Anonymous wrote:The fired feds are being hired back to their jobs as contractors.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm not a fed or fed adjacent, but I also thought the housing market would be hit hard. To be fair, it's not has hot as it was preTrump.

The houses in my DC suburb just outside the beltway are going for $1mil+, albeit sitting longer. The people I know who live in my neighborhood aren't feds, though some are fed adjacent. We have a lot of lawyers (non fed), health and IT workers in my area.

If you were fed or fed adjacent, you would have known that the best most feds can buy is a condo, unless they have a wealthier non fed spouse or buy a sfh in the far off suburbs.

And those who were laid off with the wealthier non fed spouse don't have to sell their house.

It's why the condo market is flat right now.

The condo market is flat right now because the condo market is the first to fall in DC if there's any kind of ripple in the economy. It's perpetually flat.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

How many feds did you think could afford those homes? Many rent, or own suburban townhouses, or commute from the exurbs. I know multiple feds who commute from WV or from places like Triangle.

The few who have homes close-in typically have a non-fed spouse who can support that payment.

This is not true. Many federal government employees, like mine, live in rowhouses or duplexes in Northeast DC, single family homes in Takoma Park, Maryland, Silver Spring, and other parts of MoCo, single family homes in all parts of PG County, and sprinkled throughout the region. Some bought before prices skyrocketed in the early 2000s, some have family money, some have two federal government employees.

Anonymous wrote:It was MAGAs and Fox News who said that.

There actually were very few layoffs because DOGE was remarkably ineffective, so we really don't know what would have happened if there had been large-scale layoffs and reduction of government spending. Trump has grown the size of government more than any other president before him.

Anonymous wrote:No one with any intelligence said that.

Anonymous wrote:

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

Anonymous wrote:

Anonymous wrote:I'm not a fed or fed adjacent, but I also thought the housing market would be hit hard. To be fair, it's not has hot as it was preTrump.

The houses in my DC suburb just outside the beltway are going for $1mil+, albeit sitting longer. The people I know who live in my neighborhood aren't feds, though some are fed adjacent. We have a lot of lawyers (non fed), health and IT workers in my area.

If you were fed or fed adjacent, you would have known that the best most feds can buy is a condo, unless they have a wealthier non fed spouse or buy a sfh in the far off suburbs.

And those who were laid off with the wealthier non fed spouse don't have to sell their house.

It's why the condo market is flat right now.

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

Some people predicted DC would be the next Detroit

Anonymous wrote:

Anonymous wrote:I dunno, I thought it would because so many dual-income govt workers would have to move out of the city. Maybe people are still hanging on somehow.

How many feds did you think could afford those homes? Many rent, or own suburban townhouses, or commute from the exurbs. I know multiple feds who commute from WV or from places like Triangle.

The few who have homes close-in typically have a non-fed spouse who can support that payment.

Anonymous wrote:

Anonymous wrote:I'm not a fed or fed adjacent, but I also thought the housing market would be hit hard. To be fair, it's not has hot as it was preTrump.

The houses in my DC suburb just outside the beltway are going for $1mil+, albeit sitting longer. The people I know who live in my neighborhood aren't feds, though some are fed adjacent. We have a lot of lawyers (non fed), health and IT workers in my area.

If you were fed or fed adjacent, you would have known that the best most feds can buy is a condo, unless they have a wealthier non fed spouse or buy a sfh in the far off suburbs.

And those who were laid off with the wealthier non fed spouse don't have to sell their house.

It's why the condo market is flat right now.

Anonymous wrote:I'm not a fed or fed adjacent, but I also thought the housing market would be hit hard. To be fair, it's not has hot as it was preTrump.

The houses in my DC suburb just outside the beltway are going for $1mil+, albeit sitting longer. The people I know who live in my neighborhood aren't feds, though some are fed adjacent. We have a lot of lawyers (non fed), health and IT workers in my area.