Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by frockington1 on Wednesday November 18, 2020 @10:52AM
(#25138163)
If the government shuts down the economy again its very likely. Thankfully the government is also printing money so real asset prices will only rise. Will be able to make up for lost rent quickly as prices rise
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Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by _iyig on Wednesday November 18, 2020 @10:54AM
(#25138191)
> Thankfully the government is also printing money so real asset prices will only rise. Will be able to make up for lost rent quickly as prices rise
Could you elaborate on this? I don’t follow
Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by frockington1 on Wednesday November 18, 2020 @10:56AM
(#25138235)
Real asset prices have had a historic run this year. As the government goes into further debt, the relative value of the dollar decreases resulting in an increase price for housing, equities, precious metals and even bitcoin
Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by abfan1127 on Wednesday November 18, 2020 @10:57AM
(#25138245)
"more dollars chasing fewer goods" is the classic expression. Its obviously highly simplified.
Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by shawabawa3 on Wednesday November 18, 2020 @10:55AM
(#25138212)
Landlords will have increased equity in their buildings which will offset any rent arrears so will continue to enjoy the government supported risk-free rental income as they always have
Tenants will likely be shafted
Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by sparrish on Wednesday November 18, 2020 @11:20AM
(#25138579)
Increased equity doesn't pay the mortgage. So they have to sell to realize that 'increase' to offset their rent losses. Everybody sells - prices go down - landlords lose out as well.
Nobody is winning here.
Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by ethanwillis on Wednesday November 18, 2020 @10:53AM
(#25138182)
Who will be able to make up for lost rent? I don't think it will be tenants.
Re:Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” loomin...
by frockington1 on Wednesday November 18, 2020 @10:55AM
(#25138206)
The landlords. As long as the government keeps devaluing the dollar, landlords should be safe and the housing supply shouldn't shrink too much. If rates rise, we may end up with a lot of empty buildings