March 9th, 2012
Seriously. From the press release:
Are you a business owner who is interested in retaining your employees? Are you interested in learning more about the current available housing programs that your employees can benefit from through home ownership or rental options? Join us in this relaxed atmosphere as experts in the Arlington County Housing and the Virginia Housing and Development Authority (VHDA) provide great information on the latest housing options.
Options include buying your first home with little as 1% down! There will be door prizes and complimentary refreshments.
Soooo0 . . . the labor market in Washington is so tight–for young workers, even–that businesses are trying to help their employees buy real estate. With 1 percent down. In order to keep them from wandering off to greener pastures? This doesn’t comport with any reality I’ve seen in Washington–either statistical or anecdotal–on either the labor, real estate, or lending sides of the equation. But hey, the Arlington Economic Development group is springing for food and door prizes.
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