Reply to Will DC housing prices rise if/when Fed cuts rates in September?

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Reply to "Will DC housing prices rise if/when Fed cuts rates in September?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd worry much more abotu what happens in November. I wouldn't buy anything right now.[/quote]

I was wondering when someone would come and say this.

I’m a fed and a single mom. I bought in 2022 and currently have about 30% equity. I am starting to get scared that I will be underwater and unemployed, and SOL. Then it will hardly matter what interest rates are.[/quote]

I'm sorry. You should be prepared for at least the possibility that your job will be relocated to some flyover hellhole. The number of federal workers (or contractors) employed in the DMV is going to be cut pretty seriously if Trump wins... the question is how seriously. He will try to shutter whole agencies—EPA for instance, DOE is going to be a skeleton crew if he has his way... Personally, I don't think he's going to be able to pull off anything that big, but there's going to be an exodus, for sure. And the people who aren't cut or relocated are going to be very unhappy, because there will definitely be a management directive to be unpleasant to the "deep state".

I'm not buying now because I'm pretty sure that this time next year there's going to be a lot of inventory on the market from people leaving.[/quote]

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