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DC House Prices Slashed As DOGE Targets Federal Workers


Published on 2025-02-17 15:00:39 - Newsweek
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  • 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 ]