Democrats Prepare for the Big House

I came across an article today with a graphic showing a map of Washington, D.C. with tags indicating asking prices for homes that had just gone on the market. The article claimed that the D.C. housing market had dropped 36% in one week. I’ve been utilizing the “Bongino Rule,” waiting 24-72 hours before commenting on an inflammatory story until more facts are revealed.

But I quickly came across similar, related stories, as well as a phenomenal thread on ‘X’ from Ted Cruz. Why is it, do you suppose, that so many people (some 15,000 at last report) in D.C. have put their homes up for sale that the glut has caused the market to drop by 36%? Maybe it has something to do with news suggesting that the Department of Government Efficiency (DOGE) is proposing even more layoffs. This could lead to an exodus of federal employees from the city. Maybe people are preparing for potential job loss or relocations.

Median home prices in the D.C. area exceed $500,000. If or when that market drops, sellers who fear further economic downturns will want to capitalize on current market conditions before they worsen. Once supply exceeds demand, prices will drop, creating a buyer’s market. A homeowner in this environment can quickly find himself “underwater” on his mortgage payments, where he owes more than his home is worth. In these cases, urgency among sellers to “get out while the getting is good” can cause markets to drop even further.

A little bit later this morning, I came across another story wherein the author reported spikes in internet searches on terms like “RICO laws,” “criminal defense attorneys,” “statute of limitations,” and “offshore bank accounts.” Guess where these spikes occurred? Right. Washington, D.C.

More