Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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

I seriously doubt that.

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.

Anonymous wrote:

Anonymous wrote: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.

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

Not going to happen.

Anonymous wrote:

Anonymous wrote: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.

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

I seriously doubt that.

Anonymous wrote: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.

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

My money is on YES. Buy now or pay more later. Just my opinion.

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.

Anonymous wrote:

Anonymous wrote:Unlikely Trump will win. Biden is going to step aside and make way for a Kamala / Sen. Mark Kelly ticket which will enthuse the Dems and lead to a Democratic victory.

Economic prosperity will continue, housing prices will rise and it'll be a great time to have already bought.

I agree. All the experts agree that one thing is for certain - regardless of the interest rates, housing prices are forecasted to rise this year, next year, and for the foreseeable future.

If you can, it is wise to buy now.

Anonymous wrote:Unlikely Trump will win. Biden is going to step aside and make way for a Kamala / Sen. Mark Kelly ticket which will enthuse the Dems and lead to a Democratic victory.

Economic prosperity will continue, housing prices will rise and it'll be a great time to have already bought.

Unlikely Trump will win. Biden is going to step aside and make way for a Kamala / Sen. Mark Kelly ticket which will enthuse the Dems and lead to a Democratic victory.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd worry much more abotu what happens in November. I wouldn't buy anything right now.

I was wondering when someone would come and say this.

I’m a fed and a single mom. I bought in 2022 and currently have about 30% equity. I am starting to get scared that I will be underwater and unemployed, and SOL. Then it will hardly matter what interest rates are.

I'm sorry. You should be prepared for at least the possibility that your job will be relocated to some flyover hellhole. The number of federal workers (or contractors) employed in the DMV is going to be cut pretty seriously if Trump wins... the question is how seriously. He will try to shutter whole agencies—EPA for instance, DOE is going to be a skeleton crew if he has his way... Personally, I don't think he's going to be able to pull off anything that big, but there's going to be an exodus, for sure. And the people who aren't cut or relocated are going to be very unhappy, because there will definitely be a management directive to be unpleasant to the "deep state".

I'm not buying now because I'm pretty sure that this time next year there's going to be a lot of inventory on the market from people leaving.

At least we know that the new Trump Nazis will keep their lawns looking nice, so you’ll save on HOA fees.

Ironically, they all live in places like City Center. But the MAGA types have long gloated about the idea of seeing DC return to its 1980s days—vacants, cratered prices, feeling of a war zone... they hate cities, they hate liberal cities, they hate communities of prosperous federal employees. I'm not going out on a limb or being overly political... remember this gem?

https://www.washingtonian.com/2016/03/23/iowa-congressman-rod-blum-wants-dc-recession-the-wharf/

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd worry much more abotu what happens in November. I wouldn't buy anything right now.

I was wondering when someone would come and say this.

I’m a fed and a single mom. I bought in 2022 and currently have about 30% equity. I am starting to get scared that I will be underwater and unemployed, and SOL. Then it will hardly matter what interest rates are.

I'm sorry. You should be prepared for at least the possibility that your job will be relocated to some flyover hellhole. The number of federal workers (or contractors) employed in the DMV is going to be cut pretty seriously if Trump wins... the question is how seriously. He will try to shutter whole agencies—EPA for instance, DOE is going to be a skeleton crew if he has his way... Personally, I don't think he's going to be able to pull off anything that big, but there's going to be an exodus, for sure. And the people who aren't cut or relocated are going to be very unhappy, because there will definitely be a management directive to be unpleasant to the "deep state".

I'm not buying now because I'm pretty sure that this time next year there's going to be a lot of inventory on the market from people leaving.

At least we know that the new Trump Nazis will keep their lawns looking nice, so you’ll save on HOA fees.

Anonymous wrote:

Anonymous wrote:I'd worry much more abotu what happens in November. I wouldn't buy anything right now.

I was wondering when someone would come and say this.

I’m a fed and a single mom. I bought in 2022 and currently have about 30% equity. I am starting to get scared that I will be underwater and unemployed, and SOL. Then it will hardly matter what interest rates are.

I'm sorry. You should be prepared for at least the possibility that your job will be relocated to some flyover hellhole. The number of federal workers (or contractors) employed in the DMV is going to be cut pretty seriously if Trump wins... the question is how seriously. He will try to shutter whole agencies—EPA for instance, DOE is going to be a skeleton crew if he has his way... Personally, I don't think he's going to be able to pull off anything that big, but there's going to be an exodus, for sure. And the people who aren't cut or relocated are going to be very unhappy, because there will definitely be a management directive to be unpleasant to the "deep state".

I'm not buying now because I'm pretty sure that this time next year there's going to be a lot of inventory on the market from people leaving.

Don't wait until the FED drops rates. I would buy knowing you can. Prices are forecasted to go up this year and next year.

Demand will increase when the fed cuts rates.
Buy now!

Historically, when rates drop, housing prices go up.