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But the ones who will go against lockdowns will be the one who have no savings and that means mostly young people who virus affects with less severity than olde
by econcon 7y ago
But the ones who will go against lockdowns will be the one who have no savings and that means mostly young people who virus affects with less severity than older ones.
It seems old ones are also the people who have most real estate in America?!
So if virus is passed on to old people and they die. Then natural consequence will be that, their property will be passed onto their kids who will most likely sell it immediately and cash out why? Because kids of most wealthy suburban families usually live in huge Metropolitan cities so they are unlikely to hold onto property in suburb.
And does it mean soon lots of cheap properties will be available for sale in suburb?
- baron_harkonnen 7y agoFor those without saving lockdown means that everything is paused. Right now in many places landlords cannot charge late fees, services can't be cut off. Additionally there's lots of sympathy for those in need. While isolation persists we'll see more programs like NYC provided 3 meals a day. Once isolation ends then the bill collectors will start coming and the free meals will be come rare but people will remain severally unemployeed. The people with no savings are the ones that are going to most want this to last since there's no going back to the way things were right now. Many of the jobs lost will not be immediately replaced when the isolation stops.
- throw90312 7y agoNothing is paused. You will still have to pay for everything, maybe latter, but eventually you will get kicked out. I will probably go to prison, child support is still enforced. There is ZERO sympathy.
- deleted 7y ago[deleted]
- econcon 7y agoWhat do you think about the real estate? Do you expect more properties to come on market for younger folks? Will it become cheaper to buy new property?