Another U.S.-Wide Housing Slump Is Coming!!

[Will G.]

Interesting points in this article:

https://www.bloombergquint.com/gadfly/coronavirus-fallout-u-s-housing-prices-will-tumble

On point or not so much?

[Ron Flatt]

I expect property values to take a small hit, but not an enormous one.  People need a place to live and there will be some fall out.  I believe that the most vulnerable, are those Landlords that are heavily leveraged.  It is still early and I will feel the pain, but I still received the majority of my rents in April.  I did give a break to my only commercial tenant, because they are shut down and they were happy for a 50% reduction in rent for 3 months, (hopefully they can reopen).  
My main problem, is an eviction I started before the Virus, but was put on hold.  So now they are staying free and not paying rent, (just promises).  
I recommend, do not over leverage yourself, keep a cash reserve.  Screen new tenants carefully and work with your good tenants.  
I am looking for some bargains, where individuals panic and want to bail or were over leveraged. 
Keep your head on straight, stay calm, treat others as you want to be treated and remember it is a business so you have to take care of your business.