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Updated about 4 years ago,
To wait or to waaaaait...that is the question!
I've been strongly considering getting a rental property. Duplex perhaps? I'm still interested but my interest is fading. I'm all about waiting until there's "blood in the streets" but with Govco. dropping the hammer on landlords, declaring "thee shall not chargeth thine renter a dime!", I'm not so sure there can be enough blood to entice me to buy. I have my reasons as to why I believe the housing market is due for some down time so to speak, one being this moratorium b.s., therefore I believe a better time to buy will present itself in the near to mid-term future.
Has the government in the USA ever done this? No. It's nuts and frankly doesn't sound constitutional but I am no lawyer.
I'd think a site like this would have 50% or more of the new posts talking about this daily. Are all the landlords that are still getting their rents the ones that are still active on BP while the rest are attempting to salvage their overleveraged portfolios?