Bubble Prick!
CNN Money writes that the bubble may be bursting with new home order cancellations.
Very interesting. I personally cannot stand all the traffic here in DC especially in the outlying suburbs where I work. It drives me bonkers. I left the office at 7pm tonight and there was still a lot of traffic to get home in to Arlington.
I think DC will still remain a strong market because the tech jobs aren’t going to disappear. Even if Carl Icahn breaks up Time-Warner, AOL will still be a bedrock in Dulles. The Federal government is shifting so many offices out to the suburbs that some happy new little Beltway Bandit startup firm will move in to take its Class A office space in Arlington and life will continue here. I can only hope that the condo market doesn’t collapse with the opening of a lot of new units next year.
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