Will Washington, DC Real Estate Get A Huge Bump From The Election?
By Patricia Kennedy, Home in the Capital
(RLAH@properties)
Yesterday, I got an email with a link to a site called NewGeography, and an interesting post by a guy named Peter Smirniotopoulos. And wow! Talk about being optimistic about the immediate future for business in my town - he's predicting that the election will generate 40,000 real estate transactions. I wish. But I think Peter is overly optimistic, even by my standards! Here's how it really works. Yes, there will be some people leaving federal jobs and returning to wherever they moved here from. And there will be a bunch of jobs to fill. And oh my! If that's all it took to create a real estate transaction! But here's how it really works. Of the people leaving government, many will stay put and take jobs in local law firms and consulting outfits - in or out of government, these pe...
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