And then I come home and have to deal with another stress.Look I’ve thought about this and really don’t like to tell you but you have to take that dog off the property by Friday evening (April 17) or my insurance premium will sky rocket.

Cancellations across the valley have skyrocketed recently mostly due to the mass layoffs on the strip.

For example during the fuel embargo gas stations had a lot less gas to sell but the government, after the prices started to sky rocket, capped gas prices.  

Fall outs are happening and appear to be increasing some, but overall inventory has not sky rocketed.  

Where I live in NYC is also close to schools and institutions, so rent is pretty stable, neither skyrocketed with other fancy neighborhoods nor nosediving when the economy took a hit in general.

I'm usually more of an optimist but hear me out, Unemployment will continue to sky rocket in the near future People who were fired will get nervous and want to avoid any future depreciation in home values since right now values are still historically high.

If I was in your situation it would come down to the area it is in..if its desirable and has demand for rental I would go for it..I believe no matter how much the market drops during this crisis it will bounce back especially in hot areas that had 20-30 offers weeks ago.. are you willing to lose the deal to get a 5% discount when the property can potentially skyrocket after we are allowed to give high fives again

I point out the low average return of the stock market compared to real estate, how he is bleeding money with fees from people he doesn't even know or have control over, that we have historically low taxes now and 20 years from now taxes will most likely be much more, why he plans on being poor at retirement to take advantage of 401K, that not being able to leverage his savings for 20 years creates massive opportunity costs because of the time value of money, that inflation will skyrocket due to this crisis and real estate mitigates inflation because property price and rents rise like all goods and 30 year debt becomes cheaper and cheaper every year.

On top of all of that, they have renovation plans to make this property skyrocket in value: redoing the garage, updating the exterior, and turning the front porch into an ultimate walk in closet for Josie. 🤩🤩 The icing on the cake, the monthly payment is going to be even less than rent!

Also, with the unemployment rate skyrocketing, there is unfortunately likely to be an increased demand in financially stressed homeowners to sell their homes quickly.