I've been seeing lots of things recently talking about how the real estate market is going to tank after the COVID relief for eviction moratorium and mortgage forbearance wear off. I'm not going to try to get out my crystal ball and guess what the market will do, but the way I see it is that the effect those things will have will be more localized and micro rather than a macro effect across the whole country. The effect COVID has had on certain markets is very different that it's had on others (the Idaho market has seemed to thrive in many ways).
Personally we own/manage several rental properties across the Treasure Valley (both long term and short term rentals) and haven't had anyone with issues paying rent because of COVID (in fact, vacancy rates have gone way down and rents have gone way up), but I know we have a small sample size to go off of. I want to know what kind of effects COVID has had on investors in Boise and across Idaho. Have you had renters not being able to pay rent and using the eviction moratorium? Have you seen the need for mortgage forbearance? Any hot takes on what the Boise/Idaho market could do over the next 12 months or so? Curious to hear everyone's thoughts!
