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][quote=Anonymous]No matter who is elected, people still need homes and the supply of houses is still very low.  High demand and low supply, plus interest rate cuts means higher prices.

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Possibly true nationwide, but locally, there will be a dramatic housing price crash if Trump is elected.[/quote]

I seriously doubt that. [/quote]

Okay. This isn’t controversial or particularly political. But it is factual that he has pledged that if elected he will, from day 1, start cutting and laying off anyone he views as remotely political and he will be reducing head count massively across all agencies and be attempting to actually cut several agencies entirely. He also had said he will move large portions of some agencies and entire other agencies outside DC.

From a real estate investor perspective I don’t think it’s realistic that he will be able to cut entire agencies or move them entirely - too many lawsuits and union obstacles, but starting Jan 20 there will be a very significant (think 10% reduction) in federal employees in the dc area.

Maybe this is a good idea economically for the country but it’s going to knock a leg out from the dc housing market.

If he’s elected it might be a good idea to invest elsewhere, and with his interest in real estate he wants a good market, but it’s going to be very bad for the dmv. I’m always shocked that more real estate guys aren’t paying attention to this but it’s one of the clearer policy things he’s talked about.

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