In short - very little.
It's funny that the Washington Post featured an article todaydiscussing administration changes and their effects on the D.C. and Northern VA real estate markets. I had lunch today with one of my best friends who happens to work in the West Wing - just like her, many of her fellow West Wing-ers will be out of a job as of January 20th. So inevitably I asked, "so...who's helping the big guys transition to the area?"
Her response - "most of them already live here. And the ones that are out of a job in January will stick around."
Quickly deflating my balloon of Hope, I realized that I had just had a "duh" moment. Junior staffers currently working at the White House mostly rent, and the ones that will be coming in will most likely follow suit. As for the Chief of Staff, his Deputy, the rest of the President's Cabinet...they'll probably take jobs with lobbying firms right here in Washington.
While I would love to help President Bush sell his beautiful 1600 Pennsylvania Ave house, looks like he already has a buyer for it.
The greatest effect of the election will be in policies implemented, and any rescue plans he plans to implement to jump-start the economy. In case you're not up to speed, here's a recap of what Obama plans to do to help the housing market as part of economic recovery plan.
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