Para – you are making the point I was hinting at. In some areas, DC housing prices have risen since the bubble burst because of government spending. Will the Super Committee cuts finally end the party? If so, how long will it take?

Prices have fallen dramatically in outlying areas. Traffic makes those areas a tough sell.

I also agree with BG – DC is an exciting area with terrific schools and well run state governments all around. I don’t expect deep discounts, just some acknowledgement that there is in fact a great recession in progress.