Unless the tenant says they have covid or is someone in a high risk group (immune system compromised, elderly, etc.)

Economic Update(Monday, February 15, 2021)I was never a big believer in “Herd Immunity” until now.

If so, you may be immune from capital gains tax and then the depreciation would not matter.

As I wrote weeks ago, the best stimulus for our economy is not checks, but rather a COVID vaccine (and herd immunity).

When money chases an opportunity at scale there is always the risk of a market being flooded and our local focus is not immune from national trends.

He did have diplomatic immunity which complicates the issue, but I’d still make sure you can get loans.

Las Vegas market is not immune to the correction happening across the country right now.

While this post was obviously not rigorous in scope or research, I hope that for you, like for me, just walking through some high-level reasoning helps check the emotional answer to tough questions.In times like these, that could be just the sort of immunization we need to keep making good decisions.

However, in the markets where values went from 400k to 600k+ the interest rates rising has a huge impact because these workers didn’t double their incomes like most people in small towns have as a result of the unofficial  minimum wage doubling. tennessee is same way with people retiring so there are legitimate cases for rural towns in states with no income tax like Wyoming as well. we are definitely not immune though to the wider issues.

Diverse industry/employment or something more recession-immune like state/federal government/military would be factors, as well.