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Updated almost 5 years ago,

User Stats

389
Posts
314
Votes
Sheryl Sitman
  • Rental Property Investor
  • Philadelphia, PA
314
Votes |
389
Posts

COVID-19 Influence - Which real estate markets will do best?

Sheryl Sitman
  • Rental Property Investor
  • Philadelphia, PA
Posted

So what do you all think? Usually, landlords enjoy more favorable conditions in red (Republican) states and municipalities where laws are more landlord friendly - easier to evict, for example. Is Corona going to change where it is favorable to own real estate? Georgia and Florida, for example, were slow to close down and are now fast to re-open. Georgia will open spas, hair salons and other businesses where person to person touch is part of the work. This is not a political commentary - it is a practical question. I wonder if those populations and economies will be more impacted by the Coronavirus in the long run, if businesses will open only to be shut again, if hospitals will collapse ... in the states that choose to move forward fast. Already, there are owners of businesses like hair salons in Atlanta saying they will not open due to the high risk. But without the backing of the state, will such businesses not be eligible for government loans and unemployment? Are investors in Philadelphia and Pennsylvania going to benefit from the stricter rules ?