New York Times:
Democrats, don't put away the celebratory booze just yet. One of the world's greatest opportunities for schadenfreude is about to present itself, as an exiting army of Republican foot-soldiers tries to sell its Washington-area homes in the worst housing bust since the Great Depression.
Think about it: Many of today's exiting Republican-appointed officials in Washington arrived near the height of the housing bubble, particularly those who came after George W. Bush was re-elected in 2004. Then, it must have seemed as if Republicans had a permanent stranglehold on Washington, and thus it must have also seemed like the appropriate time for conservative migrants to the capital to settle down and buy a home.
Many of these Republican officials nested in northern Virginia, a corner of what had long been a reliable red state. And what a time to buy in northern Virginia it was.