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Updated over 4 years ago,
Danny WebberPoster
Agent
Property Manager
- Real Estate Broker / Investor
- Austin, TX
- 449
- Votes |
- 834
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This will accelerate the chaos and foreclosures in the RE Market
"No $600 A Week Unemployment Check In GOP’s Plan For Next Stimulus Bill"
Anyone on unemployment after this week will effectively be losing the equivalent of $2,600 a month in income. Many of these folks were using this to cover everyday expenses but some were using it to pay their mortgages/rent. This will accelerate "Something" happening in the RE Market. It is too early to tell but signs point to increased FC's/Evictions/Liens etc....
There has not been any mention in the news about bailouts in regard to mortgages/evictions/delinquent taxes/etc to save the homeowner or investor.
Are there opportunities here?
- Danny Webber