I have an Airbnb in Charleston, SC, which has done very well the last 2.5 years I've been doing it. It pays our mortgage at minimum every month, and during peak season, it's double that. Since corona hit, I've not had...

Then, Covid-19 pandemic started.  

“No one wants the business so lenders price the mortgage rate on a refinance so high that it doesn’t make sense to cash out.”Also, more than 30 million people who have filed for unemployment in the six weeks since the coronavirus outbreak forced employers to shut down and lay off workers.

I was concerned with the coronavirus and lending changes that the market may become tepid.

I will be moving into the San Fernando Valley in a few months, and will either be purchasing my first property, or renting while patiently looking for deals as the pandemic continues.

@Nicolas NuvanFrom what I heard from several people, is NYC prices dropped during the pandemic bc everyone moved out and moved to suburbs.

Let's get into the numbersWe purchased our first home in 2016 for around $200k and paid it off in early 2020 before the pandemic.

I'm curious to see how occupancy rates fluctuate once we get past the worst of the pandemic - like 2022/23.

Now, due to the pandemic, an influx of demand, and a lack of local resources at the permit reviewer’s office, permits have been taking roughly 90-180 days.

People with 3% loan will hang on best they can and not move.The Fed is not reducing rates in the next couple months, but then an airplane can be crashed into a symbolic building or another pandemic comes along, or something else wild and bad.