from Kerry Lutz's Financial Survival Network
Andrew Ragusa notes that covid phobia has greatly affected the real estate markets, buyers who won’t look and there’s sellers who don’t want people coming into their homes. Increased buyer activity in Florida and TX. The Southeast is on fire. Foreclosures will resume in 2021. The solution put in place has been very short-sighted. New York has taken the lead in protecting landlords. Many landlords are of the middle class. Initially there will be a momentary surplus, but there’s a feeding frenzy taking place. People are snapping up any available properties. Largely due to the flight from urban areas. Mortgage rates to stay flat or slightly higher. Migration will awaken the population.
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I am surprised that the rise in home prices is not related to INFLATION through money printing and that the devaluation of the currency will in short order deteriorate all of our standard of living and is not a good news story.