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Updated almost 5 years ago,

User Stats

201
Posts
36
Votes
Ellie Narie
  • Investor
  • Ashland, OR
36
Votes |
201
Posts

Will corona virus cause property values to go down?

Ellie Narie
  • Investor
  • Ashland, OR
Posted

So everyone seems pretty worried about this virus spreading in the US. I'm just worried because I'm about to buy my first deal triplex with an FHA loan, and it's pretty expensive at around 400k (welcome to the pacific northwest!), rents around $900 a month per unit. But I'm hearing about the corona virus stuff, how the stock market had the biggest downfall right now, and I'm just worried that in a few months, this property will be worth half of what I would pay for it. Is this likely to happen? What do you all think about how the corona virus is affecting real estate?

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