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(Yahoo)   Commercial Real Estate is recovering in two markets; of course, that means it's going to get better everywhere real soon now   (finance.yahoo.com ) divider line
    More: Unlikely  
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724 clicks; posted to Business » on 16 May 2011 at 12:41 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



19 Comments     (+0 »)
 
 
2011-05-16 12:55:54 PM  
I need housing prices to drop another 10% to be able to afford a decent house.

Make it happen!
 
2011-05-16 01:10:22 PM  
Washington DC housing market recovering? It really didn't take that big of a hit compared to other places. In some neighborhoods (McLean), prices didn't even dip to a noticeable degree.

The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.
 
2011-05-16 01:28:31 PM  
...now listing my house as an ambulance
 
2011-05-16 01:35:18 PM  

syberpud: Washington DC housing market recovering? It really didn't take that big of a hit compared to other places. In some neighborhoods (McLean), prices didn't even dip to a noticeable degree.


Their lack of declines might be because of a lack of foreclosures. Price discovery is inevitable, so I don't know how home prices can double in a decade with only a 40% corresponding increase in household income.

syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.


Psychological perhaps.
 
2011-05-16 01:44:25 PM  
syberpud

"fat cat government employees" is not one of them.

Actually, it is. Increase in government jobs in DC increases supply.

gedanken experiment...move EVERY federal government job to Topeka tomorrow. What will happen to housing prices in DC metro?
 
2011-05-16 01:53:33 PM  

Tjos Weel: gedanken experiment...move EVERY federal government job to Topeka tomorrow. What will happen to housing prices in DC metro?


No. This area is special.
 
2011-05-16 02:04:17 PM  
wolvernova

This area is special.

I agree, in a special-ed kind of way.

I have no clue why you still live there instead of somewhere reasonable.
 
2011-05-16 02:06:10 PM  

syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.


It's the "fat cat government contractors"
 
2011-05-16 02:07:36 PM  
DC's *should* have a lot further to crash, but the influx of greaseball lobbyists over the last couple of decades has propped it up.
 
2011-05-16 02:08:23 PM  

syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.


Sure it is.
 
2011-05-16 02:09:29 PM  

SacriliciousBeerSwiller: syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.

Sure it is.


Lemme fix that: fat cats doing special interest government-related work.

Most government employees don't make a ton.
 
2011-05-16 02:13:44 PM  

SacriliciousBeerSwiller: SacriliciousBeerSwiller: syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.

Sure it is.

Lemme fix that: fat cats doing special interest government-related work.

Most government employees don't make a ton.


theefaction.files.wordpress.com
 
2011-05-16 02:16:40 PM  
This is good news for the empty storefront a block up that's been sitting vacant for close to 4 years. It's even better news for the one across the street that just became vacant last month. Recovery is nigh!
 
2011-05-16 02:19:13 PM  
Haters gonna hate.
 
2011-05-16 02:20:36 PM  

Tjos Weel: I agree, in a special-ed kind of way.

I have no clue why you still live there instead of somewhere reasonable.


Family and friends are here. In the middle of getting my masters' degree and don't want to lose in-state tuition. Too unmotivated to find a job elsewhere.

12349876: It's the "fat cat government contractors"


It's not as lucrative as it sounds. We're not pulling Wall St money over here, at least nobody I know. My govt friends make roughly the same.

SacriliciousBeerSwiller:
Most government employees don't make a ton.


Their compensation is roughly the same as contractors, and their job security is unbeatable for non-union workers.
 
2011-05-16 02:40:10 PM  
The market in Seattle has been mostly insulated compared to other cities. Thankfully our tech bubble burst before the downturn which which led to a diversification of tenants that can afford the spaces they're leasing. That, and the fact Microsoft leases millions of square feet.
 
2011-05-16 04:21:17 PM  
Does commercial real estate parallel housing prices? Serious question. Seems like commercial would lead housing?
 
2011-05-16 04:42:04 PM  

SacriliciousBeerSwiller: SacriliciousBeerSwiller: syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.

Sure it is.

Lemme fix that: fat cats doing special interest government-related work.

Most government employees don't make a ton.


I used to think that they didn't make a whole lot, but having known a couple of people that work for departments of agriculture and transportation, they can pull in over 100k plus great benefits. And that woman was a purchasing agent at a small hvac company before. Not many other places have the number of people making that type of money without an advanced degree out owning a business. You have a husband and wife team pulling in 200k and that will but a nice house...
 
2011-05-16 06:29:53 PM  

UNHbeta19: SacriliciousBeerSwiller: SacriliciousBeerSwiller: syberpud: The DC metro area has a lot of other issues that cause the high real estate prices, and no, "fat cat government employees" is not one of them.

Sure it is.

Lemme fix that: fat cats doing special interest government-related work.

Most government employees don't make a ton.

I used to think that they didn't make a whole lot, but having known a couple of people that work for departments of agriculture and transportation, they can pull in over 100k plus great benefits. And that woman was a purchasing agent at a small hvac company before. Not many other places have the number of people making that type of money without an advanced degree out owning a business. You have a husband and wife team pulling in 200k and that will but a nice house...


They do very well for themselves. Part of the reason when I hear people whining about what the absence of public unions will do, I think they're smoking crack. My non-union govt friends and coworkers do VERY well. If it's not apparent in their paychecks alone, it's definitely apparent in their benefits.
 
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