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One thing I find odd about the current housing market is how many people aren't paying rent right now.[0] Once evictions are allowed again surely that is going
by jeffreyrogers 6y ago
One thing I find odd about the current housing market is how many people aren't paying rent right now.[0] Once evictions are allowed again surely that is going to have some impact on prices. Especially if, as many people suspect, many of these homes are investments rather than owner occupied. Maybe it won't affect the housing market much though because the problems are mainly in low-income housing? That seems like a sketchy assumption.
[0]: I couldn't find a good number for this in my quick search for it, but I remember seeing something about how a fairly high percentage of renters aren't paying rent currently.
- burlesona 6y agoThere is also a ton of commercial real estate operating in “extend and pretend” mode. It seems unlikely that all of that just stabilizes with no drama. But I think the policies of the moment are not really aimed at solving that problem, they’re aimed at delaying the worst of the housing crisis until the worst of the pandemic crisis is behind us.