Anyone lucky enough to be living in or near the national capitals in the U.S. or Canada over the last four years lived through something few other homeowners in those countries experienced: home-price stability. Sure, in certain sections of city metros surrounding national capitals, home values softened, but for the most part homeowners saw little price deflation. That's because capital cities boast a very stable workforce of government bureaucrats and a panoply of private-sector consultants, lobbyists and contractors that feed the federal bureaucracies. In addition, in recent years, a number of companies have shifted major operations to capital city areas just to be closer to their government paymasters. "The largest movement of people occurs with the shadow government, whic...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.