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Real Estate
Reply to "Is there going to be panic selling?"
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[quote=Anonymous][quote=Anonymous]Probably not panic selling, but a drop in housing prices in the DMV. For years people have said that housing prices could never decrease in the DMV. They never have and they never will. Means the DMV was ripe for a black swan event to make that happen. Now a large % of government and related jobs will be cut. [/quote] DMV housing prices dropped in the early 1990s, along with CA, TX and some other speculative markets at the time. Everyone forgets the S&L crisis which had a a decent amount of speculative lending to the RE and oil & gas industries. Early 1990s recession and the lending bust dropped prices from like 1989-1994.[/quote]
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