Posted on 04/05/2025 1:12:11 PM PDT by MinorityRepublican
The Washington DC housing market is in a standstill as federal employees' cushy salaries are still under threat by Elon Musk's Department of Government Efficiency (DOGE) cuts.
More than 25,000 rental properties and 9,800 homes are listed in the DC Metro area, with nearly 10,000 rentals and 500 homes just in the District of Columbia alone as of early April, according to Zillow.
And although Spring is always a hot time on the market for sellers, buyers are hesitant to snap up homes as their federal and federally-adjacent jobs are still under the threat of massive layoffs as Musk worked to dismantle the government sector.
And although Spring is always a hot time on the market for sellers, buyers are hesitant to snap up homes as their federal and federally-adjacent jobs are still under the threat of massive layoffs as Musk worked to dismantle the government sector.
'[There's a] fear of making big purchases,' Charlie Latimer, 31, a DC-area lender, told DailyMail.com. 'People are afraid of a recession.'
Roughly 40 to 50 percent of Latimer's customers' professions have some connection to the government and he found his clients were holding off on getting loans for their homes due to the uncertainty in the job market.
And roughly 20 percent of his clients have a 'fear of getting laid off', he told DailyMail.com.
Latimer and Keller Williams Realtor, Omer Reshid, 24, are seeing potential homebuyers being a 'little more scared' to seal the deal.
(Excerpt) Read more at dailymail.co.uk ...
Since when was Washington DC an *iconic city*??????
Deep staters and bureaucrats getting a taste of what life is like for the rest of us?
WINNING!!!
I love the smell of napalm in the morning.
Honestly, it's beautiful. The Potomac. The Monuments. Rock Creek Park.
Great News!!!
The UK’s Deep State says so.
And its mouthpiece reports it.
Check out the reporter’s resume.
The DM got exactly what it wanted.
Waaaaaaahhhhhh!
The real estate crash in metro DC is just getting started.
Late summer and early fall are going to blow people’s minds.
A good sign. As the gov't and its seat goes down, the rest of the country goes UP!!!
The vermin living there ruin the view .
Boo frickin’ hoo.
President Trump is a real estate man.
Just what I was thinking.
“...25,000 rental properties and 9,800 homes
are listed in the DC Metro area,
with nearly 10,000 rentals and 500 homes
just in the District of Columbia alone
as of early April, according to Zillow...”
-
Does not mean much unless we know
what those numbers were in the past.
Laughable BS story from the Laughable Daily Mail.
Good. Get rid of the leeches and bring back the mosquitos. They’re both bloodsuckers but the mosquitos aren’t as greedy.
It used to be iconic......now it’s just a shithole thanks to that POS mayor and her ilk.
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