Real Estate

Foreign investors will certainly be buying up lots of foreclosure properties later this year at bargain prices.

Real estate is likely a great play once prices come down, millions unemployed including homeowners who will have to sell this year
 
High priced homeowners ($1m+ homes) were already feeling the heat last couple of years because of the SALT rule. There was a 24 month inventory built up in the high end towns in my area. Now after coronavirus those are all but unsellable. Ive been seeing more foreclosures coming into the spring season. This could get very interesting...
 
iprph90 said:
Another round of increased RE taxes. Almost doesn't make sense to own anymore.
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That's correct. Homeowners need to brace for higher property tax rates, just like what happened during the last crisis - I remember mine almost doubled from 2007 to about 2013. Municipal governments need to keep those gold plated benefits and pensions for their workers with fewer homeowners available to supply the money.
 
S2007S said:
700 credit score and 20% down...

That just eliminated how many millions of people???????
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The average credit score in the U.S. is 703, so almost half of the population is eliminated by that requirement alone.
 
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