The economics, financial, social and mechanical and legal make it fascinating to me.

West Lake is actually a different project being built by a different team but nonetheless still a big economic driver in the region!

Economic Update(Monday, June 22, 2020)The recession that started in March was the sharpest downturn since the Great Depression.

Would it be in my best interest to flip or rent a house in the current economic/real estate climate?

Instead of these math classes, I would recommend that your son take classes like Personal Finance or Economics in school (if available) as those are much more relevant to real life for most graduates.

Now I've got the 2 years reported income on tax return so I know I'm gonna snowball my way to Financial Freedom.Thanks to the BP family and I'll definitely be reaching out to some of you that have offered to connect.Peace, Blessings, Good Health, Wealth and Humility to us all!

My only chance of actually cashing in is if there's a short spike in price unrelated to economic conditions, which only happens occasionally in silver.

I’d like to keep on topic, but I’m also curious if the current economic state due to unemployment will play a role in your response.Thanks

203k Benefits to Buyers/Borrowers (not all inclusive) Renovate home with little/no additional out-of-pocket expenseLow down payment (3.5%)Combine purchase/refinance + rehab funds into one low-interest, tax-deductible mortgage which is based on the improved appraised valueInclude mortgage payments into 203k if home is not livable during renovationsSubmit a strong purchase offer if presented properly to sellerBuyers face less competition from other buyers to purchase fixer-uppers, foreclosures or older homes that are outdatedBetter opportunities for "good deals" on home purchasesAbility to purchase properties that may not meet FHA standards and complete the repairs/improvements AFTER the home is purchased.Select from a larger selection of properties for sale (in any condition), including condos, townhouses, mixed-us, multi-family, single-family dwellings and those that do not currently meet FHA standardsWhen offer is presented properly to seller, 203k offers may be advantageous in a competing offer situation as the seller does not have to fix-up or repair the property but instead allow the buyer to include these items into their 203k mortgage and complete the improvements after closing using the buyer's own style and design.203k Benefits to Home Owners & Sellers (not all inclusive)Market property to more buyersAllow buyers the opportunity to renovate, upgrade or improve to suit their tastes and preferencesNo need to settle for low-ball cash offersCurrent condition of property not required to meet FHA's property standardsBuyer is permitted to correct any property deficiencies after close of escrowNo more inspection concernsAbsolutely no repairs are required prior to close of escrowSeller not responsible for cost of repairs/improvementsTransaction will close with property in "AS-IS conditionClosing occurs in 45 days203k Benefits to Realtors® & Lenders (not all inclusive)Increase income by selling more homes and originating more loansRaise real estate values by improving homes and neighborhoodsDecrease foreclosure inventoryHelp buyers who previously could not buy homesHelp seller/owners with properties in outdated or fix-up conditionSpur economic growth by creating job opportunities for the construction/remodeling industryPromote an under-utilized niche program that not many Realtors® or Lenders understandRevitalize your community203k Disadvantages (not all inclusive) upfont MIPMI for life of loanSupplemental origination feeInspection feesTitle update feesmore complexmore moving partshigher interest ratepossible longer closing timeBut working with the right 203k Lender, a contractor with education/experience with the 203k, such as a Certified 203k Contractor, the benefits can definitely outweigh the disadvantages.

—TheCongress finds that—“(1)according to the 2018 American Community Survey, 36 percent ofhouseholds in the United States—more than 43 million households—arerenters;“(2)in 2019 alone, renters in the United States paid $512 billion inrent;“(3)according to the Joint Center for Housing Studies of HarvardUniversity, 20.8 million renters in the United States spent more than30 percent of their incomes on housing in 2018 and 10.9 millionrenters spent more than 50 percent of their incomes on housing in thesame year;“(4)according to data from the Department of Labor, more than 30 millionpeople have filed for unemployment since the COVID-19 pandemic began;“(5)the impacts of the spread of COVID-19, which is now considered aglobal pandemic, are expected to negatively impact the incomes ofpotentially millions of renter households, making it difficult forthem to pay their rent on time; and“(6)evictions in the current environment would increase homelessness andhousing instability which would be counterproductive towards thepublic health goals of keeping individuals in their homes to thegreatest extent possible.