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Here's what I'm looking at... Since interest rates will be low, it could be a good buying opportunity for investment property. There is always risk here and wi

Here's what I'm looking at... Since interest rates will be low, it could be a good buying opportunity for investment property. There is always risk here and with a rent strike looming there is potential for even more. I was already in the market for investment property so I've been following various markets (zillow lets you export a ton of data about historic property values and projections). Prices haven't fallen yet, but back in 2008 there were a number of years where it was a buyer's market. The stimulus bill that just passed also drops the limit on real estate depreciation, which is a potentially massive windfall for real estate investors. Not that it takes advantage of negative interest rates, but stocks are "on sale" right now and with today being the last day of Q1 and the viral apex on the horizon, more bad news is likely on the way... so there might be an even better opportunity to buy some previously top performing stocks in the coming months. I made about 60% between October and February and plan to buy back in soon with much better positions. I'm very interested to hear what others are thinking about doing or if they have feedback about what I'm thinking.

1-more 7y ago
> I was already in the market for investment property I talked about buying a condo with my brother and renting it out but at the end of the day I'm just not comfortable just taking someone else's income because I happen to have the money on hand to make a down payment. It seems so predatory.
- orky56 7y ago
  How is it predatory? The person who is renting likely does not have the ability to purchase and you adding another rental to the market drives rental prices down and provides another rental option (albeit insignificantly) thereby helping said renter.
  - 1-more 7y ago
    At the end I get a condo and the renter gets nothing, that's just so backwards to me.
    - thehappypm 7y ago
      They get shelter.
      - 1-more 7y ago
        Even taking as given that they should have to pay for shelter beyond the cost of maintenance, all that could all exist without me getting to skim in the middle.
- bonestamp2 7y ago
  I hear you, and I've had similar feelings. I certainly don't want to profit from someone's tragedy, but I feel a little better knowing I was already in the market before this virus came along. At the end of the day, somebody is going to rent them a place and I feel like I am one of the better people to do that. From my experience as a tenant, I think I can be a better landlord than someone whose only source of income is other people's rent.

1-more 7y ago

> I was already in the market for investment property I talked about buying a condo with my brother and renting it out but at the end of the day I'm just not comfortable just taking someone else's income because I happen to have the money on hand to make a down payment. It seems so predatory.

orky56 7y ago
How is it predatory? The person who is renting likely does not have the ability to purchase and you adding another rental to the market drives rental prices down and provides another rental option (albeit insignificantly) thereby helping said renter.
- 1-more 7y ago
  At the end I get a condo and the renter gets nothing, that's just so backwards to me.
  - thehappypm 7y ago
    They get shelter.
    - 1-more 7y ago
      Even taking as given that they should have to pay for shelter beyond the cost of maintenance, all that could all exist without me getting to skim in the middle.
bonestamp2 7y ago
I hear you, and I've had similar feelings. I certainly don't want to profit from someone's tragedy, but I feel a little better knowing I was already in the market before this virus came along. At the end of the day, somebody is going to rent them a place and I feel like I am one of the better people to do that. From my experience as a tenant, I think I can be a better landlord than someone whose only source of income is other people's rent.