Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous]We will see. I guess it depends ultimately on how many people get laid off. 10k won’t make a difference. 100k would be huge.[/quote]

If all these people live here and find themselves suddenly unemployed, yes.   It's not about whether they can afford their homes either, you can have a paid off house, but you still need income to pay RE taxes, utilities, maintenance, food, health insurance, other basics just to survive.  It's thousands of dollars a month.  You can only survive if you have some passive income source from investments, pensions, payouts or whatever or a spouse whose jobs won't be affected.  If you rely on earned income you will be toast when you run out of your savings if job market doesn't stabilize and new jobs aren't created to at least partially replace massive job losses.   We are trying to guess the unknown and unpredictable.  Anything can happen, it could go either way TBH.  DC metro could become a dump or will experience even more rapid growth if there some is injection of private capital and replacement of fed jobs.  [/quote]

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