Coast to Coast

What do D.C. and Sacramento have in common?
1) Lots of government employees in tennis shoes at lunch time (stable employment)
2) Overbuilt suburbs that are rapidly loosing their value, while desirable neighborhoods near downtown are still treading water.

In D.C. this week on business. Report from the trenches is things are not great here either. Have two co-workers holding off on purchasing till another year or so, and another one is underwater on his mortgage.