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Old 10-01-2011, 04:33 PM
 
2,879 posts, read 7,811,639 times
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If they are paying 600+ for a home in a flood plain, they must not be so educated, after all.

How many bus-drivers would be canned before the first administrator is terminated?
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Old 10-01-2011, 04:37 PM
 
19,198 posts, read 31,578,330 times
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Bad Math of the Year Award goes to those who believe you can have first-class amenities, low taxes, and no deficits...
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Old 10-03-2011, 09:51 AM
 
Location: The Port City is rising.
8,868 posts, read 12,629,934 times
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I have a hard time believing that the discretionary spending, including (perhaps especially) DoD will not decrease some. How much will be at DC area HQ will depend on particular agencies. A big question - if DC area commands of the DoD are cut, and prices here decrease, will DoD relocate commands from other areas toward metro DC? I don't know.

Yes, lower housing prices resulting from Federal cuts would probably result in more location of jobs not as federally oriented towards here. Thats one way the market would equilibrate. I doubt it would be 100% replacement though.

Will close in areas avoid decreases - well its true that theres been an overall strength in the better close in areas over the last few years, reflecting a number of factors. OTOH theres a lot of new condo product coming in line in response to that strong market.

Will any decrease likely be short term - probably. OTOH if someone is deciding whether to buy NOW or to wait a bit, thats a reasonable consideration.
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Old 10-03-2011, 08:06 PM
 
Location: Maryland
18,630 posts, read 19,507,934 times
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Quote:
Originally Posted by DenaliGMC View Post
Ok maybe crash is a strong word but are they going to come down? Considering how in the upcoming decade the Fed Gov is going to be slashing spending.

Thoughts?
Don't bet on it. This region is undergoing a Manhattanization of sorts. The close in suburbs may experience some softening as incomes pull back a bit but don't expect anything major.
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Old 10-03-2011, 08:38 PM
 
Location: Leesburg
799 posts, read 1,295,530 times
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The NOVA market did its correction. What you see now is sustainable. Maybe we see less fed spending and some fallout from that. The bigger hurt is the collapse of state and municipal spending. Virginia is in very good shape.
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Old 10-05-2011, 10:48 AM
 
1,223 posts, read 2,279,010 times
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Quote:
Originally Posted by globalburgh View Post
The NOVA market did its correction. What you see now is sustainable. Maybe we see less fed spending and some fallout from that. The bigger hurt is the collapse of state and municipal spending. Virginia is in very good shape.
I disagree. NoVA prices are out of control. Crash may be strong, but I wouldnt be surprised if a double dip occurred around here. If they slash jobs then the skilled workers will go to other areas of the country and leave their homes on the market. It seems extreme, but when you think about it, that's the most likely eventual scenario.
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Old 10-05-2011, 12:35 PM
 
Location: DMV
10,125 posts, read 14,062,873 times
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Quote:
Originally Posted by khuntrevor View Post
If they are paying 600+ for a home in a flood plain, they must not be so educated, after all.

How many bus-drivers would be canned before the first administrator is terminated?
Why are you such a hater? You sound jealous. What exactly are you doing that's so great? It's hard to throw rocks out a glass house.
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Old 10-05-2011, 12:54 PM
 
Location: Leesburg
799 posts, read 1,295,530 times
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Quote:
Originally Posted by Deeman804 View Post
I disagree. NoVA prices are out of control. Crash may be strong, but I wouldnt be surprised if a double dip occurred around here. If they slash jobs then the skilled workers will go to other areas of the country and leave their homes on the market. It seems extreme, but when you think about it, that's the most likely eventual scenario.
We burped the bubble. Now, credit is very tight even with mortgage rates at historical lows. What's left are people with top-end liquidity who can refi or buy. Amazingly, a lot of those very people already live in NOVA or will be moving to NOVA.

I had to leave a home in the Denver market to come here. I can tell you that there isn't anywhere else in the entire United States that can justify such a move. Maybe somewhere in the Texas Triangle. Maybe Pittsburgh. But that's it.
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Old 10-05-2011, 01:16 PM
 
Location: Virginia
18,717 posts, read 31,222,712 times
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Quote:
Originally Posted by Deeman804 View Post
I disagree. NoVA prices are out of control.
Out of control? Usually that's something people say when prices are rising rapidly, but that hasn't been the case for about 5 years. IMO the market has basically stabilized, and my guess is it will probably stay on this plateau for at least another 5 years.
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Old 10-05-2011, 03:53 PM
 
19,198 posts, read 31,578,330 times
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Quote:
Originally Posted by Deeman804 View Post
It seems extreme, but when you think about it, that's the most likely eventual scenario.
YMMV. In my view, the most likely eventual scenario is that gaggles of overblown gloom-and-doomers will be proved entirely wrong for the nth consecutive time and will learn nothing from it at all, continuing on in their contrived and painfully stylized manners to assure the approach of gloom-and-doom over yet something else again.
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