This is absolutely insane:
— The Kobeissi Letter (@KobeissiLetter) February 15, 2025
Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.
In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.
What is happening? Let us explain.
(a thread) pic.twitter.com/rPyp4fFvzN
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Bankruptcies and mortgage defaults incoming. I’d be having a panic attack if I were a bank manager in the D.C. area.
Ha-Ha
Couldn’t have happened to “nicer” pieces of s#it.
Perhaps the value of DC homes is leveling off? It’s super expensive to live in DC; maybe now it will be more affordable. It’s part of the cleansing process.