..... There is about to be a MASSIVE foreclosure and short sale spree across the entire country .... Not to mention the big commercial real estate dump from the businesses that will be going out of business.
... Making a Long story Short ...... While it may be bad for previous Pre-Pandemic investors who will lose almost everything .... There is about to be a new generation of investors (Or even the Government) stepping up and emerging on the near horizon to purchase these properties. It should be interesting to watch this happen and which direction it will take.
....... We are living in interesting .... And Historical Times in this Nation.
But who will those new investors be? People from China? Muslims from Saudi Arabia? The wealthy class from India? More of our country being bought up by foreigners most likely.
Welcome to the new normal.
You think there is going to be a big real estate dump? LOL
It’s not just small businesses that have gone bankrupt in an effort to kill granny in the nursing home, it’s small and large landlords and it’s big investors in office buildings.
The demand for office space has disappeared. And there is a “big real estate dump” on the horizon for residential, rental and office space. Hold onto your hat if you’re in malls or office space.
p.s. Real estate, like politics, is all local. If you are in New England, NY, NJ your market is in trouble. If you are in the Carolinas and want to sell a residential property, you will do a bit better. If you’re trying to do office space, good luck.