You can't lose on the right property, Nip. First, you don't know how much these sacked Washingtonites paid for their property. They could still hold equity even following a significant drawdown. Second, the buyers of those discounted homes will probably do very well after the Trump madness is eventually nullified and things revert to a semblance of normality. As you surely know there are always winners and losers in any investment, the quintessential transfer of wealth, and RE is little different if one is over leveraged and a portion of the sectors hits a speed bump - like mining towns where the mine runs dry. But Washington is not a two-bit mining town and destined to recover.
