Article

2025-02-17 Economy

‘Washington Recession Begins’: DC Active Home Listings Soar, Jobless Claims Spike As DOGE Drains Swamp

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Posted by NoMoreBS 2025-02-17 00:00|| || Front Page|| [11153 views ] Top

#1 Donald Tramp vampire hunter?

Posted by Grom the Affective 2025-02-17 03:10|| 2025-02-17 03:10|| Front Page Top

#2
Why does the Housing Crisis we saw around, 2007-15 quickly come to mind?

Where 1,000's of homes were quickly listed and at prices no mid-income family could pay.

Bankruptcies soared as owners could not sell.

Rental rates became ridiculous.

The overall end results. The Bank's, then the Taxpayers, inherited about 3 million homes and buildings before it was over.

Unemployment soared.

Posted by NN2N1 2025-02-17 06:13|| 2025-02-17 06:13|| Front Page Top

#3 With any luck at all we will witness the death of the nascent palace economy surrounding DC that has been building since Bill Clinton took office.

Not soon enough.

Posted by no mo uro 2025-02-17 08:31|| 2025-02-17 08:31|| Front Page Top

#4 Shit happens though

Posted by European Conservative 2025-02-17 08:35|| 2025-02-17 08:35|| Front Page Top

#5 This is actually a desired way to do things, EC.

Fire them all, hire back the ones we authentically need. I'm OK with this.

Posted by no mo uro 2025-02-17 08:38|| 2025-02-17 08:38|| Front Page Top

#6 And Google searches on:
- lawyers
- RICO statute
- BitBleach

soar....

Posted by Mercutio 2025-02-17 09:18|| 2025-02-17 09:18|| Front Page Top

#7 My Schadenfreude boner is so hard right now.

Posted by DarthVader 2025-02-17 09:34|| 2025-02-17 09:34|| Front Page Top

#8 A lot of the laid off Feds work outside the Washington DC area.

Let's see what happens after a month or two.

Posted by Lord Garth 2025-02-17 09:42|| 2025-02-17 09:42|| Front Page Top

#9 See kids are impressionable. Imitating what they see in the movies.

Posted by Procopius2k 2025-02-17 09:57|| 2025-02-17 09:57|| Front Page Top

#10 oops that should have gone to Good Morning.

Posted by Procopius2k 2025-02-17 09:58|| 2025-02-17 09:58|| Front Page Top

#11 @5
"Fire them all, hire back the ones we authentically need. I'm OK with this."

I prefer not to run my company this way. But then again, I KNOW who I need.

Posted by European Conservative 2025-02-17 10:03|| 2025-02-17 10:03|| Front Page Top

#12 There's a certain "Baby with the bathwater" uneasiness involved. Of course, that leads back to 1950's thinking that the gov't could actually get stuff done. FEMA kind of takes the air out of that one.

Posted by Mercutio 2025-02-17 10:13|| 2025-02-17 10:13|| Front Page Top

#13 #4,5 There was a case in Tel Aviv U. where an entire department in Medical faculty was abolished for a day (nullifies tenure) and then all the personel - bar one - were rehaired with full restitution.

Posted by Grom the Affective 2025-02-17 10:45|| 2025-02-17 10:45|| Front Page Top

#14 But then again, I KNOW who I need.

Yes. And you are not in a hostile takeover situation, where a large but unknown proportion of the staff have for nearly a decade been actively acting to undermine your orders while lying to you and your C Suite by omission and commission.

Posted by trailing wife 2025-02-17 10:45|| 2025-02-17 10:45|| Front Page Top

#15 A Glut of Residential Real Estate Is Hitting the Washington DC Market as the Government Sheds Employees

Posted by Skidmark 2025-02-17 11:53|| 2025-02-17 11:53|| Front Page Top

#16 I prefer not to run my company this way. But then again, I KNOW who I need.

If you run a for profit business, you must know who you need and who you don't or else you won't profit. Unfortunately, our federal government is not like that. They just tax and borrow to support all their bloat and corruption. It's high time we put a stop to it.

Posted by Abu Uluque 2025-02-17 12:42|| 2025-02-17 12:42|| Front Page Top

#17 And again, having worked in the private sector and having experienced layoffs, I sympathize with people who lose their job. But we can't keep people on the payroll if their services are no longer required. That's wasteful. We can't people on the payroll if they are incompetent, refuse to do their jobs or actively undermine the policies of elected office holders. And I don't see any reason why government workers should never fear that they might lose their job. Without that fear there is no accountability and, as a taxpayer, I demand accountability.

Posted by Abu Uluque 2025-02-17 12:58|| 2025-02-17 12:58|| Front Page Top

#18 In the biggest house recession in 2007/2008 the one area that never saw a drop in housing prices was Arlington VA. Looks like Karma is visiting Arlington VA.

Posted by Airandee 2025-02-17 13:27|| 2025-02-17 13:27|| Front Page Top

#19 As you consider the human, sympathetic side of what is happening in the DC area, take a look at this and consider the role those folks historically and collectively played in saddling YOU and you grand-kids with this mess!

https://www.usdebtclock.org/#

Posted by NoMoreBS 2025-02-17 13:55|| 2025-02-17 13:55|| Front Page Top

#20 Re #13: I want to hear more about the scalping thing

Posted by Mercutio 2025-02-17 14:16|| 2025-02-17 14:16|| Front Page Top

#21 #20 ???

Posted by Grom on palmtop 2025-02-17 14:39|| 2025-02-17 14:39|| Front Page Top

#22 ...may they enjoy the fate of many mining towns when the gold ran out.

Posted by Procopius2k 2025-02-17 16:18|| 2025-02-17 16:18|| Front Page Top

#23 the scalping thing

Grom, he’s teasing you about your very cute typo:

and then all the personel - bar one - were rehaired with full restitution.

Posted by trailing wife 2025-02-17 16:26|| 2025-02-17 16:26|| Front Page Top

#24 🤬

Posted by Grom the Affective 2025-02-17 17:44|| 2025-02-17 17:44|| Front Page Top

#25 This reminds me of what happened to many IBMers in 1993, when IBM laid off 60000. The Hudson Valley was particularly hard hit - there were 3 sites in the valley.
When I started in 1969, they bragged that IBM hadn't laid people off even during the Depression.

Posted by Rambler 2025-02-17 18:33|| 2025-02-17 18:33|| Front Page Top

23:59 JohnQC
21:31 Frank G
19:40 Super Hose
19:38 swksvolFF
19:38 Super Hose
19:35 Super Hose
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18:42 Bobby
18:39 Rambler
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18:32 swksvolFF
18:29 Rambler
18:20 Besoeker
18:09 NoMoreBS
18:02 NoMoreBS
17:44 Grom the Affective
17:39 Beavis
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17:27 Beavis
17:14 Lord Garth