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All of this over an overreaction to a disease.
It’s too bad.
Banks will foreclose only if the home value is nearing the remaining loan balance.
Will see how economy fares. It could drag down home prices by at least 25%.
What it looks like so far is that prices are falling in the denser cities and prices are increasing in the suburbs. A result of telework opportunities. I wonder if now is the time to buy some rural but beautiful land (waterfront or mountain/valley view) in anticipation of teleworker
try to get us to permanently stay at home, for the good of "the environment".
Bailout after bailout ensured the taxpayers were burdened with even more debt to the benefit of banks, large corporations, and foreign governments.Student debt.
The lock downs pushed people out of jobs so they can no longer service that debt.
and everything in visible Universe will be owned by Bezos and his likes, exactly as
When will house prices fall: https://www.fool.com/millionacres/real-estate-market/articles/when-will-home-prices-stop-increasing/
A lot of it is based on price to income ratio (as well as the mortgage interest rate and % of net income going to mortgage+insurance+tax+hoa fee) :
Millions of people WILL lose their homes if we allow these Satanic Communist Islamic terrorist promoters to seize control of our Government.
Never bet against the Patriots.
Most of the job losses have been in jobs that didn't result in a high percentage of home ownership (aka renters), or were spousal jobs to help support the breadwinner of the family. I'm at 8% income to debt payment (PITI). We could work at McD's and still make the payment.
Poof, it's gone. And that's where I think the crisis is. Municipal debt. We'll see.
Apple will have to cut back as it sees a major drop in purchase of its products over the 2020 holidays. This may mean less bonus or a cut to the engineer's hours.
Were they the people that supported the Iraq War or opposed it? Did they support the bombing of Libya or were they against it?
richwicks saysWere they the people that supported the Iraq War or opposed it? Did they support the bombing of Libya or were they against it?
Hey, Bush can suck both of our Dicks, now what else do you want from me?
Right, the raging pandemic that has killed 257,016 (officially at the time I write this) out of a country of 300 million people. Why, this super deadly "disease" has killed full 0.0778% of the population. Wow, that's almost 1 out of 1000 people!!
Oh, and the average age of a victim that died form it? That's 75, 3 years old than the life expectancy of 72.
I do not know any people who are grandparents who do not want to see the grandkids. No saying some do not want to see them, but I think it is odd.
And have you played with the new Apple Silicon Mac
As for renters: Landlords aren't going to kick out renters if they have nobody to fill the vacancy. Why would a landlord kick out a renter and then leave the place vacant. Better to keep the renter and hope to resume collecting rent when the covid is over. Maybe they could even collect some past-due rent. In fact, wait until the economy pick up and you could get a new renter; use that as leverage to have the current renter pay back rent.
WHY DO YOU HATE SUCCESS?
AND EXPLOIT EVERY LAST ATOM IN THE UNIVERSE TO MAXIMAL PROFIT SO HE CAN EAT GOD'S FACE!, exactly as the Founding Fathers commanded.
Yep. Stupidest pandemic ever. Most people tolerate this killer disease without issues. Some very unhealthy and/or very old people die from it.
So let’s eliminate everyone’s freedom and businesses and jobs and housing in a futile attempt to “stop” the virus!
HeadSet saysI do not know any people who are grandparents who do not want to see the grandkids. No saying some do not want to see them, but I think it is odd.
What it looks like so far is that prices are falling in the denser cities and prices are increasing in the suburbs. A result of telework opportunities. I wonder if now is the time to buy some rural but beautiful land (waterfront or mountain/valley view) in anticipation of teleworker demand and widespread 5g.
That is why Pelosi has been coy about "the COVID bailout" as it is about helping those states like Illinois
I can't help wondering if the whole damn thing was designed not to just swing the election, but to try to get us to permanently stay at home, for the good of "the environment".