Well No Va has a huge IT corridor building up in the private sector. Boeing and Northrup are defense contractors here for the Pentagon teet but lot of growth in private sector makes real estate investing here so worthwhile. And those guys pay high rents
I agree, I saw some charting that seemed to make a lot of sense pushing inflation out into December at like 9.6 yoy. Seems right to me and looking like inflation has found another gear with used cars pushing up again. I haven’t liked this market for months. I knew the dollar had to get stronger because of global macro forces in insecure times benefits the dollar and now the Fed has Big ideas too but the rest of the world will now push rates up too and that should do it, it will be nothing but turtles all the way down sooner than later.
Welcome to the party CNBC… https://www.cnbc.com/2022/06/10/inf...o-worries-that-recession-is-already-here.html
The drive from the Beltway out to Dulles used to be miles of open green fields on both sides of the freeway. Now its almost solid Aerospace and Technology all the way there on both sides. I've got little pensions from several of those companies. Never could understand why people live in Maryland. Virginia is much better for taxes and services etc.
Not sure when the last time you were here but the Dulles Toll Road is now a major corridor of office buildings, housing communities and town centers. Also the Silver Line was opened a few years ago with stops at Tysons and further on and development all along the new metro line in 5 years exploded. The line goes to Dulles and is planned to go out even further. WHen I first moved to the area in the 1990s, Reston was the boonies and you were waaaay out in the country (which is crazy because that is like 40 mins from D.C.). Now it is the suburbs of D.C.
Crypto was always going to be the first to be thrown overboard because there is literally zero underlying value… https://www.cnbc.com/2022/06/13/bit...t-focuses-on-celsius-issue-fed-rate-hike.html