Covid-19 is accelerating a bust cycle that was already in the cards
by Adam Taggart
Chris Martenson’s Peak Prosperity
The crazy stock market rally since the March lows has received all the media headlines, but what about real estate? What impact is the coronavirus having on that market?
One of the most successful real estate investors we know, Ken McElroy, says that covid-19 is accelerating and exacerbating a bust cycle that was already in the making. He predicts massive upheaval in 2021:
You didn’t have to prove hardship for the first part of that CARES Act. And then Trump said, “Listen, no evictions through October.” So, right now, we’re close to 3,000,000 people that have not paid their mortgages that are over 90 days delinquent.