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re: The big elephant in the room no one is talking about is eviction moratoriums
Posted on 4/28/21 at 12:36 pm to VADawg
Posted on 4/28/21 at 12:36 pm to VADawg
quote:
There has to be a large number of landlords who are behind on these mortgages. Banks will foreclose on their houses and govt will buy them at dirt cheap prices, creating govt housing in places where it wouldn't be
The commercial shoe in real estate will drop first. There is so much available office space due to the pandemic and many companies reducing their footprint or completely eliminating their brick and mortar footprint that there will be availability in this space that hasn’t been seen since it was built. I believe government will buy a lot of this space and turn it into co-op housing, halfway/rehabilitation centers, and low nonviolent incarceration facilities.
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