just fly/drive into VA as needed, just like many do in Seattle.[/quote]

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