Thu, February 20, 2025
Wed, February 19, 2025
Tue, February 18, 2025
Mon, February 17, 2025
Sun, February 16, 2025
Sat, February 15, 2025
Fri, February 14, 2025

DC House Prices Slashed As DOGE Targets Federal Workers

  Copy link into your clipboard //politics-government.news-articles.net/content/ .. ces-slashed-as-doge-targets-federal-workers.html
  Print publication without navigation Published in Politics and Government on by Newsweek
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  New listings in Washington, D.C., have risen over the past few weeks, as mass layoffs leave federal workers uncertain about their future.

The article from Newsweek discusses the potential impact of a significant reduction in federal workers in Washington D.C., following a proposal by Elon Musk's Dogecoin Foundation to cut federal jobs by 90%. This drastic measure, if implemented, could lead to a collapse in the local housing market. The article highlights that federal employees make up a large portion of D.C.'s workforce, and their exodus would drastically reduce demand for housing, leading to plummeting property values. Real estate experts quoted in the piece suggest that such a policy would not only affect the housing market but could also have broader economic implications for the city, including reduced consumer spending and a potential increase in crime due to economic distress. The article also touches on the political and social reactions to this proposal, with many residents and local officials expressing concern over the stability and future of the city.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/dc-house-prices-collapse-doge-cuts-federal-workers-2032064 ]