Anonymous
Post 05/11/2025 16:19     Subject: The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:The government firings will definitely have an impact on the property market, but it might not get as bad as Florida currently is. Right now, MD, VA, and DC all have around 0.9% of total housing units in the state for sale. Florida currently has around 2.4% of total housing units in the state for sale.


Is this because average people can't get their homes insured anymore?


I think it's attributable to multiple factors, out-migration due to back to office policies, costly home insurance, and the changes to condo reserve laws that require expensive repairs.
Anonymous
Post 05/11/2025 15:36     Subject: The DOGE Downturn - Kensington
Anonymous wrote:The government firings will definitely have an impact on the property market, but it might not get as bad as Florida currently is. Right now, MD, VA, and DC all have around 0.9% of total housing units in the state for sale. Florida currently has around 2.4% of total housing units in the state for sale.


Is this because average people can't get their homes insured anymore?
Anonymous
Post 05/11/2025 15:21     Subject: The DOGE Downturn - Kensington
Prices aways flucuate. That is actually pretty high still.
Anonymous
Post 05/11/2025 15:02     Subject: The DOGE Downturn - Kensington
The government firings will definitely have an impact on the property market, but it might not get as bad as Florida currently is. Right now, MD, VA, and DC all have around 0.9% of total housing units in the state for sale. Florida currently has around 2.4% of total housing units in the state for sale.
Anonymous
Post 05/11/2025 14:41     Subject: Re:The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.


+1 DOGE hasn’t done as much as you think.


Agreed. When all is said and done, I actually wonder how much the federal workforce will have shrunk. My guess is 5%. Certainly that won’t be even across all agencies but I think it’s been lots of headlines for very little in the way of results.


What has been happening within government is devastating and a true contraction of funds. The full effects wouldn’t be felt for six months to a year — but it’s going to be huge. All feds who were RIFd are still getting paid through June 1 (at the earliest) and contractors will who gets federal funding will have no vehicles once GSA takes over all of it. Additionally the control OMB has leveraged over spending is real — they have frozen spending. I just left government and it is truly shocking how different this is from anything I’ve seen in the past 20 years.
Anonymous
Post 05/11/2025 14:38     Subject: The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:I'm not sure how one can make a blanket statement about an area by cherry-picking three of the dingiest-looking houses they could find.


It's pretty clear that some of you have never been through this before. The average sales price is indicative of a trend, but this is how a real estate recession works. The average or mean sales price is just indicative of a trend, but what really happens is that the "dingy not perfect" houses are impacted much more than "perfect" houses. When the market is hot, people get desperate and overpay for houses with unfixable flaws (usually location). Perfect houses are always in demand, and may only hold their value, or have a slight decrease. The houses with flaws will sit and drop in price more.

DP
What any given house would have gone for a year ago is a totally subjective judgment.

It is a fact that median prices are up YoY https://rocket.com/homes/market-reports/md/montgomery-county
Anonymous
Post 05/11/2025 14:01     Subject: The DOGE Downturn - Kensington
Not a great time to buy with all the volatility. I can imagine many are holding off to see what happens and when the hiring freeze lifts. But it’s to soon to identify any real impacts.
Anonymous
Post 05/11/2025 13:41     Subject: Re:The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:

+1 DOGE hasn’t done as much as you think.


You have to be kidding

https://www.axios.com/local/washington-dc/2025/05/07/home-inventory-spike-doge-layoffs


The court temporarily paused Trump's sweeping government overhaul/RIFs for two weeks:
https://www.npr.org/2025/05/09/nx-s1-5393777/trump-rifs-court-mass-layoff-doge

Anonymous
Post 05/11/2025 13:39     Subject: The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:Could just as easily be redistricting concerns.


Is Kensington Parkwood at risk for redistricting?


For middle and high school, yes.
Anonymous
Post 05/11/2025 13:36     Subject: The DOGE Downturn - Kensington
^^ this. My across the street neighbors house sold for above asking in under a week. Walkable to a HS, so unlikely to be redistricted
Anonymous
Post 05/11/2025 13:34     Subject: The DOGE Downturn - Kensington
Anonymous wrote:Could just as easily be redistricting concerns.


Is Kensington Parkwood at risk for redistricting?
Anonymous
Post 05/11/2025 13:05     Subject: Re:The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:

+1 DOGE hasn’t done as much as you think.


You have to be kidding

https://www.axios.com/local/washington-dc/2025/05/07/home-inventory-spike-doge-layoffs


We are heading toward a recession and listings are way up across the country. Again, DOGE has generated lots of headlines but is there any hard data about how the size of the federal workforce in DC has changed?
Anonymous
Post 05/11/2025 12:54     Subject: Re:The DOGE Downturn - Kensington
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.


+1 DOGE hasn’t done as much as you think.


+3 I agree too!

Chorus of the ignorant.


What percentage of fed employees have been Rifd?
Anonymous
Post 05/11/2025 12:51     Subject: The DOGE Downturn - Kensington
Anonymous wrote:I'm not sure how one can make a blanket statement about an area by cherry-picking three of the dingiest-looking houses they could find.


It's pretty clear that some of you have never been through this before. The average sales price is indicative of a trend, but this is how a real estate recession works. The average or mean sales price is just indicative of a trend, but what really happens is that the "dingy not perfect" houses are impacted much more than "perfect" houses. When the market is hot, people get desperate and overpay for houses with unfixable flaws (usually location). Perfect houses are always in demand, and may only hold their value, or have a slight decrease. The houses with flaws will sit and drop in price more.
Anonymous
Post 05/11/2025 12:50     Subject: The DOGE Downturn - Kensington
Could just as easily be redistricting concerns.