What's Your Crystal Ball Say?
With the global Coronavirus mixing up the real estate market it seems like a few of these things may happen.
- •Massive unemployment = selling and foreclosure (eventually, not initially)
- •Increased supply/declining demand = lower prices/buyers' market
- •Those with capital reserves will buy at significant discounts for cash
- •Savvy investors without capital will buy on great terms
- •Retail priced value add/flip properties will have to sell at smaller margins
- •The paper market and buy and hold investors will be on hold until the general public can afford to make payments
- •Capital might be sitting on the sideline for a while
What does your crystal ball say I'm missing here?