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Message
re: 40% of DC restaurants likely to close this year
Posted on 3/23/25 at 12:40 pm to kywildcatfanone
Posted on 3/23/25 at 12:40 pm to kywildcatfanone
quote:When visiting the city, my impression is that those Visa cards mostly belong to lobbyists and the like, spending money to dine government employees who cannot afford those restaurants themselves.
DC ... restaurants are elegant with ridiculous pricing. They clearly were living off taxpayer visa cards
2
Posted on 3/23/25 at 12:49 pm to AggieHank86
And according to Bessent those lobbyists were being funded by the taxpayers.
Posted on 3/23/25 at 12:50 pm to UncleFestersLegs
quote:
per capita GDP of DC is double that of any state and it would also rank #1 in per capita income
GOVERNMENT Domestic Product?
Their public schools spend more money on students, too - how's that working out?
Posted on 3/23/25 at 12:51 pm to RohanGonzales
quote:yes. Ground zero for graft and corruption
GOVERNMENT Domestic Product?
Posted on 3/23/25 at 12:52 pm to dnm3305
Well it’s sad because I highly doubt restaurant owners knew their rich patrons were frauds
Posted on 3/23/25 at 12:54 pm to AggieHank86
quote:
government employees who cannot afford those restaurants themselves.
Lobbyists ain't paying for the dinner of some low- wage drone
Posted on 3/23/25 at 1:00 pm to TigerAxeOK
quote:
In DC? It's already imploding.
It's not. DC had one of the lower appreciation of price since 2020 at approximately 30%. Prices in most areas are holding steady. The doomsday folks look at median and average price, and sure that is going down; however, that's because of weakness in condos and condo rentals. That was happening well before DOGE. SFH prices are relatively stable.
Posted on 3/23/25 at 1:06 pm to BuckyCheese
What has actually changed? Is catering no longer happening? What number of DC bureaucrats and NGO employees have actually lost jobs?
Posted on 3/23/25 at 1:29 pm to Jake88
quote:
What has actually changed? Is catering no longer happening? What number of DC bureaucrats and NGO employees have actually lost jobs?
Would imagine the majority of restaurants closing are small business types which serve everyday workers. The current administration been laying off and moving jobs out of the DC area. These are middle class jobs mostly, so would imagine they were the bulk of the business
Posted on 3/23/25 at 1:39 pm to GeauxBurrow312
quote:
DC is very expensive. You can’t build vertically which inflates home and rent prices. Food and drink is ridiculous. I haven’t been back to DC since before WuFlu, and back then a domestic would run you nearly $10 after tax and tip
I went to NoVa twice on business before 2020, the data center part of town. A Bud Light was $7+ dollars anywhere, from the Marriott Courtyard bar to the sports bar down the street, the prices were absurd. I didn't care or think much at the time about because it was all on the company card, but in hindsight, it's absolutely inflated by all the insane government money flowing through that area. If you make $300k a year as some data analyst that would be a $35k h1b job in the private sector, multiply that by a million, absolutely everything in that area is going to go up in price, micro-inflation.
Posted on 3/23/25 at 2:31 pm to BuckyCheese
I bet McDonald's will survive lol
Posted on 3/23/25 at 2:34 pm to MrGumshoes
Ooh ooh!
Now do how many restaurants closed all over the rest of the country because of covid.
Now do how many restaurants closed all over the rest of the country because of covid.
Posted on 3/23/25 at 2:36 pm to kywildcatfanone
quote:
This is probably true, and a good indication of taxpayer money waste
Sickening knowing how many people have enriched themselves
From our tax dollars
I would love to open a business knowing tax payers would keep me afloat
And make me “rich”
Posted on 3/23/25 at 2:37 pm to UPT
quote:
It seems that with all of this fraud that there should be hundreds of indictments, no?
What are we doing? I haven’t read of a single person being arrested or even called out.
This stuff went through congress. It sucks, but legally you'd probably have a hard time getting anybody at all, and forget about getting the people who enabled it all.
Sometimes the political win is going to have to be enough.
Posted on 3/23/25 at 2:37 pm to BuckyCheese
USAID funding/my money. Stopped. Eat dirt like the Haitians you flew to my neighborhood.
Posted on 3/23/25 at 2:39 pm to BuckyCheese
USAID was propping DC up for years.
Posted on 3/23/25 at 2:45 pm to BuckyCheese
The Government complex is no different than any other commercial complex as it relates to supporting area business.
If a plant or shipyard or refinery has a significant reduction in size, the surrounding areas will experience a reduction of home prices and Buisness will suffer. It is Econ 101. It sucks but “that’s life”.
If a plant or shipyard or refinery has a significant reduction in size, the surrounding areas will experience a reduction of home prices and Buisness will suffer. It is Econ 101. It sucks but “that’s life”.
Posted on 3/23/25 at 3:17 pm to Purple Spoon
I read that government air travel is down 50% and is a big reason the airlines forward earnings guidance was so bad this past quarter.
Posted on 3/23/25 at 3:19 pm to Purple Spoon
Exactly. Imagine if they closed Barksdale down.
Posted on 3/23/25 at 3:36 pm to BuckyCheese
It’s weird they won’t succeed with actual workers returning to town…
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