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25 March 2020 | 1 reply
Recessionhttps://www.ocregister.com/2020/03/16/coronavirus-pushes-u-s-into-recession-california-to-be-hit-hardest-ucla-economists-say/Oilhttps://www.biggerpockets.com/blog/coronavirus-harm-real-estate-market-oil-price-warCovid-19https://www.kcra.com/article/newsom-more-than-half-of-california-projected-to-contract-covid-19/31791343#We are in a systematic designed destruction of the world economy, the FED [and all central banks in the world, follow same gameplan] is going to become the buyer and seller of last resort.
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27 March 2020 | 12 replies
If this recession hits as hard as some economists are predicting we probably won't be seeing bargain bin prices until the very end of the 2020 or mid 2021.
6 July 2021 | 10 replies
Having recessed lighting installed and ceiling fans installed in each room brought appraiser higher in his evaluation, "I see your going to make this a better home" The home ultimately appraised for 430,000.00 and given the market read here on Long Island it looks like I just got it in before appraisal wills start decreasing.
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7 May 2020 | 30 replies
In 11 of the previous 13 recessions since the great depression, prices rose.
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30 March 2020 | 5 replies
However, due to covid 19 and the country going into a recession, I was wondering if I should hold off until this all passes.
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9 April 2020 | 9 replies
You really need to evaluate both markets, but if both markets have had similar impacts I wouldn't hesitate to move forward with your plan if that is your preferred course of action.The current market is a bit interesting in that some people think we are in for a long recession while others believe we will bounce back from this rather quickly after this virus subsides.
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26 March 2020 | 5 replies
Is there a safe recession proof area likely to multi units/4 plexes apartments in San Antonio?
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12 April 2020 | 5 replies
In this century, I've been through 2 big real estate downturns, the 2001-2002 tech recession that was more regional (at least in the really "bad" aspects) and the Great Recession.
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7 August 2020 | 30 replies
I have a feeling that the aftermath of this is not going to be pretty and the market value will drop (just my opinion), my thoughts in response to this whole thing is to ask the seller to come down 20% plus an extra 10k for foundation repairs that would bring us down to 110k, I feel like that is a fair approach with the unknown at hand plus talk about heading into a recession.
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27 March 2020 | 3 replies
(if the property value drops, the lender calls due the difference on LTV):"But during recessions, when property values slide, borrowers who had been at max leverage (often 75 percent LTV) find themselves having to pay down their loan to meet the required LTV.What does this mean?