Rents are dropping across the US

Re:Rents are dropping across the US by johnbellone on Wednesday June 17, 2020 @04:15PM (#23556184)

This is very real; anecdotally, I am considering vacating the Washington D.C. metro area for this exact reason. The biggest difficulty is uncertainty of government roles, e.g. back to work/office, in the future depending on the posture of the administration. The market is booming here and there aren't any slumps in pricing or inventory.

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Re:Rents are dropping across the US by ghaff on Wednesday June 17, 2020 @04:19PM (#23556234)

Yeah. I work for a company that's pretty remote-friendly and I've been effectively remote for a while even though I'm officially in an office (though without a desk). So most of us wouldn't really worry too much about moving to a location that wasn't commute-friendly any longer.

But I see concern if you're with someone that hasn't really made any statements or really provided any indications beyond "for the duration of the emergency."

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Re:Rents are dropping across the US by francisofascii on Wednesday June 17, 2020 @04:58PM (#23556675)

During the housing crisis the exurbs suffered price slumps, but core housing did not. This time the opposite might happen exacerbating DC sprawl. People will work more days remote and housing in Leesburg/Frederick will become more doable/attractive.

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Re:Rents are dropping across the US by blaser-waffle on Thursday June 18, 2020 @10:07AM (#23563227)

Shoot, Stafford and Prince William Counties became same of the wealthiest counties in the US years ago -- top 20 in the whole USA.

Source: https://en.wikipedia.org/wiki/List_of_highest-income_countie...

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Re:Rents are dropping across the US by duxup on Wednesday June 17, 2020 @04:24PM (#23556283)

I think the DC area has often held up if only because of the nature of the federal government shrinking dramatically is a slower / less likely process.

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