3 ms·
My understanding is that the Washington D.C. metropolitan area, which includes Alexandria/Arlington is one area in the country that is all but recession proof d
by heymijo 7y ago
My understanding is that the Washington D.C. metropolitan area, which includes Alexandria/Arlington is one area in the country that is all but recession proof due to the high number of federal government and associated jobs. Thus loss of tax revenues and reduced property values just aren't a thing in this region.
- c0restraint 7y agoI don’t know... We’re they spared the wrath of the last recession?
- cpitman 7y agoThe one thing it is not is Federal government Shutdown proof (https://www.washingtonpost.com/local/shutdown-is-an-unwelcome-reminder-of-the-dc-regions-vulnerability-to-federal-dysfunction/2019/01/12/a53438e2-15d8-11e9-803c-4ef28312c8b9_story.html https://www.washingtonpost.com/local/shutdown-is-an-unwelcom...). Diversification is valuable in itself.
- kevinconaway 7y agoPerhaps if you look at the whole region but this specific area, Crystal City, was devastated by the BRAC[0] program which moved a bunch of government agencies, offices, and their associated contractors out of this area. [0] https://patch.com/virginia/arlington-va/northern-virginia-commercial-real-estate-market-suffers-losses https://patch.com/virginia/arlington-va/northern-virginia-co...